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Cyber Breach Claims Hit ASOS Shares, Involving Telegram and Snowflake

4 reports, 2 independent Updated 00:00
Still developing Reached 4 outlets in its first 24 hours
Reports
4
Developments
1
Repetition
75%

New informationRepeats or wire copies

AI-generated briefing. Brind wrote this from the reports listed below. 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 1 outlet

ASOS shares fell almost 12% on the London Stock Exchange after thousands of customers received a mobile app notification claiming the online retailer had been hacked. The notification, sent through the Telegram messaging service, stated that hackers had compromised the Snowflake instance, which stores customer transaction and demographic information. ASOS is currently investigating the claims of a breach.

From irishexaminer.com

Why it matters

Some supportBrind's analysis of the reports

The incident highlights the security risks associated with major retailers storing sensitive customer information on cloud platforms like Snowflake. The claims of public extortion, where ransom demands are sent directly to consumer devices, introduce significant operational and financial risk to the retail sector.

From irishexaminer.com

Who's involved

  • ASOSOnline fashion retailer that received breach notifications and saw a share value drop
  • Marks & SpencerBritish retailer operating in the same sector as ASOS
  • TelegramInstant messaging service used by attackers to send extortion notifications
  • Snowflake Inc.Cloud platform utilized by ASOS to store customer transaction data
  • London Stock ExchangeStock exchange where the share value of ASOS was recorded

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.

  • Snowflake Inc.Speculative

    The cloud platform might face increased costs related to security upgrades and compliance following claims of customer data compromise.

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The entities involved

Related events

Coverage

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