The multinational fast food corporation that operates popular chains such as KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill, is under a ransomware attack. These attacks seem common these days. This attack resulted in the closure of 300 locations in the United Kingdom. The company operates a total of 53,000 restaurants across 155 countries and territories. The companies make a cumulative net profit of $1.3 billion annually and a total of $5 billion in assets.
The investigation of ransomware
Upon detection of the incident, brands immediately initiated their response protocols. These protocols included deploying containment measures such as taking certain systems offline and implementing enhanced monitoring technology. The company also launched an investigation and engaged the services of leading cybersecurity and forensics professionals. They also notified Federal law enforcement of the attack.
The impacted restaurants in the United Kingdom have now returned to normal operation. They don’t expect to face any further problems related to the cyberattack. Ransomware actors are known to steal data from breached networks in order to extort their victims.
The company stated that “although data was taken from the company’s network and an investigation is ongoing, at this stage, there is no evidence that customer databases were stolen.”
Brand’s assurance to investors following an attack
In an 8-K form filed with the Securities and Exchange Commission (SEC), Brands assured investors that the ransomware attack would cause no notable negative financial impact. The company stated that “while this incident caused temporary disruption, the company is aware of no other restaurant disruptions and does not expect this event to have a material adverse impact on its business, operations or financial results.”
Brands have yet to disclose when the breach occurred and how long the attackers might have maintained access to the company’s networks. The company has stated that they will update their statement as soon as they receive more information.
This attack serves as a reminder of the importance of cybersecurity in today’s digital age. Companies of all sizes must proactively protect their networks and customer data from cyber threats. This includes implementing security protocols such as firewalls and intrusion detection systems, as well as regularly updating software and training employees on cybersecurity best practices.
In a nutshell, Brands have been under a ransomware attack, resulting in the closure of 300 locations in the United Kingdom. The company has taken immediate action to contain the incident. The company has assured investors that the attack will not have a negative financial impact. Brands said that while data, there is no evidence of the exposing of customer information. The company continues investigating the incident and will update its statement as more information becomes available.