Low cost retail large Greenback Tree denied that its methods had been impacted by ransomware after a cybercriminal operation claimed on Wednesday to have attacked the corporate.
An organization spokesperson advised Recorded Future Information that it’s conscious of the claims however stated they consider the group really focused 99 Cents Solely Shops — one other low cost buying chain that declared chapter final yr and has since shut down.
“The information referenced in these claims seem to contain former 99 Cents Solely workers. Greenback Tree’s involvement with 99 Cents Solely Shops is expounded to the acquisition of choose actual property lease rights following their closure,” the spokesperson stated.
“We didn’t purchase their company entity, methods/community, or information. Any allegation of Greenback Tree’s involvement is inaccurate.”
Emails despatched to accounts related to 99 Cents Solely Shops bounced again and the corporate now not has an internet site.
99 Cents Solely was based in 1982 and at its peak had practically 400 shops throughout California, Texas, Arizona and Nevada. The corporate filed for chapter final April and closed all of its shops in June 2024 as a consequence of monetary hardship.
Greenback Tree acquired the rights to 170 leases from 99 Cents Solely simply earlier than it closed and the deal was accepted by a chapter courtroom in Delaware. Greenback Tree’s press launch says it additionally “acquired the North American Mental Property of 99 Cents Solely Shops and choose on-site furnishings, fixtures, and gear.”
On Wednesday, the INC ransomware gang claimed on its leak website that it attacked Greenback Tree and exfiltrated 1.2 terabytes of delicate and private information.
The leak website submit contains samples of the stolen information, including scans of passports, and quotes the Greenback Tree press launch asserting its acquisition of 99 Cents Solely leases.
Greenback Tree is without doubt one of the most profitable retailers within the U.S., reporting $17.6 billion in gross sales during the last fiscal yr via its 9,000 shops within the U.S. and Canada.
In line with researchers at SentinelOne, the INC ransomware group emerged in July 2023, claiming high-profile assaults on firms like Japanese producer Yamaha Motor and a prominent Michigan hospital network.
Final fall, the ransomware gang targeted the Dutch conglomerate behind a number of main U.S. grocery store manufacturers — leaving dozens of shops struggling for days to function with out digital methods.
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