H&M is actively investigating potential cyberattack claims circulating online, though the retailer has stated it currently finds no indication that its core data environment has been compromised. The security scare follows a confirmed breach at fellow retailer ASOS, where hackers utilized social engineering to obtain employee login credentials for third-party platforms. Hackers have increasingly targeted retail networks via third-party vendors and cloud providers like Snowflake, prompting heightened concern among cyber insurers. While the ASOS breach exposed customer names and contact details, critical data like payment card numbers and account passwords remained secure. The string of recent digital intrusions underscores the rising frequency of retail cyber risks, forcing companies to lean heavily on forensic investigations and specialized insurance coverage.

Full report : Following a similar security breach at ASOS, fashion giant H&M has launched a probe into online claims of an intrusion, highlighting growing vulnerabilities in retail supply chains and cloud environments.