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Just recently, UK retailer Marks & Spencer became the latest high-profile victim, with a cyber incident that disrupted core business operations and drew headlines across the country. This follows a string of similar attacks targeting household names and critical infrastructure providers around the globe, demonstrating the trend of cybercriminals becoming more sophisticated.
The impact of these breaches extends far beyond temporary disruption. Businesses face operational paralysis, financial losses, reputational damage, and regulatory scrutiny.
In Marks & Spencer’s case, online orders were initially paused for six weeks with plans to continue for another four, and operations suffered inefficiencies such as low stock and food waste. It is estimated that the retailer has lost in excess of £300 million.