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Company that owns Gucci, Balenciaga, other brands confirms hack

Kering, the owner of luxury brands like Gucci and Balenciaga, confirmed a data breach where hackers stole sensitive customer data, including names and addresses. The notorious group ShinyHunters is behind the attack, but no credit card information was compromised. Kering has notified affected customers but hasn't disclosed the number impacted.

Key points

  • Kering confirmed a data breach on Monday, affecting luxury brands such as Gucci, Balenciaga, Alexander McQueen, and Yves Saint Laurent.
  • The breach involved hackers stealing sensitive customer data, including names, email addresses, phone numbers, and home addresses.
  • No credit card numbers were stolen during the attack, alleviating some customer concerns.
  • Kering has contacted affected customers; however, the total number of impacted individuals remains undisclosed.
  • The hack is attributed to the infamous group ShinyHunters, who claim to have accessed data from 7.4 million email addresses.

Why it matters

  • Data breaches have become a significant issue in recent years, with luxury brands like Kering increasingly targeted due to the high value of their customer data.
  • The rise of cybercrime groups such as ShinyHunters indicates an evolving threat landscape, emphasizing the need for stronger cybersecurity measures.
  • This breach parallels other high-profile hacks in 2023, highlighting a growing trend where consumer data is a prime target for theft.

The Kering data breach serves as a reminder of the persistent threats to customer data privacy, reinforcing the urgent need for robust cybersecurity protocols within the luxury sector.