Levi Strauss reveals cybersecurity breach amid wider wave of attacks

Aug 7 (Reuters) – Levi 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.…Read more by Thomson Reuters