Advance Auto Parts Identifies Unauthorized Activity In Third-Party Cloud Database, Launches Investigation; Criminal Threat Actor Offers Alleged Company Data For Sale; No Material Business Interruption
Portfolio Pulse from Benzinga Newsdesk
Advance Auto Parts (AAP) has identified unauthorized activity in a third-party cloud database and has launched an investigation. A criminal threat actor has allegedly offered company data for sale. However, there has been no material business interruption reported.
June 14, 2024 | 8:10 pm
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Advance Auto Parts (AAP) has detected unauthorized activity in a third-party cloud database and is investigating the incident. A criminal threat actor has allegedly offered company data for sale, but there has been no material business interruption.
The detection of unauthorized activity and the potential sale of company data by a criminal threat actor could raise concerns about data security and lead to short-term negative sentiment among investors. However, the lack of material business interruption may mitigate some of the negative impact.
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IMPORTANCE 80
RELEVANCE 100