Newlat Food S.p.A. Suffers Ransomware Attack

Company Overview

Newlat Food S.p.A. is a leading company in the agri-food sector, with operations in Italy, Germany, the United Kingdom, and internationally. The company's portfolio includes a range of products, such as dairy products, grains, and infant food, among others.

Company Size and Vulnerabilities

Newlat Food S.p.A. is a significant player in the food industry, with a reported revenue of 741.1 million euros in 2022. Despite its size and market presence, the company has been vulnerable to cyber attacks, as evidenced by the Conti ransomware attack.

Industry Standout

Newlat Food S.p.A. is known for its innovative and growing portfolio of brands, which includes market leaders in various categories. The company's focus on sustainability and its presence in multiple countries make it a notable player in the food industry.

Impact of the Attack

The ransomware attack on Newlat Food S.p.A. has not been publicly disclosed in detail, but it is known that the company's website was affected. The impact of the attack on the company's operations and financials is not yet clear.

Mitigating Ransomware Attacks

To protect against ransomware attacks, companies should employ a data-centric information protection model. Focusing solely on perimeter or systems security is outdated. Implementing a multi-faceted information security framework, such as Myota's Converged Data Security Platform, can help organizations avoid the high costs of ransom payments and minimize the impact of an attack.

Sources

• Newlat Food S.p.A. - Official Website
• Newlat Food S.p.A. - MarketScreener
• Newlat Food halts negotiations for Princes acquisition - MarketScreener
• Cyber attacco all'italiana Newlat. 2GB di dati pubblicati da Conti.
• NEW Cooperative ransomware attack threatens US food supply - Myota
• It's A Story Of Risk Vs Reward With Newlat Food S.p.A. (BIT:NWL) - Simply Wall St