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Marks & Spencer Cyber Attack Costs £3 Million Daily

5/13/2025

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Summary

Story summary

Marks & Spencer (M&S) has revealed a cyber attack that exposed customer data, though payment details and passwords remain secure. CEO Stuart Machin assured that impacted customers will be informed. The breach has triggered major operational setbacks, costing the company over £3 million each day and resulting in a 7% decline in share price.

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Story summary

Marks & Spencer (M&S) has revealed a cyber attack that exposed customer data, though payment details and passwords remain secure. CEO Stuart Machin assured that impacted customers will be informed. The breach has triggered major operational setbacks, costing the company over £3 million each day and resulting in a 7% decline in share price.