5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
  • Top News
  • Economy
  • Forex
  • Investing
  • Stock
  • Editor’s Pick
No Result
View All Result
5G Investment News
No Result
View All Result
Home Investing

Millions of Gucci, Balenciaga and Alexander McQueen customer records ransomed in cyberattack

by
September 17, 2025
in Investing
0
Millions of Gucci, Balenciaga and Alexander McQueen customer records ransomed in cyberattack

Cyber criminals have stolen the personal details of potentially millions of Gucci, Balenciaga and Alexander McQueen customers in a ransomware attack on their parent company, Kering.

The luxury group confirmed that in April hackers gained “temporary access” to its systems and accessed customer records, though it insists no financial information such as card or bank details was stolen.

The compromised data includes names, email addresses, phone numbers, home addresses and the total amount customers spent in-store. The hacker behind the breach, who calls themselves Shiny Hunters, claims to hold data linked to 7.4 million email addresses, suggesting a similar number of victims.

Kering said affected customers had been contacted directly, though it has not disclosed how many people were impacted. Legally, companies do not need to make a public statement if they notify individuals individually, but the scale of the breach has raised alarm across the industry.

A small sample of the stolen data, shared with the BBC, included thousands of customer records showing spending habits. Some individuals had spent over $10,000, while others were flagged with totals as high as $86,000. Experts warned this could expose high-spending clients to targeted scams or phishing attacks.

Becky White, Senior Solicitor in Harper James’ Data Protection team, told Business Matters: “While no card or ID details were taken, the exposure of names, contact information and purchase history poses a serious risk. This type of data can reveal who your most valuable customers are, enabling cyber criminals to craft convincing phishing campaigns or target high-net-worth individuals for fraud.”

Shiny Hunters said they approached Kering in June demanding a Bitcoin ransom, but the company denies entering negotiations, saying it had followed law enforcement advice and refused to pay.

“In June, we identified that an unauthorised third party gained temporary access to our systems and accessed limited customer data from some of our Houses,” a Kering spokesperson said. “No financial information — such as bank account numbers, credit card information or government-issued IDs — was involved in the incident.”

Kering added that its IT systems had since been secured and regulators notified.

The breach occurred during a wave of cyberattacks on luxury retailers. Cartier and Louis Vuitton also disclosed customer data leaks earlier this year.

Shiny Hunters, also tracked by Google as UNC6040, has been linked to phishing-style intrusions on corporate Salesforce systems. The group has previously targeted technology firms and government contractors.

Google itself warned in June of attacks by the same collective, which it said tricked employees into handing over login details.

White said the Kering breach was “a wake-up call” for the sector: “Businesses often focus on securing payment details, but underestimate the value of other CRM data — from purchase history to loyalty activity. Under UK GDPR, companies are expected to practise ‘data minimisation’, collecting and retaining only what is strictly necessary.

Whether you’re a global fashion house or a local retailer, investing in robust security and transparent communication isn’t just a legal obligation — it’s how you protect customer trust and safeguard your brand reputation.”

As online sales and app-based retail continue to grow, the luxury sector has become a prime target for hackers, given its wealthy clientele and global customer databases.

Previous Post

Speaker Romualdez quits amid flood control scandal, replaced by Rep. Dy

Next Post

Mapúa moving to incorporate AI in traditional human learning

Next Post
Mapúa moving to incorporate AI in traditional human learning

Mapúa moving to incorporate AI in traditional human learning

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.







    Fill Out & Get More Relevant News





    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.
    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Tesla stock surges nearly 50% since Elon Musk’s spat with Donald Trump

    Tesla stock surges nearly 50% since Elon Musk’s spat with Donald Trump

    September 17, 2025
    Cyberattacks 2025: Millions of UK users exposed in year of hacks — here’s what it means for your data

    Cyberattacks 2025: Millions of UK users exposed in year of hacks — here’s what it means for your data

    September 17, 2025
    PSE index jumps to 6,200 level on rate cut hopes

    PSE index jumps to 6,200 level on rate cut hopes

    September 17, 2025
    Mining fiscal regime brings certainty to industry — DMCI

    Mining fiscal regime brings certainty to industry — DMCI

    September 17, 2025

    Disclaimer: 5GInvestmentNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2024 5GInvestmentNews. All Rights Reserved.

    No Result
    View All Result
    • Home
    • Privacy Policy
    • suspicious engagement
    • Terms & Conditions
    • Thank you

    © 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.