Hanesbrands says it suffered a ransomware attack on May 24 and has informed law enforcement

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Hanesbrands Inc. HBI, +2.81% said Tuesday it was the subject of a ransomware attack on May 24 and activated business continuity plans and incident response to contain it. Ina regulatory filing, the company said it has informed law enforcement and is cooperating with the investigation. The maker of mens and womens’ underwear has engaged legal counsel, a cybersecurity forensic form and other professionals. “As the Company is in the early stages of its investigation and assessment of this event, the Company cannot determine at this time whether or not such event will have a material impact on its business, operations or financial results,” said the filing. Shares fell 0.7% premarket and are down 27% in the year to date, while the S&P_ 500 SPX, +2.47% has fallen 13%.

This article was originally published by Marketwatch.com. Read the original article here.

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