Dick's Sporting Goods facing apparent cyberattack

Driving the news: Dick's filed an 8-K report with the Securities and Exchange Commission on Wednesday informing investors that it "discovered unauthorized third-party access" on its networks last week.

• That attack was able to access portions of the company's systems that have "certain confidential information," per the filing.
• Dick's also said that it has "no knowledge" that the incident disrupted business operations and believes the impact was not material.
• Dick's is continuing to work with third-party cybersecurity consultants to investigate the threat.

Between the lines: Dick's hasn't said what kind of incident it's responding to, but the language in the filing suggests it's most likely a cyberattack — and possibly ransomware.

• Typically, victim organizations wait a few days before publicly sharing specific details about an incident, including how it started and what operational impact it's had.
• BleepingComputer reported Wednesday that the company had locked all employees out of their accounts and shut down internal email systems.
• A spokesperson did not respond to a request for comment.

The big picture: Dick's is just the latest in a long string of major companies to face an incident this month — following Halliburton and Microchip Technology.