© 2023 CyberNews - Latest tech news,
product reviews, and analyses.

If you purchase via links on our site, we may receive affiliate commissions.

HanesBrands loses $100 million in net sales following ransomware attack

HanesBrands suffered a ransomware attack which left it partially unable to fulfill customer orders for three weeks, costing the company $100 million in net sales.

HanesBrands, an American multinational clothing company, has released its second-quarter results, which indicate a hit it took as a result of a ransomware attack.

The incident temporarily paralyzed its supply chain system and left the company unable to fulfill customer orders.

The overall losses amount to $100 million in net sales, $35m in adjusted operating profit, and $0.08 in adjusted earnings per share.

The attack was previously disclosed in an SEC filing in late May.

The company has not released any additional details as to who was responsible for the attack and whether it was required to pay a ransom.

As of now, HanesBrands has fully restored its operations and believes that the incident was taken care of.

More from Cybernews:

FTC zeroes in on Big Tech with public consultation

US unmasks Conti suspect for first time, asks public help to identify him

Russian cyberwarfare has mixed success, say experts

New cyberphysical method to halt the trade in counterfeit medicines

Australian court orders Google to pay $43 million for misleading users

Subscribe to our newsletter

Leave a Reply

Your email address will not be published. Required fields are marked