New information revealed about cybersecurity breach at Lee Enterprises – Cardinal News

ere due to a cyberattack when the SEC filing was posted on Tuesday.

The company’s stock price dropped 6.5% on Feb. 6 after more than two million shares changed hands. The stock price has since rebounded to its pre-attack level.

The cyberattack was the latest high-profile incident. Companies such as Sony and Target have fallen prey to cybersecurity attacks in recent years. Ransomware attacks have become increasingly popular among cybercriminals, who often demand payment in cryptocurrency.

Companies, especially those in sensitive industries, are increasingly beefing up their security measures. The FBI last week warned U.S. organizations about growing threats from the LockBit 2.0 ransomware, Fox News reported.

Former President Joe Biden’s February 2024 executive order called for new policies to improve U.S. cybersecurity and breach response practices.

Lee representatives have declined to provide further details beyond the SEC filing. The FBI and the Federal Trade Commission have declined to comment. The press office of Sen. Mark Warner, D-Va., has not responded to requests for comment.

Bob Brown, Lee Enterprises’ board chairman, has not returned a request for comment.

A South Dakota-based media company, Lee Enterprises owns 75 daily newspapers. Based on circulation figures from the Alliance for Audited Media, the largest are the St. Louis Post-Dispatch and the Arizona Daily Star. The New York Stock Exchange removed Lee Enterprises from the exchange on Jan. 21, 2022, due to non-compliance with exchange rules.

The famed actor Sidney Poitier, 94, died earlier this month. Poitier was the first Black winner of the Academy of Motion Picture Arts and Sciences’ Best Actor award. He won in 1964 for his role in “Lilies of the Field.” Poitier was also the first Black actor to become Hollywood’s top box office star.

Those looking to watch a classic Poitier film can find “To Sir, With Love,” “A Raisin in the Sun,” and “Guess Who’s Coming to Dinner” on streaming services. Earlier films, such as “Blackboard Jungle” and “No Way Out,” are available on disc.

Poitier’s groundbreaking role in “Guess Who’s Coming to Dinner” inspired “Get Out,” a 2017 Oscar-winning horror film that tackled racism. The movie was written and directed by Jordan Peele, who starred in “Key & Peele” and “Mad TV” and wrote “Keanu.” It starred Daniel Kaluuya, who won an Oscar for the movie.