Speciality Bakery Chain Hacked

Uploaded on 2024-12-13 in NEWS-Cybersecurity News, FREE TO VIEW, BUSINESS-Production-Manufacturing

The Krispy Kreme Doughnut chain has reported that it has been hacked by a cyber attack that disrupted its online systems.

Numerous US customers were unable to place online orders following the attack, which occurred at the end of November 2024, and has only now been disclosed.

Krispy Kreme revealed that they were attacked in a regulatory filing with the US Securities and Exchanges Commission (SEC), in which it said the incident had a serious impact on the firm's business operations.

"We're experiencing certain operational disruptions due to a cybersecurity incident, including with online ordering in parts of the United States," reads a message on the Krispy Kreme website. "We know this is an inconvenience and are working diligently to resolve the issue." To date, no criminal groups have claimed responsibility for the hack.

Krispy Kreme stated in its SEC filing that it has cyber security insurance, which it said it hopes will reduce some of the costs resulting from the breach.

Expected costs include lost revenue from online sales, costs for cybersecurity experts and any system restoration costs. Their insurance "is expected to offset a portion of the costs of the incident," the company said.
Shares of the company were down about 2% recently and are down 33% so far in 2024.

Krispy Kreme is a national retail chain in the US and has more than 1,400 shops worldwide, including 120 locations in the UK where it is largest speciality doughnut retailer in the country

Image: @krispykreme

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