Victoria’s Secret Bounces Back: Cyberattack Can’t Steal Their Thunder!
Victoria’s Secret has bounced back after a May 24 security incident, restoring critical systems and promising that its fiscal year won’t be a fashion disaster. Despite a slight delay in quarterly earnings due to the cyber hiccup, the company remains confident in its $6.3 billion sales forecast for 2025.
Hot Take:
Victoria’s Secret may have had a wardrobe malfunction of the digital kind, but they’ve managed to stitch it all back together just in time for their fiscal runway debut. This cyber catwalk disruption might have been a close call, but luckily, no major fashion faux pas from the financial side. Turns out, even cyber crooks can’t keep a good lingerie brand down!
Key Points:
- Victoria’s Secret experienced a security incident on May 24, impacting corporate and e-commerce systems.
- All critical systems have been restored with the help of external cybersecurity experts.
- The company forecasts no significant fiscal impact from the cyberattack.
- Quarterly earnings release was delayed due to system inaccessibility.
- The incident is part of a broader trend of cyberattacks targeting fashion and retail brands.
Already a member? Log in here