Cyberattack hits cosmetics giant Estee Lauder

Estee Lauder has fallen victim to a cyberattack, leading to operational disruptions. While the cosmetics company hasn’t revealed specifics about the breach, it is collaborating with law enforcement and cybersecurity experts to investigate. The incident adds to Estee Lauder’s existing challenges, including a dramatic fall in sales and profits over the past year, largely attributed to slow recovery in duty-free and travel-related sales.