Lessons from the Stoli Ransomware Attack: Why Cybersecurity is Critical for SMBs
In August 2024, the renowned vodka producer Stoli Group suffered a devastating ransomware attack that crippled its IT infrastructure and forced its U.S. subsidiaries into Chapter 11 bankruptcy. The attack disabled Stoli’s enterprise resource planning (ERP) system, forcing the company to rely on manual processes for critical operations like accounting.