LISTEN: Stoli is Bankrupt and a Ransomware Attack May Be to Blame

Established in 1938, Stoli Vodka has long been a fixture on the liquor market, though it appears it will need more than its legacy to carry it into the next generation.Stoli Group has revealed that its U.S. subsidiaries, Stoli Group USA and Kentucky Owl, have filed for Chapter 11 bankruptcy and while the reasons behind the decision are diverse, one stands out: Stoli USA says a ransomware attack played a role.A November filing contends that an August attack on the firm prevented the U.S. subsidiaries from complying with their lenders’ reporting requirements. According to the CyberRisk Alliance, the attack was “not widely reported and has not been claimed by or attributed to any specific ransomware group.”