Vodka maker Stoli files for bankruptcy in US after ransomware attack

Caute_cautim — Thu, 05 Dec 2024 22:59:24 GMT

Hi All

Stoli Group's U.S. companies have filed for bankruptcy following an August ransomware attack and Russian authorities seizing the company's remaining distilleries in the country.

As Chris Caldwell, the President and Global Chief Executive Officer of Stoli USA and Kentucky Owl, the two Stoli Group subsidiaries, said in a Friday filing, this comes after the August attack severely disrupted its IT systems, including its enterprise resource planning (ERP) platform.

https://www.bleepingcomputer.com/news/security/vodka-maker-stoli-files-for-bankruptcy-in-us-after-ransomware-attack/amp/

So no contingency plan and it appears no incident response plan neither.

Was Cyber Security Insurance available or were the premiums too high?

Regards

Caute_Cautim

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Vodka maker Stoli files for bankruptcy in US after ransomware attack