July 17, 2024 at 09:00AM
Bassett Furniture, a Virginia-based manufacturer and retailer, suffered a ransomware attack, impacting its manufacturing facilities and business operations. The company detected unauthorized access to its IT systems and encrypted data files, leading to a shutdown of manufacturing facilities. While retail stores and e-commerce remain open, order fulfillment is affected. No compromise of consumers’ personal information is believed to have occurred. This incident is expected to have a material impact on the company’s business operations until recovery efforts are completed, though its financial condition is yet to be determined. No ransomware group has claimed responsibility for the attack. Bassett operates around 100 retail locations in the United States and Puerto Rico.
From the meeting notes, it is clear that Bassett Furniture, a Virginia-based furniture manufacturer and retailer, has been the victim of a ransomware attack. The attack has caused significant disruptions, particularly in its manufacturing facilities. The unauthorized access to its IT systems was detected on July 10, leading to the encryption of some data files and the shutdown of some systems as part of containment measures. As a result, the company’s manufacturing facilities are not operational, affecting its ability to fulfill orders. However, its retail stores and e-commerce platform are still open for orders and purchases. Bassett has emphasized that it does not believe personal information from consumers was compromised, but it acknowledges that the incident is likely to have a material impact on its business operations until recovery efforts are completed. At present, the company has not determined the potential financial impact of the incident. Despite the lack of a specific ransomware group taking credit for the attack, the company’s roughly 100 retail locations in the United States and Puerto Rico have been affected.