Company News, Financial News

Estée Lauder Cos. Says Cyberattack Is Contained

ALPHV/BlackCat and Clop groups claimed responsibility.

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By: TOM BRANNA

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A July cyberattack on the Estée Lauder Cos. system was contained, according to CFO Tracey T. Travis during the company’s Q4 conference call with analysts. As previously reported, ELC identified the incident last month. The company hasn’t confirmed the perpetrator, but ALPHV/BlackCat and Clop groups claimed credit for the attack on the dark web. In addition to ELC, the groups hit an airline, a communications regulator, hard drive storage provider and others. ALPHV/BlackCat and Clop are ransomw...

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