VFC - Why Is VF Corp Stock Tumbling Today? | Benzinga
VF Corp (NYSE: VFC) stock is trading lower Monday amid reports of the parent company of brands like The North Face, Timberland, and Vans grappling with the aftermath of a cyberattack that has impacted its ability to fulfill orders.
The hiccup came in the middle of the critical holiday shopping period.
On December 13, 2023, VF Corporation detected unauthorized activities in some IT systems.
The company initiated measures to contain and assess the incident. It involved launching an investigation with leading cybersecurity experts, activating its incident response plan, and shutting down some systems.
The cyberattack disrupted VF's business operations by encrypting ...