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Empire says cost of Sobeys cybersecurity breach higher than initial estimates

Summary by Ground News
Sobeys parent company Empire Co. Ltd. says that the cost of a cybersecurity breach in November will be larger than previously estimated. The Stellarton, N.S.-based grocer previously estimated that the total costs to the business would be approximately $25-million after insurance. The company is still in the process of making claims under cyber insurance coverage and related policies.

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The Globe & MailThe Globe & Mail
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Empire says cost of Sobeys cybersecurity breach higher than initial estimates

The Stellarton, N.S.-based grocer says the hit from the breach will total $32-million after insurance recoveries, up from earlier estimates of $25-million

·Canada
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The Globe & Mail broke the news in Canada on Thursday, March 16, 2023.
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