GENEVA — Cyber attacks across the world are costing businesses, including retailers, billions of dollars in losses each year from theft of commercially valuable customer data and other damages.
Francis Maude, British Minister for Cyber Security, said, “For every organization, [there’s an] obligation…to conduct a really serious review of what their risk and vulnerability is, and protect themselves accordingly. No one else can do that for them. They have to do that for themselves, because everyone’s vulnerable.”
Maude told WWD, “We know that in Britain, the damage runs to billions [of pounds] every year.”
A global survey of 1,330 chief executive officers in 68 countries, conducted by PwC, found 63 percent worried their organizations would be adversely affected if a cyber attack or major disruption of the Internet happened within the next 12 months, the third highest in a top list of negative scenarios, behind major social unrest (75 percent), and recession in the U.S. (67 percent).
ThreatMetrix, a cyber crime prevention company based in San Jose, Calif., in its cyber security trends and risks analysis for 2013, said data breaches “will continue to put top brands at risk,” as cyber attacks impacted in 2012 on high-profile brands such as eHarmony, Zappos and Global Payments. It also warns that “[m]alware, historically targeted at financial institutions, will increasingly affect retailers.”
“Many companies are vulnerable, and they’re vulnerable in two respects,” Maude said in an interview last month on the sidelines of the annual World Economic Forum in Davos, Switzerland. “They will have huge amount of data about their customers, which is of commercial importance to their company. That’s valuable to another company, and that is a form of industrial espionage and theft of intellectual property. The other vulnerability is that when we try to protect our systems, it’s not just about protecting us, its about protecting others whose data…[we] are under an obligation to protect.”
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast