SynopsisThe apparel maker joins a growing list of major firms worldwide that are facing a rise in cyberattacks and ransomware incidents that steal sensitive data and disrupt operations.Reuters3D printed models of people working on computers and padlock are seen in front of a displayed CYBER SECURITY words and binary code in this picture illustration taken, February 1, 2022. REUTERS/Dado Ruvic/IllustrationLevi Strauss on Friday disclosed a recent cybersecurity incident in which an unauthorized third party gained access to the company's systems through a social engineering attack targeting three employees.The apparel maker joins a growing list of major firms worldwide that are facing a rise in cyberattacks and ransomware incidents that steal sensitive data and disrupt operations.Here are some more details:Levi Strauss said in a regulatory filing that it has implemented containment measures and launched an investigation, the preliminary findings of which showed that certain corporate information was accessed and extracted.The incident has not disrupted business operations and the company does not expect a material impact on its operations or financial results, it said.Google and internet intelligence data reviewed by Reuters showed that ransom-seeking hackers who use phone calls to compromise victims targeted dozens of prominent U.S. financial institutions and other businesses over the past month. The data indicated cybercriminals created digital traps for more than 200 companies in the past five weeks, including Levi Strauss.Levi's had raised its annual net sales forecast last month, betting that demand for its premium denim products would remain resilient among higher-income consumers. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
Levi Strauss reveals cybersecurity breach amid wider wave of attacks - The Economic Times
The apparel maker joins a growing list of major firms worldwide that are facing a rise in cyberattacks and ransomware incidents that steal sensitive data and disrupt operations.
Levi Strauss disclosed breach via social engineering on 3 employees with corporate data extraction, part of ransomware wave hitting 200+ U.S. firms in 5 weeks. Social engineering emerges as primary vector; credential governance and employee awareness become strategic business risk factors for IT leadership decisions.







