M&S Cyberattack: £300 Million Loss Exposes Retail Risks
Marks & Spencer’s recent cyberattack resulted in a staggering £300 million loss, highlighting the vulnerability of even large corporations to sophisticated cyber threats. The attack, attributed to human error involving a third-party supplier, caused significant operational disruptions, including empty shelves, halted online sales, and massive food waste. The incident underscores the critical need for robust cybersecurity measures and comprehensive cyber insurance policies for businesses of all sizes. The company is now accelerating its digital transformation program to enhance its defenses. Learn more about the implications of this major cyber event and how businesses can protect themselves from similar attacks. Click here to read the full story!