www.insurancebusinessmag.com Major Cyber Attacks Hit UK Retail Sector, Costing Millions
Article Content
- •Harrods, Co-op, and M&S were targeted in recent cyber attacks.
- •M&S estimated a £300 million loss due to operational disruptions.
- •The incidents have prompted a reevaluation of cyber insurance practices.
The UK retail sector has faced significant cyber attacks affecting major brands, including Harrods, Co-op, and Marks & Spencer (M&S). Harrods reported an attempted hacking incident, while Co-op confirmed the theft of large amounts of customer and staff data. M&S's breach led to a £300 million loss in operating profit, forcing the retailer to revert to manual stock management across its stores. The attacks have raised alarms in the cyber insurance market, prompting calls for improved supply chain assessments. The ongoing impact on customer experience and brand reputation remains severe, with M&S's online services still non-operational a month after the attack. The situation highlights the urgent need for enhanced cybersecurity measures across the retail sector.
Ask AI about this cluster
Answers cite the sources they use
Timeline
More articles in this cluster (2)
Following this threat?
Track ASOS in your own feed — you're alerted when they show up in new reporting, leak sites or exploitation.
Free account · no card needed
Common questions
What brands were affected by the attacks?
What is the estimated cost of the M&S breach?
Are there ongoing operational issues for M&S?
Continue Reading
CVE-2015-3306 Exploited in ProFTPD FTP Servers CVE-2015-3306, a vulnerability in ProFTPD 1.3.5, allows remote attackers to read and write arbitrary files using the SITE CPFR and SITE CPTO commands. This exploit can lead to unauthorized access and potential remote code execution, as the commands are executed with the privileges of the ProFTPD service. Active…
CISA Mandates Urgent Patching of Five Critical Flaws Exploited by Flax Typhoon The U.S. Cybersecurity and Infrastructure Security Agency (CISA) has ordered federal agencies to patch five critical vulnerabilities by October 11, 2026, following exploitation by the China-linked hacking group Flax Typhoon. The vulnerabilities, added to CISA's Known Exploited Vulnerabilities (KEV) catalog, include…