VF Corp, Owner of Vans and North Face, Faces Cyberattack Disruption
TL;DR
VF Corp, the owner of clothing brands including the North Face and Vans, has been hit by a cyberattack that disrupted its ability to fulfill orders ahead of Christmas. The attack encrypted some IT systems and stole data, including personal information. While portions of the company's IT systems are operational, VF Corp is still experiencing operational disruptions, including delays in order fulfillment. The company is working with cybersecurity experts and law enforcement to mitigate the impact, but warns that the cyberattack will have a material impact on its business until resolved. Shares of VF Corp were down nearly 6% in early trading.
Topics:top-newscybersecurity#cyberattack#cybersecurity#data-breach#fulfillment-disruptions#retail#vf-corp
- Vans, North Face owner said a cyberattack is disrupting its ability to fulfill orders CNN
- Vans owner VF Corp shares tumble as it says cyberattack could hamper holiday fulfillment CNBC
- VF Corp Hit by Security Breach That Likely Will Have ‘Material Impact.’ Stock Tumbles Barron's
- VF Corp. says cybersecurity breach may impact its business MarketWatch
- North Face, Vans Owner VF Hit By Cyberattack, Faces Orders Disruption Bloomberg
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