Extracted from this filing and checked against the source text.
Cybersecurity Incidents
SEC 8-K Item 1.05
confidence 0.9
BASSETT FURNITURE INDUSTRIES INC disclosed a cybersecurity incident: detected unauthorized occurrences on a portion of its information technology systems, with a threat actor encrypting data files and disrupting business operations. Impact: the Company has not been and is not operating its manufacturing facilities; retail stores and e-commerce are open but order fulfillment is impacted; the incident has had and is reasonably likely to continue to have a material impact on business operations. Materiality is still being assessed. Discovered 2024-07-10.
- Nature
- detected unauthorized occurrences on a portion of its information technology systems, with a threat actor encrypting data files and disrupting business operations
- Impact
- the Company has not been and is not operating its manufacturing facilities; retail stores and e-commerce are open but order fulfillment is impacted; the incident has had and is reasonably likely to continue to have a material impact on business operations
- Materiality
- assessing
- Discovery
- 2024-07-10
Exact text from the filing
As of the date of this filing, the incident has had and is reasonably likely to continue to have a material impact on the Company’s business operations until recovery efforts are completed. 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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