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Tag: reset

  • Unmasking the Mystery: Instagram Clarifies Source of Unsolicited Password Reset Emails

    Unmasking the Mystery: Instagram Clarifies Source of Unsolicited Password Reset Emails

    Instagram users have recently been reporting an influx of unsolicited password reset emails. Instagram has now responded by stating that these emails are the result of an internal glitch, not a security breach.

    Instagram’s Response to Password Reset Emails

    Instagram has clarified that the unusual password reset emails received by its users were due to a software glitch. This clarification came after numerous users voiced concerns about the possibility of their accounts being compromised.

    The company categorically denied that there had been any major security breach, countering last week’s claims that it had suffered a data breach. It was previously suggested that sensitive information of 17.5 million Instagram users, including usernames, email addresses, phone numbers, and physical addresses, was being offered on the dark web.

    In their statement, Instagram did not elaborate on the nature of the software issue that resulted in these emails being sent out. However, they assured users that there had been no breach of their systems and that user accounts are secure. Users were advised to disregard the password reset emails.

    Advice for Users

    Regardless of Instagram’s assurance, users are always encouraged to exercise caution when dealing with their account security. It is a standard security practice to ignore and delete any unsolicited password reset emails, without clicking on any links they may contain.

    To enhance account security, users should employ unique passwords for each of their accounts, and change these on a regular basis. In addition, enabling two-factor authentication provides an extra layer of security. Instagram users can check the devices logged into their account via the Meta Account Center, helping identify any potential security issues.

    Unresolved Issues

    Despite Instagram’s reassurances, there are still unanswered questions surrounding this incident. The company has not explained how external parties could have sent out authentic password requests, or who these external parties may be. Many hope that Instagram will provide more clarity on this issue, although it remains uncertain whether they will do so.

    Questions & Answers

    What were the email notifications Instagram users received?
    Users reported receiving unsolicited emails prompting them to reset their Instagram passwords.

    Did Instagram confirm a data breach?
    No, Instagram categorically denied any data breach, attributing the password reset emails to a software glitch.

    What should users do if they receive unsolicited password reset emails?
    Users are advised to delete such emails without clicking on any links they contain. It is also recommended to have unique passwords for each account and to regularly change these passwords. Enabling two-factor authentication is another suggested security measure.

  • Giordano Reports Q3 Sales Dip Despite Yearly Growth; E-commerce Revenue Soars By 16.5%

    Giordano Reports Q3 Sales Dip Despite Yearly Growth; E-commerce Revenue Soars By 16.5%

    Hong Kong-based fashion retail giant, Giordano, has experienced a decrease in sales for the third quarter of the year, despite an overall positive performance for the year so far.

    Q3 Performance

    The retailer’s third-quarter revenue, ending on September 30, dropped by 1.4 per cent to HK$894 million, equivalent to US$115 million. Sales declined by 8.5 per cent in Southeast Asia and Australia, remained unchanged in Greater China, but impressively jumped by 11.6 per cent in the Gulf Cooperation Council.

    Giordano’s e-commerce revenue continued to demonstrate strong progress with an increase of 16.5 per cent, even as offline sales fell by 4.9 per cent. Same-store sales also experienced a slight dip, declining by 0.5 per cent.

    Strategic Initiatives

    Giordano’s management shared that the company has been actively shifting towards high-growth channels and markets as part of its strategic initiatives. They added, “With a focused approach, we are successfully navigating a period of reset with a view to delivering long-term sustainable growth in line with our strategic vision.”

    Performance for the First Nine Months

    The retailer’s performance for the first nine months of the year remained in the green, with a modest revenue increase of 0.6 per cent.

    Despite challenges like unprecedented adverse weather in Greater China, the company’s core business preserved stability with a 0.4 per cent growth in the quarter and a 2.7 per cent growth for the year so far.

    The quarter ended with Giordano operating 1,627 stores, marking a net reduction of 122 locations since the start of the year. As part of their inventory optimization plans, inventory also declined by 2.9 per cent year-to-date.

    Questions & Answers

    What is Giordano’s percentage of sales decline in the third quarter?
    Sales declined by 1.4 per cent, equivalent to HK$894 million, or US$115 million.

    How has Giordano’s e-commerce revenue been performing?
    Giordano’s e-commerce revenue demonstrated strong progress with an increase of 16.5 per cent.

    What is the net change in Giordano’s store count since the beginning of the year?
    Giordano net reduced its store count by 122, ending the quarter with 1,627 stores.