Italian fashion brand Ermenegildo Zegna confirmed the ransomware attack in August 2021, which led to an extensive failure of IT systems.
Details about the incident became known after the filing of SEC Form 424B3, which is designed to warn investors about the risks of business disruption and data leaks as a result of cyber attacks. The cyberattack occurred in August 2021, affecting most of the company’s IT systems.
According to representatives of Zegna, the company did not enter into negotiations with the attackers regarding the payment of the ransom, so they had to restore data from backups for several weeks after the incident.
Although Zegna reported unauthorized access to its systems at the time, only an SEC filing confirmed that it was a ransomware attack.
Last year, RansomEXX, an extortionate group, claimed responsibility for this attack. The stolen data was published on a data leak website in order to force the victim to pay a ransom. According to hackers, they managed to steal 20.74 GB of data.