Shen's (8921) Jcolor e-commerce platform: third party suspected of obtaining data and emailing customers

OTC-listed Shen's (8921) said in a November 10 filing that customers of its Jcolor e-commerce platform reported that a third party appears to have improperly obtained data and contacted them by email ^[1]. The company convened an emergency meeting, ordered its outsourced system maintenance vendor to patch and harden the system and review hosts, user passwords and payment data, and says there is no material impact on finances or operations so far ^[1]. Jcolor members and customers should stay alert to fraud and follow reminders posted on the platform website, social media and by email ^[1].

Industries mainly affected: Retail

Jcolor members and customers should stay alert to fraud and follow reminders posted on the platform website, social media and by email ^[1]