Marks and Spencer has revealed that the disruption from a recent major cyber attack is expected to affect its operations until July, with predicted profit losses of around 300 million. The attack, attributed to the hacking group Scattered Spider, compromised customer personal data and forced the retailer to pause online orders for three weeks. As a result, the company's online sales, particularly in the fashion, home, and beauty departments, have suffered significantly, leading to empty shelves in stores as well.
Marks and Spencer reported that a major cyber attack is expected to affect operations until July, resulting in a significant reduction in profits and online sales.
The retailer's cyber incident, linked to the hacking group Scattered Spider, compromised customer personal data, prompting a halt to online orders and a shift in IT systems.
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