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.
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.
Tens of thousands of British businesses could have hackers waiting inside their systems - all because of a change in the business model of hacking.
The personal data of M&S customers has been stolen by hackers during a huge cyber attack that may have cost the company millions.
U.K. retail giant Marks & Spencer has confirmed hackers stole its customers' personal information during a cyberattack last month.
Marks & Spencer has revealed customers' personal data was taken by hackers after it was hit by a damaging cyber attack.
The U.K. retailer on Tuesday said the data doesn't include useable payment, card details or account passwords.
Marks & Spencer, the iconic U.K. clothing and food retailer that's seen its online operation shuttered for more than three weeks following a cyberattack, on Tuesday said for the first time that customer data was taken.
British retailer Marks and Spencer said on Tuesday some personal customer information was taken in the cyber attack that has crippled its online operation for more than three weeks.
The cyber attacks on M&S, Co-op and Harrods should be a "wake-up call", a cabinet minister will warn as he announces a cybersecurity investment boost.
A M&S insider has told Sky News it could be "months" before the retailer fully recovers from an ongoing, severe cyber attack - and that the company had no plan for such an incident.
A M&S insider has told Sky News it could be "months" before the retailer fully recovers from an ongoing, severe cyber attack - and that the company had no plan for such an incident.