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Marks & Spencer expects £300m hit in lost profits from cyber-attack
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Collecting Cyber-News from over 60 sources

Marks & Spencer expects £300m hit in lost profits from cyber-attack

Hack on IT systems since Easter weekend has forced halt to online orders and left M&S struggling to stack shelvesMarks & Spencer has said it will lose an estimated £300m as a result of a damaging cyber-attack that has forced it to <a href=”https://www.theguardian.com/business/2025/apr/25/marks-and-spencer-pauses-online-orders-cyber-attack-fallout”>halt online orders and struggle to keep store shelves stocked.The number was revealed as M&S said annual pre-tax profits rose a better than expected 22% to £876m ahead of the cyber attack. <a href=”https://www.theguardian.com/business/2025/may/21/cyber-attack-cost-marks-and-spencer-lost-sales-company-results-reveal”>Continue reading…

First seen on theguardian.com

Jump to article: www.theguardian.com/business/2025/may/21/cyber-attack-cost-marks-and-spencer-lost-sales-company-results-reveal

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