• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Investing

Asos shares fall 13% after customers receive apparent hacking message

by October 6, 2026
written by October 6, 2026

Shares of Asos fell more than 13% on Tuesday after customers of the British online fashion retailer received push notifications appearing to claim that the company had been hacked.

Users across the UK reported receiving pop-up messages through the Asos app that appeared to have been sent by hackers attempting to extort the retailer.

The notification, addressed to Asos’ data protection officer and IT department, reportedly read: “we have fully compromised the Snowflake instance. Engage with us, or we will leak it.”

Dozens of users posted the message on social media, saying they were confused about its meaning and why it had been delivered directly through the retailer’s app.

The website and app continued to operate on Tuesday morning, while Asos was understood to be investigating whether a cyberattack had actually taken place.

The message included a link directing customers to a Telegram channel operated by an apparent cyber gang calling itself the Xuanye group.

Cybersecurity researchers said they had not previously heard of the group, raising the possibility that the notification could also be an attempt to attract attention or establish credibility.

“It’s not unusual to see new groups emerge, and often they wait until they have what they see as a significant opportunity before they announce themselves so as to enter the ecosystem with ‘credibility’, ” said Aiden Sinnot, principal threat researcher at cybersecurity firm Sophos.

Snowflake connection raises concerns

The reference to Snowflake has added to concerns surrounding the alleged incident.

Snowflake is a cloud platform used by companies to store, process and analyse data, including transaction information and customer demographics such as clothing sizes and body measurements.

The platform can also support services such as push notifications to customers’ phones.

“Snowflake is a massive cloud database where retailers typically store sensitive customer information, a real worry if cyber criminals have indeed accessed it as they claim,” said Dray Agha, senior manager of security operations at cybersecurity platform Huntress.

Snowflake shares were down 0.4% in premarket trading on Tuesday.

Snowflake has faced scrutiny over data breaches involving customers in recent years, including an attack on Ticketmaster in which customer information was reportedly stolen.

However, security experts cautioned that the claims made through the Asos notification should not be treated as confirmation that the retailer’s Snowflake environment had been compromised.

Tatyana Shishkova, lead security researcher at cybersecurity firm Kaspersky, said organisations needed to establish which systems had been accessed, what information may have been exposed and how attackers gained entry through a forensic investigation.

“The ability of hackers to directly contact potential victims through push notifications in the Asos app highlights how disruptive cyber incidents can be when threat actors gain access to trusted communication channels,” Shishkova said.

She added that such incidents could damage customer confidence when alarming messages appeared to originate from a legitimate company.

UK companies face growing cyber threats

The incident comes amid a series of high-profile cyberattacks affecting British businesses and institutions.

The British Library, a blood-testing service, the London Underground, Marks & Spencer, Co-op and Jaguar Land Rover have all suffered cyber incidents in recent years, with some resulting in prolonged disruption.

Shishkova said the Asos episode also demonstrated the importance of robust identity and access controls across cloud environments.

“Regardless of the attack path, the incident reinforces the importance of strong identity and access management across cloud environments,” she said.

Recent Kaspersky investigations have found that cybercriminals increasingly exploit misconfigurations, exposed services and legitimate tools already available within organisations rather than relying exclusively on sophisticated malware.

In some cases, attackers have also abused trusted corporate systems to deliver ransom demands directly to employees and increase the psychological pressure surrounding an attack.

For Asos, the immediate question remains whether the notification represents a genuine compromise of company systems or an attempt to create panic around an unverified claim.

The London-headquartered retailer, which owns brands including Topshop and Miss Selfridge, has 17 million customers across more than 150 countries and employs about 2,800 people.

The UK is its largest market, accounting for 49% of group revenue in its first-half results.

Its stock is up over 50% despite Tuesday’s decline.

The post Asos shares fall 13% after customers receive apparent hacking message appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Here’s why the Realty Income stock is in a freefall as US Treasury yields jump
next post
US midterm elections: two outcomes to benefit two segments of healthcare

related articles

Dow opens 200 pts higher as Treasury yields...

October 6, 2026

US midterm elections: two outcomes to benefit two...

October 6, 2026

Here’s why the Realty Income stock is in...

October 6, 2026

PayPal stock has formed an island reversal: is...

October 6, 2026

Missed this Vanguard ETF’s 37% rally? Here’s what...

October 6, 2026

Here’s why Scottish Mortgage share price has soared...

October 6, 2026

Dow futures jump 220 points: 5 things to...

October 6, 2026

FTSE 100 rises for a third day as...

October 6, 2026

Top 4 FTSE 100 shares to watch this...

October 6, 2026

Here’s why the KOSPI index is plunging today...

October 6, 2026
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


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!

Latest News

  • ServiceNow stock jumps after Guggenheim upgrade despite AI concerns

    July 1, 2026
  • Are NOW, CRM, WDAY, and ADBE stocks bargains after their valuation reset?

    June 29, 2026
  • Corning rallies after Amazon taps fiber-optics maker for AI data center expansion

    June 8, 2026
  • Japan’s Kioxia stock is beating Micron, Sandisk, SK Hynix: here’s why

    June 22, 2026
  • Evening digest: US-Iran tensions rise, SK Hynix eyes record US IPO

    July 9, 2026

Popular Posts

  • 1

    CoreWeave stock jumps 10% as analysts see major backlog upside

    June 16, 2026
  • 2

    Intel, AMD stocks slide again in aftermath of Broadcom’s weak outlook

    June 5, 2026
  • 3

    Dow tumbles 680 points as chip rout sends Nasdaq to biggest drop since 2025

    June 5, 2026
  • 4

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026
  • 5

    Wedbush makes a strong case for buying the dip in Planet Labs stock

    June 5, 2026

Categories

  • Editor's Pick (711)
  • Investing (1,683)
  • Stock (90)

Latest Posts

  • FTSE 100 edges higher as Vodafone, easyJet rally offsets Middle East concerns

    July 10, 2026
  • Morgan Stanley warns of a 7% S&P 500 dip as rebound catalysts emerge

    September 21, 2026
  • Honda deal is more bullish for QuantumScape stock than market realizes

    June 18, 2026

Recent Posts

  • ‘Weapons of mass reproduction’: Watchdog unveils action plan to curb birth tourism after Supreme Court ruling

    July 1, 2026
  • Here’s why Nebius stock is soaring today and what to expect next

    September 8, 2026
  • Broadcom rout hits Micron, AMD, others: AI demand, memory-chip cycle under focus

    June 4, 2026

Editor’s Pick

  • Kimi K3 explained: Inside Moonshot’s biggest open AI bet yet

    July 17, 2026
  • GOP firebrand targets booming business letting foreigners exploit US citizenship laws

    August 28, 2026
  • Dow jumps 350 points as SpaceX soars and Iran deal hopes grow

    June 12, 2026
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.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.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock