cyber
confidence high
sentiment negative
materiality 0.80
Bassett Furniture suffers cyber incident; manufacturing halted, order fulfillment impacted
BASSETT FURNITURE INDUSTRIES INC
- Detected unauthorized access on July 10, 2024; data files encrypted by threat actor.
- Containment measures included shutting down systems; manufacturing facilities not operating as of July 15.
- Retail stores and e-commerce open, but order fulfillment currently impacted.
- Company does not believe consumer personal information was compromised.
- Investigation ongoing; material impact on business but financial impact not yet determined.