H&M Investigates Cyberattack Claims Following ASOS Breach

• •H&M is investigating potential cyberattack claims with no current evidence of a breach.
• •The ASOS breach involved social engineering to access employee login credentials.
• •Retail networks are increasingly targeted via third-party vendors and cloud services.

H&M is investigating claims of a cyberattack, although it reports no current evidence of compromise to its core data. This follows a confirmed breach at ASOS, where hackers used social engineering to obtain employee login credentials. The ASOS breach exposed customer names and details, but sensitive data like payment card numbers remained secure. The incident highlights the growing trend of cyberattacks targeting retail networks through third-party vendors and cloud services. As concerns rise, companies are increasingly relying on forensic investigations and specialized insurance coverage to manage risks. The situation continues to evolve as H&M assesses the claims and monitors its systems for potential vulnerabilities.