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ASOS Stock Drops Following Cyber Breach Notification via Telegram

Steady: 0 in the last 7 days Updated oct 7

The latest in this situation

  1. ASOS confirmed an investigation into a cyber breach via the London Stock Exchange, with hackers demanding contact through Telegram.
  2. Companies like ASOS and Marks & Spencer suffered cyber breaches, leading to stock value drops, with attackers using Telegram for notifications.

How it started

7 reports, 3 independent, last reported Oct 15. The briefing below covers this first event.

AI-generated briefing. Brind wrote this from the reports listed below and has updated it as the story developed. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 2 outlets

ASOS is investigating after thousands of customers received a mobile app notification claiming the retailer's data was "fully compromised". The notification referenced the Snowflake online data platform and directed users to a Telegram chat. ASOS shares fell as much as 13 per cent in London, while Snowflake shares dropped 3.2 per cent in premarket trading.

From irishexaminer.com, irishtimes.com

Why it matters

Some supportBrind's analysis of the reports

The incident involves hackers claiming to have compromised the Snowflake instance, which stores critical customer transaction data for ASOS. This event caused significant drops in the share values of ASOS and Snowflake.

From irishexaminer.com, irishtimes.com

Who's involved

  • ASOSBritish online fashion and beauty retailer that is investigating the breach
  • Snowflake Inc.Cloud-based data-warehousing startup whose instance was claimed compromised
  • TelegramInstant messaging service used by attackers for extortion notifications
  • Marks & SpencerBritish retailer mentioned as being targeted by hackers around the same time

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • Marks & SpencerSpeculative

    Marks & Spencer could face increased operational costs if similar security risks materialize.

  • Snowflake Inc.Speculative

    Snowflake Inc. might see increased demand for security services or face regulatory costs due to the claimed compromise of its platform.

  • ASOSSpeculative

    ASOS may face reduced customer demand if data security concerns persist.

How it developed

Newest first. Tap a step to see who reported it.
  1. ASOS confirmed an investigation into a cyber breach via the London Stock Exchange, with hackers demanding contact through Telegram.Sub-event
  2. Cyber incident involving major retailers and cloud platforms, using Telegram for breach notifications.1 source

Keep exploring

The entities involved

Related events

Coverage

Newest first; wire copies grouped
4 more outlets ran the same wire story