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Whole Foods Distributor United Natural Foods Stock Dives on Cyberattack News

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Shares of United Natural Foods sank Monday after the company said its business operations were disrupted by "unauthorized activity" on its IT systems.
United Natural Foods, Inc. (UNFI), a major distributor for Whole Foods, experienced a significant stock price drop of over 5% following the announcement of a cybersecurity attack that disrupted its operations. The attack, which occurred on April 25, 2023, affected UNFI's ordering systems, leading to delays in order fulfillment and potential impacts on product availability. The company is actively working to resolve the issue and has engaged third-party cybersecurity experts to investigate the breach and enhance system security. UNFI reassured stakeholders that it is taking steps to mitigate the impact on customers and operations, although the full extent of the damage and the financial implications remain uncertain.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/whole-foods-distributor-united-natural-foods-stock-dives-on-cyberattack-news-11750740 ]