Krispy Kreme Inc. is experiencing operational challenges due to a cybersecurity breach that has disrupted its online ordering systems, affecting 15.5% of its revenue.
Despite a significant setback from the cybersecurity breach leading to a projected material impact on financial condition, Krispy Kreme remains optimistic with their cybersecurity insurance coverage.
The cyberattack on Krispy Kreme exemplifies the growing risk of cybercrime, which in 2024 has led to more than 3,200 data breaches affecting over 353 million individuals across various sectors.
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