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Asahi Takes Earnings Hit After Cyberattack, Flags Potential Data Breach

By Kim S. Nash

 

Welcome back. Japan's Asahi Group said the system disruption caused by a September ransomware attack had dragged core operating profit from its Japan and East Asia segment.

The food-and-beverage giant postponed the disclosure of detailed nine-month results as it couldn’t determine revenue and profit figures in those regions. Asahi aims to fully restore systems by February.

Personal data for 1.9 million current and former employees, family members and people who have called customer service might have been leaked. Read the WSJ story. 

Also today: 

  • South Korea investigates giant account breach at online retailer Coupang 
  • Gainsight vows transparency in Salesforce-related hacks
  • Campbell's fires cyber executive allegedly caught on tape disparaging the company's soup
  • Nursing home chain is out of luck with a cyber insurance claim
  • And more
 

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More Cyber News

PHOTO: JOSH SMITH/REUTERS

South Korean e-commerce company Coupang said Sunday that the personal data contained in 33.7 million customer accounts was exposed in a breach that began in June. The government's top data regulator held an emergency meeting with Coupang officials and is investigating whether security rules were violated. (Reuters)

Gainsight vows transparency: Gainsight, which makes customer data management tools, said it will continue to offer detailed explanations and guidance about a cyberattack on its products that has allowed unauthorized access to its customers' Salesforce systems.

  • Gainsight said it is working with a cyber company to investigate the incident and collate recommendations for customers experiencing potential hacks. 
  • Hackers have broken into more than 200 organizations, according to security researchers at Google. (TechCrunch)

Computer hardware maker ASUS issued fixes for a flaw in its popular AiCloud routers that could allow remote takeover of the devices to execute cyberattacks. (TechRadar)

Campbell’s said it fired the cybersecurity executive allegedly caught on audio disparaging the company’s products. The controversy involves a former cyber employee who leaked a tape of the executive. In the recording, vice president of information technology Martin Bally made racist comments about Indian co-workers, calling them “idiots,” during a meeting. He also said Campbell’s made “highly processed food” for “poor people.” Campbell’s said that, after a review, it believed the voice on the recording was Bally’s.

  • The former employee who leaked the tape, cybersecurity analyst Robert Garza, sued Campbell’s and Bally last week. Garza alleged that he was terminated earlier this year weeks after reporting Bally’s comments to his manager, whom he also sued. (WSJ)

PHOTO: IAN WEST/ZUMA PRESS

A Lloyd's of London insurer doesn't have to cover a client's claim related to a cyberattack on payroll tech provider Ultimate Kronos Group, an Illinois appeals court ruled. Nursing home chain Villa Financial Services LLC overpaid its employees by about $1.2 million after its Kronos software was disrupted in the 2021 hack. 

  • Villa later filed a claim under its cyber policy for the overage. The insurance company denied the claim, saying it wasn't a necessary expense related to the business disruption. The Appellate Court of Illinois in Chicago upheld a lower court's ruling that sided with the insurer. (Business Insurance)
  • Further reading from WSJ Pro: Cyberattack on Payroll Provider Sets Off Scramble Ahead of Holidays and Payroll Services Provider UKG Agrees to $6 Million Settlement in Data-Breach Lawsuit
7 Years and 4 Months

Prison sentence for a hacker who ran bogus WiFi networks in Australian airports to steal travelers' data, including social media credentials. The 44-year-old man was arrested last year by Australian police. (Bleeping Computer)

 

About Us

The WSJ Pro Cybersecurity team is Deputy Bureau Chief Kim S. Nash and reporters Angus Loten and James Rundle. Follow us on X @WSJCyber. Reach the team by replying to any newsletter you receive or by emailing Kim at kim.nash@wsj.com.

 
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