Palo Alto rallies on M&S hacks, but earnings fail to woo investors May 22, 2025 A spate of high profile cyber incidents on British retailers, including Co-op, Harrods, and most notably, Marks and Spencer, has placed cybersecurity spend back in the limelight – and Palo Alto is reaping the costs. Yet, investors are digesting a mix set of quarterly results revealed on Thursday. Ben Barringer, global tech analyst at Quilter [...]
M&S raises dividend after profit surge – despite cyber hit May 21, 2025 Marks and Spencer has boosted its dividend after reporting profit at a 15-year high, despite the significant impact of its ongoing attack. M&S told investors it would raise its yearly dividend by 20 per cent to 3.6p this year. The dividend boost came after the high street darling told markets that profit before tax and [...]
MPs grill Barclays on outages as HSBC raises cyber attack concerns May 20, 2025 Bank chiefs have said they are ramping up spend on cyber defences after a spate of attacks have blighted the retail sector. HSBC’s UK boss Ian Stuart told the Treasury Committee the bank’s work on cyber protection and IT infrastructure was the “biggest expense in the business”. “Cyber security is at the top of the [...]
Cyber attacks will get worse without serious regulation, experts say May 20, 2025 Cyber experts have said that changes must be made to reverse three years of damage to companies’ supply chain security after a spate of attacks on UK retailers. Their warnings follow yet another cyber attack at a UK firm, this time Peter Green Chilled – supplier to Tesco, Sainsbury’s and Aldi. “It is not a [...]
M&S attack exposes long term cyber fallout for UK firms May 19, 2025 The long tail of cyber attacks is becoming clearer, and more costly, for UK businesses. New data from Hiscox revealed the long term brand and commercial damage from breaches has more than doubled in the past year, underscoring the mounting risks in an AI-driven threat landscape. In its latest cyber readiness report, Hiscox found that [...]
Legal Aid cyber attack: Huge amount of personal data stolen May 19, 2025 The hackers behind the cyber attack on the Legal Aid Agency downloaded a significant amount of personal data of those who applied for aid
Shareholders eye more details on M&S cyber attack impact May 18, 2025 Investors will be hoping that Marks & Spencer can shed light next week on the impact of a damaging cyber attack which has halted all online orders at the retail giant. The company will unveil its financial performance for the past year in an update to the stock market on Wednesday, May 21. However, attention [...]
North Korean hackers use fake WFH jobs to infiltrate UK firms May 15, 2025 North Korean state-backed hackers are using AI generated resumes and stolen identities to infiltrate UK firms, under the guise of remote IT working. According to a new threat report from Crowdstrike, the group – known as ‘Famous Chollima’ – has pivoted its focus from the US to the UK and Europe after a string of [...]
M&S to make £100m cyber claim from Allianz and Beazley May 14, 2025 Marks and Spencer is preparing to claim as much as £100m from its cyber insurance policy, following a major cyber attack that disrupted operations and led to the theft of some customer data. The UK retailer admitted for the first time on Tuesday that personal information, including customer contact details, dates of birth, and online [...]
Co-op: All forms of payment now working after cyber attack May 14, 2025 The Co-op has told its customers that all forms of payments are now working at its stores and online while stock levels should improve by this weekend. The Manchester-headquartered group, which operates almost 2,400 stores around the UK, said it is in “the recovery phase” after suffering a significant cyber attack which caused two weeks [...]