Latest news with #TheNorthFace
The Sun
3 hours ago
- Business
- The Sun
Jeweller Cartier and The North Face latest victims of cyber attacks
Jeweller Cartier and fashion brand The North Face are the latest victims of cyber attacks. Cartier, whose watches are worn by stars such as Cate Blanchett, said: 'An unauthorised party gained temporary access to our system. 4 "We contained the issue and further enhanced the protection of our systems and data.' North Face said it discovered a 'small-scale' attack in April. It advised customers to change their passwords. Both brands said customer names and email addresses were taken, but not financial information. It is the latest in a wave of attacks that began with Marks And Spencer and the Co-Op facing severe disruption in April. Last week, Adidas was also hit. Global cybersecurity adviser Jake Moore said: 'It remains a race against time to get businesses better protected.' 4 Thames rescue down the gurgler Thames Water has been plunged into further crisis after a £4billion rescue deal collapsed yesterday. US private equity giant KKR pulled out of plans to buy the firm, raising fears Thames will need emergency government help. 4 The company was fined a record £122.7million last week and is £19billion in debt. Britain's biggest water supplier, which has 16 million customers, has faced public fury over leaks, sewage spills, soaring bills and failed infrastructure upgrades, as well as dodgy dividend payments. Thames is now trying to finalise an alternative plan drawn up by lenders. Chairman Sir Adrian Montague said: 'While today's news is disappointing, we continue to believe a sustainable recapitalisation of the company is in the best interests of all stakeholders and continue to work to achieve that goal.' Environment Secretary Steve Reed said nationalisation was not the answer and insisted Thames remains 'a stable, ongoing company'. But he said ministers are 'ready for any eventuality'. Water watchdog Ofwat said it is liaising with the firm on its next steps 'to ensure its equity raise process continues to secure improved financial resilience and performance'. Thames was fined a record £122.7million by Ofwat last week after it broke rules over sewage treatment and paying out dividends. The firm increased consumer water bills for customers by an average of 31 per cent in April. Russ Mould, of AJ Bell, said: 'KKR's U-turn is a surprise, given its investment seemed like a done deal.' Sinking feeling The owner of South West Water has seen losses deepen after it was hit by a parasite outbreak in Devon. Pennon unveiled a pre-tax loss of £72.7million for the year to the end of March, after a £9.1million loss 12 months ago. It paid out £21million following last year's incident in Brixham, which left people in hospital. Bosses said 800 staff spent eight weeks making the water safe to drink. It increased bills by 28 per cent on average in April, saying it needed to fund infrastructure investment. Probe on UK solar company The Serious Fraud Office is investigating UK solar farm firm Rockfire Investment Finance after a struggling council invested hundreds of millions of pounds. Thurrock Council in Essex was effectively declared bankrupt in December 2022 with debts of more than £1billion. 4 It invested through a bond scheme sold by Rockfire Investment Finance and other companies in the Rockfire Group between 2016 and 2020. Rockfire offered returns of up to 6 per cent on renewable energy bonds as well as the return of the initial bond cost. The group has since gone into liquidation, the SFO said. Its director Nick Ephgrave said: 'This is a significant step in our investigation concerning this suspected criminality.' Thurrock Council is taking Rockfire and its former director to court in a separate case. It said it has recovered £650million of public money. No room for bid… Ireland's biggest hotel chain Dalata yesterday rejected a £1.1billion bid from a Norwegian and Swedish consortium. After Dalata declined the offer from Pandox and Eiendomsspar its shares soared 11 per cent, but they fell back slightly. The firm runs 55 hotels under the Maldron Hotel and Clayton Hotel brands. It said it continues to engage in 'constructive discussions' with other parties. Nicotine boost Rising sales of oral nicotine pouches have helped boost cigarette maker British American Tobacco. The flavoured products are placed between the gum and lip so nicotine can be absorbed through the mouth. BAT, which still makes most of its money from cigarettes, said revenues could grow 2 per cent, twice as much as previously forecast. But boss Tadeu Marroco said BAT's vape sales were being affected by illegal products in the US and Canada and urged crackdowns. Car insurance price quotes fell 11 per cent over the past year with over-50s benefiting most. Prices for older folk fell 26 per cent, while under-25s only benefited from a 3.4 per cent drop. Consumer Intelligence said 'competition remains strong'. Gleeson slump Shares in housebuilder MJ Gleeson slumped more than a fifth yesterday after it issued a profit warning. The group said it faced a 15 to 20 per cent hit to its profits this year after higher build costs, flatter selling prices and several bulk sale transactions. Gleeson, which specialises in building low-cost homes and land promotion, warned planning delays will continue to affect the business next year. It said the 'pace of the housing market recovery has not been sufficient' to offset 'a number of headwinds'.
Fashion United
9 hours ago
- Business
- Fashion United
The North Face and Cartier join growing list of cyber attack targets
Sports brand The North Face and jewellery label Cartier are said to have become the latest fashion retailers to face cyber attacks. According to the BBC, North Face had contacted some customers revealing that it had discovered a 'small-scale' attack in April. Hackers were reported to have targeted the brand through 'credential stuffing', a technique where attackers try usernames and passwords from another data breach in the hope customers will have used the same passwords. North Face noted that the attackers may have been able to gain access to some users' shipping addresses and purchase histories, and as such, impacted customers were urged to change their passwords. In an email to customers seen by the BBC, meanwhile, Cartier said 'an unauthorised party gained temporary access to our system' and 'obtained limited client information', not including financial data. Before noting that the incident had been reported to the relevant authorities, Cartier added: 'We contained the issue and have further enhanced the protection of our systems and data.' North Face and Cartier join the likes of Adidas, Harrods, Dior, Victoria's Secret and Marks & Spencer in a growing list of fashion retailers to have reported data breaches over the past two months. While it now seems that North Face had also been tackling an incident as early April, initially a suspected ransomware attack at Marks & Spencer had first appeared to have triggered the chain reaction. The British department store retailer has since seen over 1.2 billion pounds shed off its market value, while CEO Stuart Machin is further said to be facing a 1.1 million pound pay reduction in the incident's wake. FashionUnited has contacted The North Face's parent company VF Corp and Cartier with requests to comment.
Daily Mail
10 hours ago
- Business
- Daily Mail
The North Face and Cartier are latest brands to be crippled by cyber attacks - as M&S still reeling from data theft
Luxury jewellery firm Cartier and outdoor retailer The North Face today became the latest retailers to report customer data being stolen in cyber attacks. The companies revealed hacks after a string of attacks in recent weeks on retailers including Marks & Spencer, Co-op, Harrods, Dior, Adidas and Victoria's Secret. Watchmaker Cartier told customers in an email that 'an unauthorised party gained temporary access' to its system and 'obtained limited client information'. The firm - whose items have been worn by Taylor Swift, Angelina Jolie and Michelle Obama - revealed names, email addresses and countries had been obtained. But Cartier, which is owned by Swiss-based Richemont, said the 'affected information did not include any passwords, credit card details or other banking information'. The company said it further enhanced the protection of its systems and data, told the relevant authorities and was working with 'leading external cyber security experts'. Separately, fashion brand The North Face, owned by VF Corporation, emailed some of its customers to tell them it discovered a 'small scale' attack in April this year. The brand said names and email addresses were taken, but financial details were not - with the company revealing hackers used 'credential stuffing', reported BBC News. The North Face (pictured on Regent Street in London) has also suffered a recent cyber attack This involves trying usernames and passwords stolen from another data breach in the hope customers have reused the credentials across multiple accounts. North Face said attackers may have got hold of some customers' postal addresses and purchase histories. What is 'credential stuffing' and how can you protect yourself against it online? The North Face confirmed hackers used the 'credential stuffing' method during a cyber attack on the company. This is where criminals take advantage of people who use the same username and password on multiple accounts. If one set of credentials is stolen during a hack, the attackers may then try using those details again in a new attack - with the hope customers have reused them on different accounts. By fraudulently gaining valid credentials on one site, and using them successfully on other sites, an attacker can then access more accounts. The primary motivation is financial, but it can also lead to identity theft. Anyone caught up in such an attack is urged to change their passwords immediately - especially if they match vital accounts like email or banking. They should be on alert for scam emails, texts or even fake calls. Experts also advise people to avoid using the same password on different sites, to become better protected. Cyber security expert Julius Cerniauskas, chief executive of web intelligence firm Oxylabs, told MailOnline that the latest breaches 'send a clear message that no brand is safe from cybercrime, not even the biggest names with the deepest pockets'. He added: 'Attackers are becoming more opportunistic and sophisticated, targeting brands that hold valuable customer data, not just credit card numbers. 'In the case of The North Face, credential stuffing shows how recycled passwords from past breaches continue to fuel new attacks. 'Cartier's incident demonstrates how even well-defended systems can be compromised. Whether it's luxury retail or everyday consumer brands, hackers are finding weak spots and exploiting them fast.' Mr Cerniauskas urged retailers to 'respond with more than apologies', encouraging them to enforce multi-factor authentication, tighten access controls and constantly monitor for threats. Speaking further about 'credential stuffing', Joe Jones, chief executive and founder of Pistachio, a cybersecurity attack simulation company, said consumers reusing passwords across multiple sites were a 'sitting duck' for breaches of this type. He told MailOnline: 'Credential stuffing, the method used here, only works because people reuse the same login details. 'If you've been caught in this breach, change your passwords immediately - especially if they match accounts like email or banking. 'Enable app-based two-factor authentication, not SMS, and remain hyper alert to scam emails, texts or even fake calls.' Mr Jones added: 'Hackers don't need your card details to do damage. With access to your name, email and order history, they can craft realistic phishing attempts that look and sound legitimate. This is how trust is weaponised.' Also today, lingerie retailer Victoria's Secret confirmed that a security incident relating to its information technology systems led it to temporarily shut down its website for a few days last week. The company said it shut down corporate systems and e-commerce website on May 26 and immediately enacted response protocols to contain and prevent unauthorised network access. Its website was restored on May 29. Victoria's Secret said the breach did not impact its financial results for the first quarter or cause a material disruption to its operations, but the second quarter could be hit by the additional expenses incurred following the incident. Meanwhile Marks and Spencer has faced heavy disruption since the Easter weekend after being struck by a major cyber attack which is expected to cost it about £300million in reduced profits. M&S, which runs 565 stores across the UK, halted orders on its website and saw empty shelves after being targeted by hackers. Customer personal data, which could have included names, email addresses, postal addresses and dates of birth, was also taken by hackers in the attack. M&S is still unable to process any online orders, although it is understood the retailer is hoping to partly restore this within two to three weeks. The firm is also now holding in-store recruitment open days to fill vacant positions at some stores in England because its online portal cannot take applications, reported The Grocer. An M&S branch in Peterborogh said in a social media post: 'There is no need to book - just turn up in between the timeframe and head to the top floor till points to get signed in and then a member of staff will help you.' Another store in Bristol asked potential applicants to drop off their CV in person for one of the 'part-time and full-time vacancies available in our food department'.
The Verge
a day ago
- Business
- The Verge
Which fashion brand hasn't been hacked recently?
Which fashion brand hasn't been hacked recently? Now, Bleeping Computer has two more to add to the list, reporting that Cartier has sent emails to customers informing them that info like name, email address, and country of residence was stolen, and that The North Face has apparently suffered its fourth reported credential stuffing incident since 2020.
Yahoo
4 days ago
- Business
- Yahoo
Jim Cramer on V.F. Corporation (VFC): 'We're Still in a Holding Pattern'
We recently published a list of . In this article, we are going to take a look at where V.F. Corporation (NYSE:VFC) stands against other stocks that Jim Cramer discusses. While discussing V.F. Corporation (NYSE:VFC), Cramer said that he needs to see some positive sales growth before he is bullish on the company again. 'The apparel and footwear retailers, they've struggled…. Why don't we start with V.F. Corp?…. For the past couple of years, I've been rooting for V.F. Corp ever since they brought in Bracken Darrell from Logitech to take over CEO. I figured he could eventually turn things around, and eventually is the operative word here, and around this time last year, V.F. Corp started to get back on track… A model walking down the runway wearing a fashionable and performance-based apparel designed by the company. V.F. Corporation (NYSE:VFC) designs and sells branded apparel, footwear, and accessories for all ages. The company features famous brands like The North Face, Vans, and Timberland. Overall, VFC ranks 8th on our list of stocks that Jim Cramer discusses. While we acknowledge the potential of VFC as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than VFC and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
