December 5, 2024 at 03:34AM Stoli Group’s US subsidiaries, Stoli USA and Kentucky Owl, filed for bankruptcy due to over $84 million in debt, worsened by an August ransomware attack disrupting operations and compliance. Factors include soft alcohol demand post-COVID-19 and ongoing legal battles with Russia over vodka trademarks. Reorganization aims to protect creditor interests. … Read more
December 3, 2024 at 05:05PM Stoli Group’s U.S. subsidiaries have filed for bankruptcy following a ransomware attack that disrupted their IT systems and forced manual operations. Additionally, Russian authorities seized their last distilleries due to the founders’ designation as “extremists.” Stoli faces ongoing legal battles over vodka trademarks, complicating its situation. ### Meeting Notes Takeaways … Read more
September 6, 2024 at 08:00AM Apache announced a security update for open source ERP system OFBiz to address two vulnerabilities including a bypass of patches for two exploited flaws. The bypass, CVE-2024-45195, allows unauthenticated, remote attackers to execute code on affected systems. Rapid7 warns both Linux and Windows systems are affected. Users are urged to … Read more