Victoria’s Secret says it will postpone earnings report after recent security breach
Victoria’s Secret is postponing the release of its quarterly earnings following a security breach that disrupted the popular lingerie brand’s corporate operations and led it to take down its U.S. shopping site for several days last week. Victoria’s Secret said it first detected a “security incident involving its information technology systems” on May 24 — and temporarily shut down corporate systems and its retail website on May 26. The website in the U.S. stayed dark for several days after, sparking prolonged frustration among shoppers. It wasn’t back online until late Thursday. While not directly confirmed by Victoria’s Secret, the incident bore hallmarks of a cyberattack involving ransomware. Analysts note that more and more retailers are facing these kinds of attacks today.
