Tag: VF Corporation Hit by Cyberattack on Day One of New SEC Disclosure Rule

VF Corporation Hit by Cyberattack on Day One of New SEC Disclosure Rule Apparel giant VF Corporation, owner of brands like The North Face, Vans, and Timberland, disclosed a "material" cyberattack on December 13, 2023, the very first day a new SEC rule requiring companies to report such incidents went into effect. This incident highlights the growing threat of cyberattacks in the retail industry and the potential impact of the new SEC rule in bringing greater transparency and accountability to cybersecurity practices. Details of the Attack: VF reported unauthorized activity on a portion of its information technology systems, forcing them to shut down some systems. The attack involved data encryption and theft, including personal data. The company is working to restore impacte...