Business

After a cyberattack over the weekend, Brazil's Americanas restored only partially its e-commerce operations

In a statement on Wednesday, rating agency Fitch commented that Americanas' liquidity is strong, "which can support any temporary pressures on its sales."

Brazilian retailer Lojas Americanas's website — Photo: Shutterstock

Reuters

23.Feb.2022 15:18 BRT

Americanas shares soared on Wednesday, advancing 7.7% at 10:51 am. At the same time, the Ibovespa rose 0.7%;
The day before, the third day of compromised online operation, the company’s shares closed down by 5.4%.
On Monday, the loss was 6.6%.

One of the largest retailers in Brazil, Americanas, reported this Wednesday that it is working to restore its e-commerce systems after suffering a digital attack over the weekend that forced it to take its leading websites offline.

In the morning, the website “americanas.com” was available, but displayed at the top of the page the message: “We are gradually returning, making products and features available progressively, so you can buy safely.” At the same time, the address “submarino.com.br” was still unavailable.

“Americanas is gradually and safely re-establishing its e-commerce environments since Wednesday, suspended due to a security incident of which it was a victim between February 19 and 20,” the company said in a statement to the market, without giving details about the cost of the attack or when the company’s marketplace, responsible for more than half of Americanas sales, will be fully restored.

“There is no evidence of compromise of the databases. The teams remain mobilized, with all security protocols, and will act for the full recovery in the shortest possible time,” added the company.

Americanas shares soared on Wednesday, advancing 7.7% at 10:51 am. At the same time, the Ibovespa rose 0.7%. The day before, the third day of compromised online operation, the company’s shares closed down by 5.4%. On Monday, the loss was 6.6%.

In a statement on Wednesday, rating agency Fitch said that after the marketplace was suspended for three days, “some reputational damage is a possibility.” However, the agency also commented that Americanas’ liquidity is strong, “which can support any temporary pressures on its sales.”

(Translated by LABS)