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Adidas Admits Data Breach Following Third-Party Attack
Forbes· 2025-05-28 14:10
Core Insights - Adidas has experienced a cybersecurity breach through a third-party customer service provider, exposing customer contact information but not payment or password data [1][2] - This incident reflects a broader trend where hackers target vendors to bypass stronger defenses of major brands [1][4] Company Summary - The breach involved the exposure of names, email addresses, and phone numbers of customers who contacted support, raising concerns about potential phishing and social engineering risks [2] - Adidas has a history of data security incidents, including a significant breach in 2018 affecting millions of U.S. customers, and similar incidents in Turkey and South Korea [3] Industry Summary - Cybercriminals are increasingly targeting third-party vendors due to their weaker security measures, with 30% of breaches in the previous year involving external service providers according to Verizon's 2025 Data Breach Investigations Report [4] - The Adidas breach serves as a warning for the retail sector, emphasizing the need for companies to prioritize third-party risk management as a critical aspect of their security strategy [5] Best Practices for Mitigating Third-Party Risk - Companies are encouraged to adopt a zero trust approach, treating every vendor as a potential risk and limiting data access to what is strictly necessary [7] - Regular incident simulations and continuous vendor assessments are recommended to enhance security measures and response plans [7] - Transparency and security metrics should be demanded from vendors, and executive performance should be tied to improvements in third-party risk management [7]
DRYWORLD and G3 Management Announce Strategic Global Partnership to Drive Growth in Sports Apparel Market
Globenewswire· 2025-05-05 12:30
Core Insights - DRYWORLD Brands Inc. has announced a strategic global partnership with G3 Management to expand into European and Asian markets [1][2] - The partnership aims to leverage G3's extensive network and expertise in strategic consulting to promote growth for DRYWORLD [2][5] Group 1: Partnership Details - The partnership is initiated through a Memorandum of Understanding (MOU) and focuses on a multi-channel market entry strategy [1][2] - G3 will implement a 5-year sales growth strategy targeting partnerships with sports teams, retail leaders, and e-commerce platforms [2][3] Group 2: Growth Strategy - The growth initiative consists of two phases: the first phase focuses on market penetration through team sports institutions and retail channels, while the second phase will introduce branded flagship stores [3][4] - Marketing objectives include targeted digital campaigns on platforms like Instagram, TikTok, and WeChat, along with local event sponsorships [3][4] Group 3: Operational Plans - G3 will develop detailed projections including initial investment estimates and region-specific operational costs [4] - Plans include establishing a European commercial hub and regional logistics centers in the UAE to optimize supply chains [4]