Yum Brands closes restaurants after ransomware attack

Yum Brands Inc. has informed that a ransomware attack on certain information technology systems has forced the company to close nearly 300 restaurants in the United Kingdom for a day.
IT network security issues
Yum Brands did not reveal the name of the cyber security partner which is responsible for assisting the restaurant chain in managing such situations.

Yum Brands said all the stores are now operational. Yum Brands has initiated response protocols detection of the cyber security incident. It added an investigation had also been initiated while Federal law enforcement were notified.

Yum, which also owns the Pizza Hut chain and Taco Bell, did not specify which restaurants were impacted by the cyber attack.

The KFC parent said there was no evidence customer databases were stolen even though data was taken from the company’s network.

The company said the event was not expected to have a material adverse impact on its business, operations or financial results.

Yum Brands reported that sales grew 7 percent, with 5 percent same-store sales growth and 4 percent unit growth for the third quarter ended September 30, 2022. Third quarter operating profit grew 4 percent. Third quarter core operating profit grew 8 percent.

David Gibbs, CEO of Yum Brands, said: “System sales grew 10 percent excluding Russia, driven by strong demand for our brands, increased digital adoption and momentum on unit development.”

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