On Aug. 7 Levi Strauss disclosed a cybersecurity breach in which an unauthorized third party gained access to the company’s systems through a social engineering attack that targeted three employees.
Levi Strauss cybersecurity incident details
Levi Strauss said in a regulatory filing that it has implemented containment measures and opened an investigation. Preliminary findings indicated that certain corporate information was accessed and extracted. The company said the incident has not disrupted business operations and that it does not expect a material impact on its operations or financial results.
Broader pattern of phone-based ransom attacks
Google and internet intelligence data showed that ransom-seeking hackers using phone calls to compromise victims targeted dozens of prominent U.S. financial institutions and other businesses over the past month. The data indicated cybercriminals created digital traps for more than 200 companies in the past five weeks, including Levi Strauss.
Levi’s had raised its annual net sales forecast last month, citing an expectation that demand for its premium denim products would remain resilient among higher-income consumers.
