Hasbro says it was hacked, and may take ‘several weeks’ to recover

The American toymaker disclosed it is implementing measures to secure operations after a cyberattack and indicated hackers may still be present in its systems. This raises operational and reputational risk and could lead to remediation costs or short-term supply/retail disruptions, posing a modest negative impact on the stock near-term.

Analysis

The American toymaker disclosed it is implementing measures to secure operations after a cyberattack and indicated hackers may still be present in its systems. This raises operational and reputational risk and could lead to remediation costs or short-term supply/retail disruptions, posing a modest negative impact on the stock near-term.