UK unveils cyber security war chest after M&S and Co-op attacks June 18, 2025 The UK government has launched a £16m war chest with the aim to accelerate growth in the country’s cyber security industry in the wake of high-profile attacks against the likes of M&S, the Co-op and Harrods in recent months. Unveiling the funding, the Department of Science, Innovation and Technology (DSIT) said the cyber growth action [...]
23andMe handed huge fine days after rescue June 17, 2025 Testing firm 23andMe has been fined more than £2m for failing to protect the sensitive personal and genetic data of more than 155,000 UK customers, in what regulators described as a “profoundly damaging” breach. The UK’s Information Commissioner’s Officer (ICO) has fined the company £2.31m following a joint investigation with its Canadian counterpart, the Office [...]
Exclusive: Cybersecurity investment fuels £27bn boost for UK firms June 16, 2025 UK businesses are generating an estimated £27bn in additional revenue annually from investing in cyber security, according to exclusive findings shared with City AM by cyber security provider ESET. The research comes as a wave of cyber attacks continues to hit major organisations across the country, unveiling the commercial and operational stakes of digital security. [...]
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]
M&S: FTSE 100 retail giant resumes online orders after cyber attack June 10, 2025 Marks and Spencer has resumed online orders six weeks after a cyber attack forced it to pause e-commerce operations. On its website, M&S said that customers “can now place online orders for home delivery to England, Scotland and Wales”, while deliveries to Northern Ireland will restart in the coming weeks. In a Linkedin post, managing [...]
M&S: Shares in FTSE 100 firm to hit 10-year high, say analysts June 6, 2025 Shares in Marks and Spencer (M&S) have been tipped to rocket to their highest valuation in ten years in the wake of the FTSE 100 giant battling a major cyber attack. Off the back of the British icon’s full-year results, analysts are predicting that shares in M&S will rise to more than 420p each. The [...]
Mastercard: Fraud attempts jump as retailers feel cyber attack sting June 3, 2025 The head of artificial intelligence at Mastercard said the payment giant had seen a surge in fraud attempts, which follows a string of cyber attacks on major retailers. Greg Ulrich, chief data and AI officer at Mastercard, told City AM the payments network is “attacked perpetually” by fraudsters. The payments network recorded a 40 per [...]
Personal information stolen from Cartier in latest cyber attack June 3, 2025 Luxury brand Cartier has become the latest retailer to report a data breach as cyber attacks continue to hammer the sector. The Richemont-owned brand has warned customers that hackers have stolen a “limited” amount of personal information from its systems. In an email sent to customers and shared on social media, the company said the [...]
Gone phishing: the rise of retail cyber crime in three charts June 2, 2025 In the past month alone, cyber attacks have gone from occasional headlines to near-daily national news fixtures. Marks and Spencer’s, Co-op, Harrods – along with international names like Dior and Coinbase – have all recently fallen victim to cyber incidents. Retailers in particular have found themselves in the cross hairs, and while not every incident [...]
Cyber attacks: What do hackers do with your data? May 30, 2025 A wave of cyber attacks across the UK has left hundreds of thousands of Brits’ personal information vulnerable to online criminals. M&S admitted that hackers stole personal data – but not payments information or passwords – in a cyber attack at the end of April, while recent breaches at the NHS and Legal Aid resulted [...]