VF corporation the U.S clothing giant behind the names of brands such as The North Face, Timberland and Eastpak, with annual revenues of over

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VF corporation the U.S clothing giant behind the names of brands such as The North Face, Timberland and Eastpak, with annual revenues of over $11billion in 2023, filled an 8-k report to the SEC yesterday following a cyber incident. On the day that the SEC final cyber rule comes into effect.

The company detected the attack on the 13.12.23, and started its incident response plan to minimize the effects on operations. That the company has disclosed is impacting order fulfillment. The attack comes at a busy period for the firm leading up to Christmas, one wonder the effect on the companies operations.

‘VF is experiencing certain operational disruptions. Consumers are able to place orders on most of the brand e-commerce sites globally, however, the Company’s ability to fulfill orders is currently impacted.’ {SEC filing}

One waits to see if the attack will or will not have a material effect on the companies operations, as seen by a reasonable investor?

https://lnkd.in/e8sjNCgS

Ted Dziekanowski Brian D. McCarthy

#cybersecurity #securitiesandexchangecommission #cyberriskmanagement

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