Marks & Spencer, Cyberattack and British Retailer M&S
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Andrew Mackie assesses whether the Marks and Spencer share price can continue to outperform the FTSE 100 index in the years ahead. The post Up 300% in 5 years, the Marks and Spencer share price looks unstoppable to me appeared first on The Motley Fool UK.
THE boss of Marks And Spencer has pledged the high street giant “will bounce back stronger” from a cyber attack — and compared the financial toll to the Budget tax raid. Chief exec Stuart Machin
Marks & Spencer Group PLC closed 10.32% short of its 52-week high of £4.18, which the company reached on April 22nd.
It’s not clear how many individuals’ data was stolen during the hack. When reached by TechCrunch, Marks & Spencer spokesperson Alicia Sanctuary would not say how many individuals are affected and referred TechCrunch to its online statement. Marks & Spencer had 9.4 million online customers as of 30 March 2024, per its most recent annual report .
Marks & Spencer has revealed that customers' personal data was stolen by hackers in the recent cyber attack. The retail giant was hit by the cyber attack about three weeks ago and has struggled to get all of its services back to normal, with online orders ...
Marks & Spencer has said disruption from a major cyber attack is expected to continue through to July and cost the company around £300 million. The high street giant, which has a flagship branch at Fosse Park, halted orders on its website and saw empty shelves after being targeted by hackers around the Easter weekend.
Marks & Spencer has reopened its website for customers to browse online after taking the site down overnight as part of efforts to recover following a major cyber attack. The retail giant had taken the site down in order to carry out updates.
A "highly sophisticated and targeted" cyberattack will cost Marks & Spencer about 300 million pounds ($403 million) in lost operating profit, and disruption to online services is likely until July, the British retailer said on Wednesday.