January 19, 2024 at 04:05PM
Apparel conglomerate VF Corporation experienced a data breach in December, compromising personal data of 35.5 million customers. The breach caused disruptions to its operations and led to website slowdowns and order cancellations. The company confirmed minor residual impacts and ongoing investigations but assured that sensitive information like Social Security numbers and credit card details were not stored in its systems.
Based on the meeting notes:
– VF Corporation, a $6 billion dollar clothing conglomerate, suffered a data breach that exposed personal data belonging to 35.5 million customers of popular apparel brands.
– The breach occurred on December 13, during the holiday shopping season, causing disruptions to business operations and IT systems, prompting the company to shut down some systems and slowing down demand for certain affected brands’ websites.
– VF reported that cyberattackers were kicked out of its systems on December 15, and the company is still experiencing minor residual impacts from the cyber incident, although it has substantially restored the impacted IT systems and resumed normal inventory and orders.
– VF did not disclose what customer information was stolen, but highlighted that customers’ account passwords, Social Security numbers, bank account details, and credit card numbers were not taken. However, customer names, addresses, demographic and purchase information might be at risk.
The meeting notes illustrate the significant impact of the cyber incident on VF Corporation, its IT systems, and customer data, as well as the ongoing investigation into the nature and extent of the stolen personal data.