Estee Lauder, the cosmetics maker, reported a cyber attack where a hacker gained access to some of its data, leading to disruptions in the company’s business operations.
The MAC Cosmetics owner is working to restore affected systems and has taken measures to secure its operations, including taking down certain systems to mitigate the incident. While the company did not provide detailed information about the impact on its operations, it acknowledged the breach and is trying to understand the extent of the breached data.
Data Breach at Estee Lauder Comes Amidst Weaker Sales Forecast The cyber incident at Estee Lauder occurs at a crucial time for the company as it previously forecasted weaker sales and profit for the year, attributing it to slow recovery in duty-free and travel destinations, particularly in Asia. The cosmetics maker owns well-known brands like Bobbi Brown and Tom Ford Beauty.
Data breaches have affected several other U.S.-listed companies in recent times, including Grand Theft Auto maker Take-Two Interactive Software, Uber, and T-Mobile, exposing millions of accounts.
Estee Lauder Engages with Law Enforcement and Cybersecurity Experts Following the cyber attack, Estee Lauder is actively engaging with law enforcement and cybersecurity experts.
However, the company has not provided further comments beyond its official statement and has not disclosed the identity of the hacker or hacking entity involved in the breach. With the breach expected to cause further disruptions, the company’s focus remains on restoring its systems and securing its operations to protect customer data and prevent future incidents.
