Ransomware attacks increasing in frequency, spreading in reach | Local
Ransomware attacks, like the one that cost Hanesbrands Inc. about $100 million in second-quarter sales, are increasing in frequency among corporations facing uncertain prospects of a complete restoration and recovery.
Ransomware is a type of malicious software employed by hackers that can block access to a computer system until a ransom is paid.
The Winston-Salem-based apparel manufacturer reported in a May 31 regulatory filing that it began experiencing the ransomware attack on May 24.
Hanesbrands disclosed Aug. 11 in its second-quarter earnings report that its global supply chain network and ability to fulfill customer orders were affected for about three weeks.
“At this time, we believe the incident has been contained,” the manufacturer said in a separate quarterly regulatory filing Aug. 11.
