Brazilian e-commerce firm Americanas reports multimillion-dollar loss following cyberattack

Written by , Contributing Editor Angelica Mari Contributing Editor

Angelica Mari is a Brazil-based technology journalist. She started working at age 15 as a computer instructor and started writing professionally about technology two years later.

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Brazilian e-commerce conglomerate Americanas.com reported a multimillion-dollar loss in sales in its financial results on Friday after a major cyberattack earlier this year.

The company lost 923 million Brazilian reais ($183 million) in sales after two attacks that took place between February 19 and 20 and rendered its e-commerce operation unavailable. According to the company, physical stores continued to operate and the logistics arm of the company continued to deliver orders placed after the event.

“In order to add strength to our internal team and security partner companies in the resolution and investigation of this incident, we called on world-renowned experts with experience in situations like these,” the company said in its financial statement. 

According to Americanas, the operations started to be gradually restored on February 23 and activities fully resumed on the following day. “There is no evidence of other damages, beyond the

Read More: https://www.zdnet.com/article/brazilian-e-commerce-firm-americanas-reports-multimillion-dollar-loss-following-cyberattack/#ftag=RSSbaffb68