M&S: FTSE 100 share price growth helps swell CEO’s pay before cyber attack June 2, 2025 The rise in Marks & Spencer’s (M&S) share price before the FTSE 100 giant was hit by a major cyber attack has helped its chief executive’s pay swell to more than £7m, it has been revealed. Stuart Machin took home just over £7m for the retailer’s latest financial year, up from the £5m he received [...]
A third of UK fintechs put customers data at risk of cyber attack May 29, 2025 UK fintechs are putting thousands of customers in jeopardy by leaving themselves vulnerable to a cyber attack, shocking new research reveals. Nearly 800 firms’ digital presence was analysed by the ethical hacking platform Ethiack as it scrutinised their cybersecurity. Four in ten fintechs were found to be giving hackers a “powerful headstart” by revealing software [...]
Adidas hit in yet another UK retail data breach May 27, 2025 Adidas has confirmed a cyber attack that exposed the personal data of customers who contacted its help desk, adding the German sportswear giant to a growing list of major retailers hit by recent cybersecurity incidents. The breach, disclosed on 23rd May, involved unauthorised access to a third party customer service provider, through which attackers were [...]
Fintech hiring to boom after cyber attack carnage May 27, 2025 UK fintech is set for another shot of momentum after a series of cyber attacks on top retailers exposed a need for greater security expansion. Hiring in the industry is projected to increase 32 per cent in 2025 as risk and compliance becomes crucial amid surges in financial crime. Marks and Spencer suffered a near-£700m [...]
Cyber attacks: Co-op and Harrods ‘lacked insurance coverage’ May 23, 2025 Luxury retailer Harrods and the Co-op did not have cyber insurance policies in place when the retailers were hit by hackers last month
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 [...]
Tesco and Sainsbury’s supplier hit in latest cyber attack May 20, 2025 A key logistics supplier to several of the UK’s major supermarkets, including Tesco and Sainsbury’s, has confirmed it is being held to ransom by hackers following a cyber attack that disrupted operations this week, following a string of assaults on UK retail in the last month. Peter Green Chilled, which also supplies Aldi, said it [...]
Are cyber attacks about to become the norm for British retailers? May 20, 2025 In the last month, cyber attacks have gone from a destructive but uncommon issue to the top of most Brit’s news feeds. Marks and Spencer’s, Co-op, Harrods – plus the international Dior and Coinbase – have all been the target of attacks in the last months, with more unsuccessful or smaller attacks likely to have [...]
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 [...]