Marks & Spencer Group Plc - ADR (MAKSY)
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M&S website goes down - hours after financial impact of ransomware attack revealed
The M&S website was down in the early hours of this morning - hours after the retailer revealed it's facing a £300m hit to profits following last month's ransomware attack.
Marks & Spencer cyberattack: How can retailers regain customers' trust after a hack?
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 range of products available in-store, and forcing them to apologize to customers and other stakeholders.
M&S says cyber hackers broke in through third-party contractor
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 months.
M&S cyberattack to wipe out nearly one-third of annual profits
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 annual operating profit.
M&S warns of £300m hacking crisis hit - and disruption could last months
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: Record performance, cyber-attack. What next for investors?
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 its core businesses, and strengthened its balance sheet.
Marks & Spencer Expects $400 Million Hit From Cyberattack
The retailer paused online shopping and took on extra waste, logistics and stock management costs after the cyberattack in late April.
Britain's M&S says cyberattack to cost $400 million
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 and trading actions.
Focus: M&S' slow recovery from cyberattack puts it at risk of lasting damage
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 boost their defences.
Thousands of UK companies 'could have M&S-style hackers waiting in their systems'
Tens of thousands of British businesses could have hackers waiting inside their systems - all because of a change in the business model of hacking.
What should M&S customers do after criminals stole personal data in huge attack?
The personal data of M&S customers has been stolen by hackers during a huge cyber attack that may have cost the company millions.
Marks & Spencer confirms customers' personal data was stolen in hack
U.K. retail giant Marks & Spencer has confirmed hackers stole its customers' personal information during a cyberattack last month.
