Story perspectives

UK Retailers Face Cyber Attacks, M&S Loses £1 Billion

5/7/2025

42 9

Summary

Story summary

Cyber attacks on UK retailers M&S, Co-op, and Harrods have led to empty shelves and payment disruptions.
M&S experienced a market value drop exceeding £1 billion, with weekly losses estimated at £15 million.
The National Cyber Security Centre advises businesses to strengthen security, focusing on password resets and multi-factor authentication.
Cabinet minister Pat McFadden highlighted improved cybersecurity as a crucial economic opportunity for the UK.

1 of 1

Story summary

Cyber attacks on UK retailers M&S, Co-op, and Harrods have led to empty shelves and payment disruptions.
M&S experienced a market value drop exceeding £1 billion, with weekly losses estimated at £15 million.
The National Cyber Security Centre advises businesses to strengthen security, focusing on password resets and multi-factor authentication.
Cabinet minister Pat McFadden highlighted improved cybersecurity as a crucial economic opportunity for the UK.