cyber
confidence high
sentiment negative
materiality 0.70
Advance Auto Parts discloses data breach exposing SSNs of employees and applicants
ADVANCE AUTO PARTS INC
- Unauthorized activity detected May 23 in third-party cloud database; criminal actor offered data for sale June 4.
- Compromised files contain personal info including SSNs or government IDs of current/former applicants and employees.
- No material business interruption; company will notify affected individuals and offer credit monitoring.
- Expects ~$3 million expense in Q2 ending July 13, 2024 for response costs, largely covered by cyber insurance.