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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

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