Several big British retailers have been in the news recently—but not for buoyant sales or new product launches. Firms like Marks & Spencer and Co-op have been hacked, affecting online sales and the

M&S blames human error for £300m cyber hit

08:30am, Wednesday, 21'st May 2025
Marks and Spencer Group PLC (LSE:MKS) chief executive Stuart Machin said "human error" was at fault for hackers gaining access to its IT systems through a third party. On a call with analysts and r
Marks & Spencer said hackers broke into its systems by tricking employees at a third-party contractor, skirting its digital defences to launch a cyberattack that will disrupt the British retailer for
British retailer Marks & Spencer said Wednesday that a recent cyberattack will wipe out more than one-third in its annual profits. The forecasted £300 million impact equates to 30.5% of the company's
Marks and Spencer (M&S) has warned investors it is facing a £300m hit to trading profits as a result of last month's ransomware attack.
Marks & Spencer has delivered an impressive set of full-year results, but investors now face a conundrum. On one hand, the retailer has posted its highest profit in 15 years, grown market share across
The chief executive of Marks & Spencer said on Wednesday he could not comment on whether the retailer had paid a ransom in a cyber attack which has cost it about 300 million pounds ($402.39 million) a
The retailer paused online shopping and took on extra waste, logistics and stock management costs after the cyberattack in late April.
Marks and Spencer Group PLC (LSE:MKS) said its recent cyber attack is estimated to have a £300 million impact on in its new financial year after the past year saw its biggest underlying profit in
British retailer Marks & Spencer said on Wednesday last month's cyberattack would cost it about 300 million pounds ($403 million) in current year operating profit, before cost mitigation, insurance an
A month after a costly cyberattack on one of Britain's best known retailers, Marks & Spencer has yet to restore online shopping as it prioritises safety over speed, while retailers worldwide race to b
The impact of Marks and Spencer's (LSE:MKS) cyber attack will be one of the main questions investors want answered when the food and clothing retailer releases full-year results next Wednesday, 21 M
British retailer Marks & Spencer said on Thursday food volumes flowing from its distribution centres to its stores were back to normal levels after product availability was hit by last month's cyberat
Tens of thousands of British businesses could have hackers waiting inside their systems - all because of a change in the business model of hacking.
Marks and Spencer Group PLC's (LSE:MKS) ongoing cybersecurity breach has knocked 15% off its share price, and investors are bracing for more details when the retailer reports full-year results on 21
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