Marks & Spencer recently revealed that the repercussions of a cyber attack, attributed to the group Scattered Spider, will lead to losses of approximately £300 million. This incident, which took place on Easter Monday, continues to disrupt operations while revealing vulnerabilities in the retail sector. The attack highlights a broader problem, as logistics providers like Peter Green Chilled are also targeted, indicating a trend of coordinated attacks against British retailers. Operational difficulties experienced by M&S are expected to last until July, showcasing the severe impact of such cybersecurity breaches.
Marks & Spencer estimates the fallout from the Easter hack will amount to £300 million, significantly overshadowing typical cyber attack losses.
The repercussions of the ransomware attack on M&S may linger until July, affecting operations and retail sales across the UK and Ireland.
Collection
[
|
...
]