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 [...]
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 [...]
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 [...]
Cyber attack: Coinbase warns of $400m hit after data breach May 15, 2025 Crypto exchange Coinbase has disclosed a significant cyber attack that could cost the company between $180m (£135m) and $400m (£300m), after hackers breached account data belonging to a “small subset” of its users. The news sent shares down three per cent in pre-market trading on Thursday. Coinbase said it received an email from an unknown [...]
Dior latest retailer to be targeted by cyber attack May 15, 2025 French luxury house Dior has confirmed a cyber attack resulting in a data breach that compromised personal customer information, primarily in China, as cyber security threats continue to plague the retail sector. The company said the breach was discovered on 7 May and involved ‘unauthorised access’ to a customer database. While no financial or banking [...]
AI risks creating a cyber crunch for the UK’s national infrastructure May 14, 2025 The UK’s cyber watchdog has warned that artificial intelligence (AI) could significantly increase the country’s exposure to cyber attacks, especially those across its critical infrastructure, unless urgent steps are taken. In a recent report, the National Cyber Security Centre (NCSC) argued that AI is already transforming the threat landscape, and that by 2027, it could [...]