Victoria's Secret Delays Earnings Release After Security Incident

Fashion retail giant Victoria's Secret has delayed its first quarter 2025 earnings release due to ongoing corporate system restoration efforts following a May 24 security incident. The company, which reported an annual revenue of $6.23 billion for the fiscal year ending February 1, 2025, and manages around 1,380 retail stores in nearly 70 countries, took down its corporate systems, some in-store services, and the e-commerce website as a precaution on May 26.

A spokesperson told BleepingComputer at the time that Victoria's Secret had hired external experts to assess the impact of the incident and that they were working to restore operations. "The website was restored on May 29, 2025, and work is ongoing to restore full access to corporate systems," the company revealed in a press release today. "The restoration process has prevented employees from accessing certain systems and information needed to support the Company's release of its financial results for the first quarter ended May 3, 2025."

The delay in releasing earnings means that investors will have to wait longer than expected to hear about the company's financial performance for the first quarter. While Victoria's Secret has yet to reveal further details regarding the nature of the incident, today's press release hints at a ransomware attack with restoration operations in progress.

This follows a series of recent incidents targeting multiple fashion companies, including French luxury fashion brands Dior and Cartier. German sportswear giant Adidas also revealed a data breach one week ago after threat actors stole some of its customers' data by hacking a customer service provider.

Over the last several months, another series of attacks linked to the DragonForce ransomware operation and Scattered Spider threat actors targeted retailers across the United Kingdom, including Harrods, Co-op, and Marks & Spencer. The ongoing wave of cyberattacks highlights the importance of robust cybersecurity measures for businesses in the fashion industry.

As IT teams continue to navigate the challenges of manual patch management, many are now turning to automation to improve their security posture. Join Kandji + Tines on June 4 to learn more about how modern teams are using automation to patch faster, cut risk, stay compliant, and skip complex scripts.

The Impact of Cybersecurity Incidents

Cybersecurity incidents like the one affecting Victoria's Secret can have significant consequences for businesses. In addition to the financial impact, these incidents can also damage a company's reputation and erode customer trust.

As the fashion industry continues to evolve, it is essential that companies prioritize cybersecurity and take proactive steps to protect themselves against threats like ransomware attacks.

The Importance of Automation

Manual patch management is an outdated approach that can leave businesses vulnerable to cyberattacks. Automation offers a more effective solution, allowing IT teams to patch faster, cut risk, stay compliant, and skip complex scripts.

By investing in automation, companies like Victoria's Secret can improve their security posture and reduce the likelihood of future incidents. Join Kandji + Tines on June 4 to learn more about how modern teams are using automation to boost their cybersecurity efforts.