Security Breach for Kathmandu

According to CERT NZ over 3445 business and individuals have reported some form of cybersecurity issues in 2018. This statistic is up 205 percent from 2017, and the latest target is one of the county’s most well-known outdoor brands.

Kathmandu reported a breach in their security, as an unknown third party gained access to customers’ personal information regarding payments with the retailer.

The company is currently investigating the invasion; however, they have also insisted that the process is not an easy one. “Whilst the independent forensic investigation is ongoing, we are notifying customers and relevant authorities as soon as practicable,” said Xavier Simonet, chief executive with Kathmandu. “As a company, Kathmandu takes the privacy of customer data extremely seriously and we unreservedly apologise to any customers who may have been impacted.”

Businesses have taken 35 percent of the cybersecurity issues in 2018, and Kathmandu’s stock prices have fallen 0.8 percent following the news.