Story
Fairlife Resumes Production at US Plants After Cyberattack, Coca-Cola Says
Summary
Coca-Cola's dairy brand, fairlife, has restarted most operations at four U.S. facilities following a production halt caused by a cyberattack. The beverage giant does not expect the incident to have a material financial impact.
The Coca-Cola Company (NYSE: KO) announced Monday that its dairy subsidiary, fairlife, has resumed most production at four U.S. facilities where operations were halted by a cybersecurity incident. The company stated that the disruption is not expected to have a material impact on its financial condition or results.
Details of the Disruption
Earlier this month, fairlife detected unauthorized third-party access on some of its systems, prompting an immediate halt to domestic production. The Chicago-based company launched an investigation with the assistance of external cybersecurity experts to address the breach.
According to Coca-Cola, which wholly owns the brand, the incident did not affect the quality or safety of fairlife products. The company leveraged its existing inventory to maintain the availability of its products at retail locations during the operational pause.
AdBreach Claim and Company Response
A hacking group identified as Anubis previously claimed responsibility for the attack, stating it had stolen 1 terabyte of data from fairlife. The claim highlights the growing threat of ransomware and data theft attacks targeting major corporations.
In its statement, Coca-Cola confirmed that fairlife is actively working to restore all impacted systems and operations. The announcement comes just a day before Coca-Cola is scheduled to report its second-quarter earnings results to investors.
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