Yum! Brands Says Cyber Attack Affected 300 UK Restaurants
Yum! Brands Inc (NYSE: YUM) said a cyber attack has led to the shutdown of about 300 restaurants in the United Kingdom for a day.
The ransomware attack affected the information technology system of the company.
YUM has initiated response protocols, including deploying containment measures such as taking certain systems offline and implementing enhanced monitoring technology.
The Taco Bell parent denied any evidence of tampering with customer databases.
The company also initiated an investigation, engaged the services of cybersecurity and forensics professionals, and notified Federal law enforcement.
YUM does not expect this event to have a material adverse impact on its business, operations, or financial results.
Price Action: YUM shares are trading lower by 0.45% at $128.14 on the last check Thursday.
Photo Via Company
Don't miss real-time alerts on your stocks - join Benzinga Pro for free! Try the tool that will help you invest smarter, faster, and better.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.