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Europe@feddit.orgEnglish · 2 days ago

British retailer Marks&Spencer's profits almost wiped out after cyber hack left shelves empty

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British retailer Marks&Spencer's profits almost wiped out after cyber hack left shelves empty

randomname@scribe.disroot.org to

Europe@feddit.orgEnglish · 2 days ago

5

M&S profits almost wiped out after cyber hack left shelves empty

Marks & Spencer's online and in-store sales were hit by a cyber attack which it said cost it £101m

cross-posted from: https://scribe.disroot.org/post/5487147

Friendly reminder that 1.5% of European Nato countries’ GDP is earmarked for non-military defense like cyberattacks, disinformation campaigns, …

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The hack was “an extraordinary moment in time,” it said, as it revealed statutory profit before tax - a figure that reflects all costs for a period - slumped 99% from £391.9m to £3.4m for the first half of the year, compared with the year prior.

As well as disrupting its online business, the hack affected M&S in-store too, leaving some shelves bare in the weeks after it was targeted.

…

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mjr@infosec.pub
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2 days ago
On some things, but not everything. Their “Plan A” environmental commitment seems sometimes worth the extra cost, too.
- fossilesque@mander.xyz
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  19 hours ago
  Didn’t know about that. Neat. I go there as a treat or for prepped food and lunches. Quick bites. I get so spoilt with Aldi prices lol.

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