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Hanesbrands Discloses Ransomware Attack

May 31, 2022 at 17:14 PM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Incident response strategies and business continuity plans were implemented to mitigate the ransomware assault on May 24 at Hanesbrands Inc. (NYSE: HBI) -2.23 percent.

Company officials say they’ve notified law police and are working with the inquiry, according to a regulatory filing. The underwear manufacturer has retained professionals such as lawyers and cybercrime forensics experts.

Because “the Company is in the early stages of evaluating this occurrence and cannot yet identify whether such an incident would affect its company, operations, or financial results,” it said in the filing. The S&P_ 500 SPX, -0.96 percent, has dropped 13 percent, while shares fell 0.7 percent premarket. They are down 27 percent for the year.

EW Healthcare Partners has agreed to acquire TherapeuticsMD Inc. for $177 million, the company said on Tuesday.

TherapeuticsMD’s stock (NASDAQ: TXMD) recently traded at $9.70 per share. The stock has lost 46.8 percent this year and 84.2 percent over the previous year.

The post Hanesbrands Discloses Ransomware Attack appeared first on Best Stocks.

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