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Cyberattack Knocks Victoria’s Secret Offline, Pushes Back Earnings Release

The company delayed its quarterly earnings release to finalize a comprehensive security assessment

Shoppers stand in line as they wait for a Victoria's Secret store to open on Black Friday, at the Tysons Corner Center, in Tysons, Virginia, U.S., November 27, 2020. REUTERS/Hannah McKay/File Photo
FILE - Shoppers pass a Victoria's Secret store at a shopping mall in Scranton, Pa., May 3, 2021. (AP Photo/Ted Shaffrey, file)
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Overview

  • Victoria’s Secret detected unauthorized access to its IT systems on May 26, prompting an immediate shutdown of corporate and e-commerce platforms
  • The lingerie retailer enlisted third-party cybersecurity experts to contain the breach and eradicate unauthorized network access
  • The cyberattack did not affect first-quarter fiscal 2025 results but led to a postponement of the upcoming quarterly earnings announcement
  • All online services and affected in-store functions, including those at PINK outlets, were restored by May 29
  • Shares rose about 3% in premarket trading after the disclosure, and peer retailers Marks & Spencer and Cartier reported similar website disruptions recently