UK retailer M&S puts cyberattack cost at $400m as disruptions continue

UK retailer M&S puts cyberattack cost at 0m as disruptions continue

Disruption from the ‘highly sophisticated and targeted cyber attack’, first reported around Easter weekend, continues. British retailer Marks & Spencer estimates that a cyberattack that stopped it from processing online orders and left store shelves empty will cost it about 300 million pounds ($403m). The company said in a business update (PDF) on Wednesday that disruption from … Read more

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