News and Updates on Information Technology

France – Tarkett

Exploit: Ransomware
Tarkett: Floor and wall covering producer

Risk to Small Business: 2.117 = Severe

A cyberattack has disrupted Tarkett’s operations, causing its shares to plummet. The attack, which occurred on April 29th, forced the company to disable its information technology systems and to implement other defensive measures to protect employee, company, and customer data. In response, the company has hired a third-party cybersecurity team to restore operations, but the expense triumvirate, including recovery, reputation, and share costs, could be significant.

Individual Risk: At this time, no personal information was compromised in the breach.

Customers Impacted: Unknown

How it Could Affect Your Customers’ Business: Tarkett has hired cybersecurity experts and has notified its cyber-insurance provider, but these measures won’t make their problems go away. Shareholders are recognizing the immense negative impact of a ransomware attack and bailing on the company, which has a long, arduous recovery ahead. Rather than waiting to respond to an attack, this incident, and hundreds like it, should encourage every organization to re-examine their defensive capabilities with this threat in mind.