Crimson Wine Group determines June cyber incident had material impact on operations; data exfiltrated

Crimson Wine Group, Ltd

On July 25, 2024, Crimson Wine Group determined the June 30 cyber incident likely had a material impact on business operations.
Unauthorized third party exfiltrated files potentially containing sensitive personal information; investigation ongoing.
Company shut down certain systems, causing disruption despite workarounds; operations substantially restored.
Company believes incident has not had material impact on overall financial condition or results of operations, and holds adequate cyber insurance.
Company faces risks including potential litigation, regulatory scrutiny, and changes in customer behavior.

Key facts

Extracted from this filing and checked against the source text.

Cybersecurity Incidents SEC 8-K Item 1.05 confidence 0.9

Crimson Wine Group, Ltd disclosed a cybersecurity incident: Unauthorized third party gained access to certain information systems and exfiltrated files potentially containing sensitive personal information. Impact: Likely had a material impact on business operations, causing disruption and system shutdowns; financial condition and results of operations not materially impacted. Company determined it material. Discovered 2024-06-30.

Nature: Unauthorized third party gained access to certain information systems and exfiltrated files potentially containing sensitive personal information.
Impact: Likely had a material impact on business operations, causing disruption and system shutdowns; financial condition and results of operations not materially impacted.
Materiality: determined material
Discovery: 2024-06-30

Exact text from the filing

the Company determined that the cybersecurity incident has likely had a material impact on the Company’s business operations.

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

Crimson Wine Group, Ltd filing history →

Source: SEC EDGAR

accession 0001562151-24-000032

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