Coca-Cola Announces Fairlife Resumes Production After Cyberattack
The Coca-Cola Co. (KO) announced on July 27 that its dairy subsidiary, Fairlife, has resumed the majority of production at four U.S.-based factories following a cyberattack earlier in July. The company stated retail availability had largely remained unaffected due to existing inventory and confirmed no impact on product quality or safety. On July 16, Coca-Cola disclosed unauthorized access by an unnamed third party affecting parts of its network, including systems related to production. Last week, the Anubis ransomware group claimed responsibility for encrypting Fairlife's Nutanix systems and threatened to release stolen data unless a ransom was paid. Despite these threats, Coca-Cola said it believes the incident will not have a material impact on financial results or operations. Coca-Cola is set to report second-quarter earnings tomorrow.
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