Cyberattack likely to have ‘material impact’ on media giant Lee Enterprises’ bottom line

Lee Enterprises disclosed a cyberattack that began in early February in which threat actors accessed its network, exfiltrated files, and encrypted critical applications, causing delays and operational disruption across its portfolio of 72 newspapers and hundreds of weekly/specialty publications; the company is conducting a forensic investigation, expects a phased recovery, and warned the incident could have a material financial impact.