this post was submitted on 10 Dec 2024
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Top vodka brand Stoli files for bankruptcy following ransomware attack (www.techradar.com)
submitted 1 month ago by ByteOnBikes@slrpnk.net to c/technology@lemmy.world
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Stoli, a top vodka brand with a presence across the world, filed for bankruptcy last week - with an apparent cybersecurity incident among the reasons.

In the bankruptcy filing, the company listed many reasons for its financial failings, including legal disputes with the Russian government, the country’s confiscation of two distilleries worth around $100 million, and a ransomware attack that allegedly happened in August 2024.

In the official document filed with the Texas bankruptcy court late last month, the company’s CEO Chris Caldwell discussed the cyberattack. “In August 2024, the Stoli Group's IT infrastructure suffered severe disruption in the wake of a data breach and ransomware attack,” he said.

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[–] pelya@lemmy.world 19 points 1 month ago

In Russia, bad hackers are promoted to infantry. They also cannot make a decent living elsewhere, because they are conscripted and cannot leave the country.