Quartz·2 min read·medium

ASOS stock sinks 13% after hackers send threatening notification through its app

Cris Tolomia
✦AI Summary

ASOS shares dropped 13% after hackers used the retailer's own mobile app to send a threatening notification to users. The message falsely claimed that the company's Snowflake database instance had been compromised.

Why it matters

This incident underscores the vulnerability of corporate communication channels and the potential for significant market volatility caused by cybersecurity breaches.

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The notification, sent through ASOS's own mobile app,…

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