Hackers find hole in Krispy Kreme Doughnuts' cyber-security

Published On Dec 11, 2024, 12:05 PM

Krispy Kreme recently reported a cyberattack that has affected its online systems, causing disruptions in online orders. The company has stated that it is working to resolve the issues and has cybersecurity insurance to help offset costs related to the incident. While this breach could impact business operations, physical stores continue to operate normally.

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The cyber incident may negatively impact Krispy Kreme's sales, especially in the digital space, leading to potential revenue losses. This could result in short-term pressure on the stock price as investors react to operational disruptions. However, the company's established presence and commitment to resolving cybersecurity issues may mitigate long-term effects.

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