Bassett Says Cybersecurity Incident Has Had And Is Reasonably Likely To Continue To Have Material Impact On Its Business Operations Until Recovery Efforts Are Completed
Portfolio Pulse from Benzinga Newsdesk
Bassett Furniture Industries (BSET) has reported a cybersecurity incident that has had a material impact on its business operations. The company expects this impact to continue until recovery efforts are completed.
July 15, 2024 | 9:11 pm
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Bassett Furniture Industries (BSET) has experienced a cybersecurity incident that is materially affecting its business operations. The company anticipates that the impact will persist until recovery efforts are finalized.
The cybersecurity incident has already had a material impact on BSET's business operations, and the company expects this to continue until recovery efforts are completed. This negative news is likely to affect investor sentiment and put downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100