V.F. Corp shares are trading lower after the company announced that on December 13, it detected unauthorized occurrences on a portion of its IT systems and the threat actor disrupted business operations and stole data.
Portfolio Pulse from Benzinga Newsdesk
V.F. Corp's stock is trading lower following the company's announcement of unauthorized access to its IT systems on December 13, which led to business disruptions and data theft.
December 18, 2023 | 4:22 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
V.F. Corp experienced a cybersecurity incident that disrupted business operations and involved data theft, negatively impacting investor sentiment.
The announcement of a cybersecurity breach typically leads to a negative perception of a company's ability to safeguard its digital assets, which can result in a loss of investor confidence and a potential decrease in stock price. Given that the breach involved data theft and disrupted business operations, the impact is likely to be significant in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100