Victoria’s Secret Recovers From Cyberattack, Restores Key Systems
▼ Summary
– Victoria’s Secret has fully restored critical systems impacted by a May 24 cyberattack, which forced shutdowns of corporate systems and its e-commerce site.
– The company reported $1.353 billion in Q1 2025 net sales and forecasts up to $6.3 billion for the year, with no expected material impact from the incident.
– External experts are assessing the attack’s scope, and the company incurred related expenses but believes operations were not materially disrupted.
– The cyberattack delayed Victoria’s Secret’s Q1 earnings release due to inaccessible systems needed for financial reporting.
– This incident follows recent cyberattacks on other fashion brands like Cartier, Dior, and Adidas, as well as a broader campaign targeting UK retailers.
Victoria’s Secret has successfully restored its critical systems following a cybersecurity breach that disrupted operations in late May. The company confirmed all essential functions are now operational while continuing to assess the full scope of the incident. Despite temporary disruptions, the lingerie retailer remains confident the attack will not significantly affect its annual financial performance.
With over 1,380 stores worldwide and first-quarter net sales reaching $1.353 billion, Victoria’s Secret is a major player in the global retail sector. The company projects yearly revenues could climb as high as $6.3 billion, underscoring its resilience even amid cybersecurity challenges.
In a recent SEC filing, the brand detailed its response to the breach, which included immediate containment measures and collaboration with external cybersecurity experts. While some systems were temporarily taken offline as a precaution, the company emphasized that core operations have since been fully reinstated. “We acted swiftly to neutralize unauthorized access and restore functionality,” the statement read. “At this time, we do not anticipate a material financial impact from the incident.”
The attack did, however, force Victoria’s Secret to delay its first-quarter earnings release. Key systems required for financial reporting were temporarily inaccessible, pushing back the scheduled announcement. A company spokesperson noted that while recovery efforts progressed smoothly, the disruption highlighted the importance of robust cybersecurity protocols in safeguarding critical business functions.
So far, no ransomware group has claimed responsibility for the breach, and Victoria’s Secret has not disclosed whether customer data was compromised. The incident aligns with a broader trend of cyberattacks targeting major retailers, including recent breaches at Adidas, Cartier, and Dior.
Security experts have also observed a surge in attacks against UK retailers, with groups like Scattered Spider and DragonForce allegedly behind intrusions at Marks & Spencer, Co-op, and Harrods. These incidents serve as a stark reminder of the growing sophistication of cyber threats facing the retail industry.
As Victoria’s Secret moves forward, the company remains focused on strengthening its defenses to prevent future disruptions. The swift restoration of operations demonstrates its ability to mitigate risks, but the event underscores the need for continuous vigilance in an increasingly digital marketplace.
(Source: BLEEPING COMPUTER)
