American global apparel and footwear giant VF Corporation, the owner of brands like Supreme, Vans, Timberland, and The North Face, has disclosed a security incident that caused operational disruptions.
VF Corp. is a Colorado-based apparel firm owning 13 globally recognized brands.
The company employs 35,000 people and has an annual revenue of $11.6 billion.
In a Form 8-K disclosure filed with the U.S. SEC on Friday, VF informed shareholders of a cyberattack that occurred on December 13, 2023.
In response to the detected unauthorized access on its network, the company shut down some of its systems and brought in external experts to help contain the attack.
The threat actors managed to encrypt some of the company's computers and steal personal data.
While the attack bears all the hallmarks of a ransomware attack, at the time of writing this, no ransomware groups have taken responsibility for the incident.
The impact of the incident on the company's operation is significant and is expected to have a lasting effect on the business.
VF Corp says its physical retail stores will operate normally worldwide.
Still, customers will likely experience delays in the fulfillment of online orders or an inability to place orders on some of the said brands' e-commerce sites.
The company is still assessing the full extent of the security breach and its potential impact on financials and operations.
The timing of the incident during the Christmas shopping season no doubt exacerbates the situation.
Toronto Public Library confirms data stolen in ransomware attack.
Mortgage giant Mr. Cooper data breach affects 14.7 million people.
Delta Dental of California data breach exposed info of 7 million people.
Cold storage giant Americold discloses data breach after April malware attack.
Toyota warns customers of data breach exposing personal, financial info.
This Cyber News was published on www.bleepingcomputer.com. Publication date: Mon, 18 Dec 2023 19:00:07 +0000