Dick's Sporting Goods (NYSE:DKS) reported today that it had detected unauthorized access to its information systems by a third-party, which involved confidential information.
Upon discovering the breach, the company swiftly activated its cybersecurity response plan and engaged external cybersecurity experts to investigate and manage the situation.
Despite the breach, Dick's Sporting Goods confirmed that there has been no disruption to its business operations.
The company has also informed federal law enforcement authorities about the incident.
While the investigation is still ongoing, the company currently does not consider the breach to be material to its operations.
Further updates are expected as more details become available from the ongoing investigation.
As of the time this report was compiled, Dick's Sporting Goods share price stood at $236.30, showing minimal change in early trading.