Says it's investigating hacking claims as retail cyber risks spread

H&M is investigating online allegations of a possible cyberattack after claims that hackers tied to a recent breach at British retailer ASOS also targeted the Swedish clothing company. The Times reported that H&M is reviewing circulating information, and the retailer said it found no evidence its data environment was compromised. H&M shares fell about 1.4% in Stockholm trading on Monday, October 12. The probe follows a confirmed ASOS breach: attackers used social engineering to obtain employee login credentials, then accessed customer information stored on third-party platforms. ASOS says payment card details, account passwords, and website/app operations were not impacted.