VF Corp discloses cyberattack with data theft; operations disrupted

V F CORP

Threat actor encrypted IT systems and stole personal data; investigation ongoing with external experts.
Retail stores open; brand e-commerce sites accepting orders but fulfillment impacted.
Incident detected Dec 13, 2023; company has notified federal law enforcement.
Full scope and financial impact not yet determined; material impact on business operations expected.

Key facts

Extracted from this filing and checked against the source text.

Cybersecurity Incidents SEC 8-K Item 1.05 confidence 0.9

V F CORP disclosed a cybersecurity incident: Unauthorized occurrences detected on IT systems, threat actor encrypted some IT systems and stole data including personal data. Impact: Has had and is reasonably likely to continue to have a material impact on business operations; not yet determined whether reasonably likely to materially impact financial condition or results of operations. Materiality is still being assessed. Discovered 2023-12-13.

Nature: Unauthorized occurrences detected on IT systems, threat actor encrypted some IT systems and stole data including personal data.
Impact: Has had and is reasonably likely to continue to have a material impact on business operations; not yet determined whether reasonably likely to materially impact financial condition or results of operations.
Materiality: assessing
Discovery: 2023-12-13

Exact text from the filing

The Company has not yet determined whether the incident is reasonably likely to materially impact the Company’s financial condition or results of operations.

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2 cybersecurity incidents filed in the last 30 days. Browse all cybersecurity incidents →

V F CORP filing history →

Source: SEC EDGAR

accession 0000950123-23-011228

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