Victoria's Secret's online services remain offline following a cyberattack, prompting an 8% drop in its stock price. The company has proactively shut down its website and some in-store services while maintaining physical store operations. Shoppers reported disruptions on social media earlier in the week. This incident highlights a broader trend of cyberattacks on major retailers, including a recent attack on Marks & Spencer that affected customer data. Experts emphasize the need for improved security among retailers, particularly regarding third-party systems.
Ransomware attacks have increased in recent years, highlighting vulnerabilities in retail systems that often rely on third-party providers, raising security concerns among consumers.
The cyberattack on Victoria's Secret disrupts online sales, reflecting ongoing challenges retailers face. Increased incidents suggest that companies need to improve data security and system compartmentalization.
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