The parent company of Sobeys said its investigation into the Nov. 4 breach—which shut down pharmacy services for four days and some in-store services, including self-checkouts, for about a week—is ongoing. (The Logic)
The parent company of Sobeys said its investigation into the Nov. 4 breach—which shut down pharmacy services for four days and some in-store services, including self-checkouts, for about a week—is ongoing. (The Logic)
The parent company of Sobeys said its investigation into the Nov. 4 breach—which shut down pharmacy services for four days and some in-store services, including self-checkouts, for about a week—is ongoing. (The Logic)
Talking point: The $25-million impact on its 2023 net earnings does not include insurance recoveries, the company said. Empire had first called the incident an “information technology systems issue,” but CBC, quoting employees, reported that it was a ransomware attack. Empire said Thursday in its second-quarter earnings release that its security teams worked with leading cyber-defense teams, and the company continues to bring information and administrative systems back online in phases. Its net earnings for the quarter totalled nearly $190 million, up from roughly $175 million in the same time last year. The company saw double-digit growth for its Voilà grocery-delivery service, while same-store sales not including fuel grew 3.1 per cent. Empire also announced it is selling its 56 Western Canada fuel sites to a Shell Canada subsidiary for about $100 million.
Loading...
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseIf you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseYou have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.