A ransomware attack targeted Yum! Brands on January 18, 2023, caused the closure of 300 locations of its fast food chains KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill in the United Kingdom.
In addition to operating over 53,000 restaurants, Yum! Brands own and operate over $5 billion in assets and $1.3 billion in net profit yearly across 155 countries and territories.
The Company immediately initiated response protocols following the detection of the incident. In addition, it deployed containment measures, including the offlining of specific systems and the enactment of advanced monitoring tech.
An investigation was also initiated by the company to identify the source of the breach, the extent of the damage, and any information that had been taken.
Cybersecurity and forensics professionals were hired to analyze the data and determine the extent of the breach, while federal law enforcement was also notified in order to ensure that the company was complying with any applicable laws.
Those restaurants in the United Kingdom that were affected by the cyberattack have been able to resume normal operations and should experience no additional problems.
The main objective of ransomware is to extort money from the victims by stealing data from breached networks.
There has been no evidence that personal information about Yum! Brands’ customers that were stolen by threat actors were exposed as a result of the attack.
There has been no notable negative financial impact on Yum! Brands as a result of the ransomware attack, as stated in Yum! Brands’ 10-K form filed with the Securities and Exchange Commission (SEC).
This is to protect the Company from any legal action that may arise from making any forward-looking statements that do not come to fruition.
By not updating or revising any forward-looking statements, the Company is ensuring that no one can accuse them of making false statements.
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