United Kingdom
TFG London
Fashion retail brands are firmly in the crosshairs of cybercriminals, with retail giants TFG London and H&M both investigating separate cyber incidents.
TFG London, the UK arm of retail conglomerate The Foschini Group and the owner of high-end fashion brands, including Hobbs, Whistles, and Phase Eight, confirmed it is investigating a cybersecurity incident that affected some of its IT systems. The brand said that while some website capabilities may be temporarily unavailable, its stores are operating as normal. H&M is also separately investigating a claim that it was targeted by a notorious hacking group.
The attacks add to a growing pattern of cybercriminals targeting fashion retail brands. Online fashion retailer Asos is also currently investigating unauthorized access to its app system, as reported last week.
How it could affect your business
Retail brands sit on a treasure trove of customer data, including names, contact details, purchase histories and payment information, making them a prime target for cybercriminals. When that data is exposed at scale, it gives attackers the raw material needed to launch mass phishing campaigns and highly convincing social engineering attacks targeting millions of customers at once. Retailers should ensure customer data is stored securely, access is tightly controlled and users are regularly reminded to be cautious of unsolicited communications that reference their personal or purchase details.
