Bassett Furniture Industries Says On July 10, 2024, It Detected Unauthorized Occurrences On Portion Of Its IT Systems - Filing

Upon detecting the unauthorized occurrences, the Company immediately began taking steps to contain, assess and remediate the incident, including beginning an investigation, activating its incident response plan, and shutting down some systems. The threat actor disrupted the Company’s business operations by encrypting some data files.

As a result of the Company’s containment measures, which included shutting down some systems, the Company has not been, and, as of the date of this report is not operating its manufacturing facilities.

The Company’s retail stores and e-commerce platform are open, and customers are able to place orders and purchase available merchandise; however, the Company’s ability to fulfill orders is currently impacted.

At this time, the Company does not believe personal information from consumers was compromised. As the investigation of the incident is ongoing, the full scope, nature and impact of the incident are not yet known.