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Vodka Maker Stoli Says August Ransomware Attack Contributed To Bankruptcy Filing
A ransomware attack on the multinational Stoli Group in August helped push two of the vodka-maker's U.S. subsidiaries into bankruptcy, according to the company's CEO. From a report: In a Texas bankruptcy court filing on November 29, CEO Chris Caldwell attributed a range of external factors to the fi...
A ransomware attack on the multinational Stoli Group in August helped push two of the vodka-maker's U.S. subsidiaries into bankruptcy, according to the company's CEO. From a report: In a Texas bankruptcy court filing on November 29, CEO Chris Caldwell attributed a range of external factors to the financial woes of Stoli Group USA and Kentucky Owl (KO) -- which are facing $84 million in debt. "In August 2024, the Stoli Group's IT infrastructure suffered severe disruption in the wake of a data breach and ransomware attack," Caldwell said in the filing.
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