Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

VF Corp's cyber incident causes data breach of 35.5 million consumers

Published 01/18/2024, 06:03 PM
Updated 01/19/2024, 04:45 AM
© Reuters. A person walks by a Vans store, a brand owned by VF Corporation, in Manhattan, New York City, U.S., May 20, 2022. REUTERS/Andrew Kelly/File Photo
VFC
-

(Reuters) - Vans sneaker maker VF Corp (NYSE:VFC) said on Thursday the cyber incident that hit the company in December led to a breach of personal data of about 35.5 million consumers, and added that it does not expect a material impact to its financials.

The unauthorized activity, detected on Dec. 13, disrupted global customer orders on its e-commerce site, delayed order fulfillment and led to cancellation of some product orders, VF disclosed in a regulatory filing.

© Reuters. A person walks by a Vans store, a brand owned by VF Corporation, in Manhattan, New York City, U.S., May 20, 2022. REUTERS/Andrew Kelly/File Photo

However, the company said it does not collect or retain any consumer social security numbers, bank account information or payment card information in its IT systems, adding that there is no evidence to date that any consumer passwords were acquired.

The company said it has substantially restored the IT systems and data that were impacted by the cyber incident, while working through minor operational issues.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.