H&M reportedly hit by cyberattack linked to same hackers as Asos breach
Swedish retailer H&M is said to have suffered a cyber intrusion attributed to the group that previously targeted British online fashion retailer Asos.
A cyberattack on H&M has been reported, with investigators linking the intrusion to the hackers responsible for the recent assault on UK fashion e-commerce firm Asos. The breach appears to have triggered a decline in H&M's stock on the Stockholm market, though the exact percentage drop was not specified. No further information about the scope of the attack, the data accessed, or remedial actions has been provided. The connection between the two incidents suggests a coordinated campaign against major apparel retailers. H&M and Asos have not issued detailed statements at this time.
Why it matters
A breach at a major retailer could expose customer data and affect market confidence.
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