Tempur Sealy resumes operations post cyber attack.
Tempur Sealy resumes operations post cyber attack.
Tempur Sealy International Resumes Normal Operations After Cyber Attack
Tempur Sealy International, the renowned mattress manufacturer, recently reported that it has successfully resumed normal operations after experiencing a cyber attack that prompted the temporary shutdown of certain information technology (IT) systems. The company disclosed this incident in a filing with the Securities and Exchange Commission on July 31.
The breach, which was identified on July 23, led Tempur Sealy to take immediate action by isolating the affected systems. The company has been conducting an ongoing forensic investigation to fully understand the extent of the breach and assess its potential impact on the business, operations, and financial results.
Protecting Personal Information
Tempur Sealy International has assured its customers that if any personal information was involved in the breach, it would comply with the necessary reporting obligations according to applicable laws. This commitment reflects the company’s dedication to data protection and maintaining the trust of its customers.
Despite the setback caused by the cyber attack, Tempur Sealy reported positive financial results for the second quarter. Net sales increased by 4.8% to $1.3 billion, and net income rose by 2% to $92 million compared to the same period last year. These results are particularly impressive given the slightly less robust market conditions than anticipated.
Scott Thompson, Chairman and CEO of Tempur Sealy International, acknowledged the challenging market environment but highlighted the company’s ability to outperform the global industry. This performance mitigated the negative impact of headwinds and indicates the company’s strong position in the market.
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Thompson further noted that Tempur Sealy is in the process of responding to a second request from the Federal Trade Commission (FTC) for additional information regarding its planned merger with rival Mattress Firm. The company remains optimistic about closing the transaction next year.
The cyber attack on Tempur Sealy comes in the wake of another recent data breach announced by the Centers for Medicare & Medicaid Services (CMS). This breach exposed the personal information of 612,000 Medicare recipients and millions of other healthcare consumers. CMS is actively working to notify affected individuals and has partnered with Maximus Federal Services to provide free credit monitoring services for two years.
Data breaches have become a growing concern in today’s digital age. Companies need to consistently review and strengthen their cybersecurity measures to protect the personal information of customers and maintain the trust of stakeholders.
In related news, the U.S. Securities and Exchange Commission has implemented new rules aimed at reducing investor costs when companies experience cyber attacks. These rules serve to emphasize the importance of proactive cybersecurity practices and prompt companies to invest in robust security systems.
Similarly, consumers must remain vigilant in protecting their personal information, especially when engaging in online transactions. Recent incidents, including the Amazon U.K. and DHL Australia data breaches, serve as reminders of the need for caution and awareness when sharing personal data online.
The recent cyber attack on Tempur Sealy International highlights the ongoing battle against cyber threats faced by businesses across various industries. It serves as a reminder of the importance of strong cybersecurity measures and the need for constant vigilance in the digital world.
Sources:
- New SEC Rules Aim to Curb Investor Costs When Companies Are Hacked
- Shoppers Should Stay Vigilant Amid Amazon U.K., DHL Australia Incidents
- Struggling LastPass Suffers New Data Breach. Is Your Account at Risk?
