Thirteen investors caught up in the collapse of cryptocurrency exchange FTX have made fraud reports to the police. Read what Ms Arnault, 47, has done during two decades at her father's business. The company recently raised the maximum age requirement for its chief executive to 80 from 75. Mr Arnault is worth around $196bn.ĭespite speculation over succession planning, Mr Arnault, 73, has given no indication he plans to retire soon. Mr Arnault, who launched his luxury goods empire in the 1980s, regained his spot as the world's richest man at the end of 2022 after Elon Musk's net worth slipped amid a sell off in Tesla shares.
LVMH, which was formed in a merger between fashion house Louis Vuitton and Moët Hennessy in 1987, owns brands including jewelry maker Tiffany & Co, Givenchy and Marc Jacobs.
Mr Arnault appointed his daughter Delphine, his eldest child, to lead its important Dior brand as part of a management shakeup, having recently appointed his eldest son, Antoine, to lead the family's holding company. If indeed this was a result of a supply chain vulnerability, it further confirms the cyber security industry’s broader concern around large organisations granting trusted access to third parties who may have vulnerabilities which the primary organisation have not foreseen.īernard Arnault, the world's richest man and chairman of LVMH, has appointed his daughter as the chief executive of Dior as he tightens his family's grip on the luxury goods business. After a breach, the information cyber attackers gain from having been on the inside of an organisation’s digital infrastructure can leave the victim organisation vulnerable to further breaches in the future. Details are still emerging but the scope of the outage is clearly extensive.ĭepending on the severity of the incident, it could take weeks to restore Royal Mail’s systems to trusted operational states. The outage currently affecting Royal Mail’s international exports affects just outbound international parcels and mail, suggesting either an outsourced third party supplier is the source of the cyber disruption, or there is a specific isolated system, rather than something that is enterprise wide across Royal Mail. Hanah Darley, head of threat research at cyber security firm Darktrace, claims the nature of the cyber incident at Royal Mail suggests that it likely affects one of the company's contractors or a specific system: The National Cyber Security Centre has confirmed it is assisting the company, along with the National Crime Agency.
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"Our teams are working around the clock to resolve this disruption and we will update customers as soon as we have more information."
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"Our import operations continue to perform a full service with some minor delays. "Some customers may experience delay or disruption to items already shipped for export. The company, which is considered part of Britain's critical national infrastructure, is in touch with the police and at least one security service following the incident.Ī Royal Mail spokesman said: "We have asked customers temporarily to stop submitting any export items into the network while we work hard to resolve the issue. Six sites are affected, including a huge sorting facility located next to Heathrow Airport, where most outgoing international mail is sorted before leaving the UK. It is understood the problem was first discovered on Tuesday morning and that staff at Royal Mail have been attempting to uncover the cause since then. Royal Mail has been left unable to send letters or parcels overseas after the postal service suffered a crippling "cyber incident".Ī company statement warned customers to expect delays or disruptions to packages already sent and urged others not to attempt to send mail internationally while the problems continued.
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