Levi Strauss reveals cybersecurity breach amid wider wave of attacks

Aug 7 (Reuters) - Levi ‌Strauss on ​Friday ​disclosed a recent cybersecurity incident in which an unauthorized third party gained access ‌to the company's systems through a social engineering ⁠attack targeting three employees.

The apparel maker joins a growing ‌list of major firms worldwide ‌that are facing a rise in cyberattacks and ransomware incidents that steal sensitive data and disrupt operations.

Here ​are some more details:

• Levi Strauss said in a regulatory filing that it has implemented ⁠containment measures and launched an investigation, the preliminary findings of which ​showed that certain corporate information was accessed and extracted.

• The incident has not disrupted ​business operations and the company ‌does not expect a material impact on its operations or financial results, ⁠it said.

• Google and internet intelligence data reviewed by Reuters showed that ransom-seeking hackers who use phone calls ⁠to compromise victims targeted dozens of prominent U.S. financial institutions ​and other businesses over the past month. The data indicated cybercriminals created digital traps for more than 200 companies ‌in the past five weeks, including Levi Strauss.

• Levi's had raised its ‌annual net sales forecast last month, betting that ⁠demand for its premium ‌denim products would ​remain resilient among higher-income consumers.

(Reporting by Neil J Kanatt in Bengaluru; Editing by Shailesh ‌Kuber)

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