What: KaDeWe successfully defended against a cyber attack from the Russian hacker collective, Play.

Why it is important: The recent cyber attack KaDeWe highlights the importance of robust cybersecurity measures and the need for constant vigilance against potential threats.

The attack occurred on November 2, prompting KaDeWe to implement emergency measures and take certain operations offline. However, the store reassured customers that credit card payment systems remained secure.

KaDeWe is currently working with German cybercrime authorities to assess the extent of the attack and determine if customer information systems were breached. The department store group already had security measures in place, which helped contain the attack. Investigations are ongoing to determine if any data was stolen.

The attack comes at a time when KaDeWe Group is facing challenges, including the decline in real estate values and the potential collapse of Austrian property developer Signa, which owns a minority stake in KaDeWe.

KaDeWe attacked by Russian hackers