A major luxury menswear brand and one of the most known enterprises in Italy, the Ermenegildo Zegna Group, is comprised of the Ermenegildo Zegna and Zegna SpA companies.
Zegna was founded by the young entrepreneur Ermenegildo Zegna, in Trivero, near the Biella Alps, in 1910 with a vision to ethically create the world’s finest textiles through innovation and the direct sourcing of the noblest fibers from their respective markets of origin.
Today, the company has grown into a global luxury brand that includes everything from fabric to clothing to accessories.
The Italian luxury fashion brand Ermenegildo Zegna has admitted that it was the victim of a ransomware attack in August 2021 that caused widespread disruption of its IT systems.
The statement was made in a Form 424B3 filed with the Securities and Exchange Commission, which updates their investment prospectus to warn investors about the dangers of business interruption and data loss caused by sophisticated cyberattacks.
As the journalists at BleepingComputer explained, the paper uses the scenario of a ransomware assault on a company to illustrate the possible investment risks. The attack affected most of the company’s IT systems and caused a wide-scale disruption.
Zegna emphasizes that they did