Wine-maker Pernod Ricard SA’s London office hit by cyber attack

Wine-maker Pernod Ricard SA’s London office hit by cyber attack

Pernod Ricard SA's London office hit by cyber attack

Pernod Ricard SA, the producer of Chivas Regal Scotch whiskey and Absolut vodka, was hit by a major cyber attack yesterday that disrupted the distillery’s operations and resulted in its share prices falling by 2.1%.

Several UK employees of Pernod Ricard SA have had to turn in their computers for inspection following the cyber attack.

The London office of Pernod Ricard, the world’s number 2 maker of wines and spirits, was hit by yesterday’s cyber attack, disrupting operations. First revealed by Bloomberg, aside from the distiller’s London office, the cyber attack may have targeted sites in other UK cities as well.

875,000 UK small and medium businesses suffered cyber breaches in the last 12 months

Pernod Ricard is yet to release an official statement on the cyber attack and its true impact on the company’s operations. However, it is believed that the cyber attack will not dent the company’s sales for the financial year ending June 30 which the company will announce later this month.

Earlier this year, other international consumer goods companies like Beiersdorf AG and Reckitt Benckiser Group Plc were targeted by cyber attacks. While Beiersdorf AG, the maker of popular skin care products such as Nivea, Nivea Men, Eucerin, and Elastoplast announced losses of about 35 million euros due to IT disruptions, Reckitt Benckiser Group Plc, the maker of Durex condoms, suffered a loss of around 90 million pounds in the last financial year.

Government mulls fresh strategy to secure critical national infrastructure from cyber attacks

“Disruption of a similar magnitude would not have any material impact on our valuation of Pernod, assuming that the sales were recouped within a year,” said Philip Gorham, director of equity research for Ibbotson Associates Japan.

We have reached out to Pernod Ricard SA for an official statement on the cyber attack, how many systems were affected and whether any customer data was lost as a result of the hack. We will update this article once we receive a response from them.

Copyright Lyonsdown Limited 2021

Top Articles

RockYou2021 data leak: 8.4 billion passwords compromised

A report shows that 100GB of data which includes 8.4 billion passwords have been recently leaked on the internet, people are being encouraged to secure their accounts.

Hackers Breach Electronic Arts & Steal Game Code

Electronic Arts, one of the world's biggest video game publishers including games such as FIFA, Madden, Sims and Medal of Honor, are the latest company to be hacked.

JBS Foods paid £7.7m in ransom to REvil ransomware gang

JBS Foods, the world’s largest processor of beef and poultry products, has admitted to paying a ransom of $11 million to cyber criminals, a week after it announced that operations…

Related Articles

[s2Member-Login login_redirect=”” /]