Shares of the owner of North Face sank by almost 8% due to a hacker attack – Kommersant
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Shares of VF Corp., which owns clothing and footwear stores North Face, Timberland, Supreme and Vans, fell almost 8% in Monday trading after the corporation reported a hacker hack. Because of this, the company will have difficulties fulfilling orders in the near future, the statement says. statement VF filed with the US Securities and Exchange Commission (SEC).
VF reported that the attack itself took place on December 13th. Hackers managed to encrypt some of the company’s IT systems and steal data, including personal information. The company said it had already launched an investigation “with leading external cybersecurity experts” and had also taken some systems offline. Users can still place orders on the corporation’s store websites, however, delivery times for goods have been extended due to technical problems caused by hacking. The material damage and impact of the hack on the company’s financial performance has yet to be assessed.
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