M&S staff data stolen by hackers in cyber attack
Marks & Spencer has warned its staff that some of their personal data were stolen in a cyber attack last month that has crippled the high street retailer.
Sources said bosses had told staff they believed email addresses and full names had been taken as part of the hack, which has forced M&S to halt online ordering for almost a month.
It comes after the high street stalwart this week warned customers to beware of scam calls and emails after admitting their data may have been breached as part of the heist.
It wrote to millions of its customers to tell them that details including contact information, dates of birth and order histories, as well as 'masked' credit card information, may have been taken.
M&S has not confirmed how many customers it believes were affected. It is understood it informed shoppers and staff of the data leaks as soon as it was able to do so.
Jayne Wall, the M&S operations director, told customers this week: 'Remember that we will never contact you and ask you to provide us with personal account information, like usernames, and we will never ask you to give us your password.
'Importantly, the data does not include useable card or payment details, and it also does not include any account passwords.'
M&S staff have been forced to revert to manual systems with swathes of the retailer's technology not working. Shelves have been left empty as it has struggled to manage its inventory and it has implemented a hiring freeze.
The hack has wiped almost £1bn from M&S's market valuation and is believed to be costing the retailer tens of millions of pounds in lost sales every week. The FTSE 100 business will present its full-year results on May 21.
Meanwhile, Co-op this week said its systems were returning to normal after weeks attempting to recover from the cyber attack launched against it. The supermarket was forced to take large parts of its IT systems offline after it was targeted by hackers. They have also admitted that customer data was stolen in the breach.
The BBC reported that the Co-op's security team had 'yanked the plug' when they discovered they were being hacked, shutting down their IT but preventing further damage.
A spokesman for the Co-op said this week: 'Following the malicious third-party cyber-attack, we took early and decisive action to restrict access to our systems in order to protect our Co-op.
'We are now in the recovery phase and are taking steps to bring our systems gradually back online in a safe and controlled manner.'
The hack comes amid a cyber crime spree against British retailers. The attacks have been blamed on a hacking 'cartel', known as Dragonforce, which uses ransomware, a type of virus designed to lock down IT systems, before demanding payment to release them.
The series of cyber crimes have also been linked to a group known as Scattered Spider, believed to be made up of teenagers from Britain and America.
Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


CNBC
39 minutes ago
- CNBC
Jobs, profit-taking and 2 other things that drove the stock market this week
The very public implosion of President Donald Trump and Elon Musk 's alliance may have captivated Wall Street this week, but the government's solid monthly employment report was the real showstopper. In addition to those two developments, earnings from Club names CrowdStrike and Broadcom , and the back-and-forth between Trump and Chinese President Xi Jinping on trade defined the market. 1. Jobs, stocks , Fed : The S & P 500 jumped 1% on Friday on the labor data , which showed job growth in May that was strong enough to ease fears of a recession and warmer-but-not-too-hot wage inflation. With both sides of the Federal Reserve's dual mandate of maximizing employment and fostering price stability in check, the market still felt comfortable rooting for an interest rate cut down the line. For the week, the S & P 500 rose 1.5% , logging its back-to-back weekly gains. For the second time this week, and despite Friday's solid nonfarm payrolls data, Trump prodded Fed Chairman Jerome Powell to cut rates – this time, calling for a full percentage point reduction . The market is predicting virtually no chance of a reduction at the central bank's upcoming meeting later this month. On Wednesday, the president called for a Fed rate cut after the weak ADP private sector hiring report. Powell has been saying all along that he won't be influenced by politics and will be economic data dependent. The Fed chief has also said he would like to see more data on whether Trump's tariffs, which are moving targets and not finalized, negatively impact the economy. 2. Scorched Earth : Could the relationship between the world's most powerful man, Trump, and the world's richest, Musk, end any other way than the way it did Thursday? Both billionaires went after each other on social media. Trump called Musk "crazy" and threatened to kill federal contracts with Musk's companies, including SpaceX. Musk called for Trump's impeachment, criticized Trump's "Big Beautiful Bill" of tax cuts and spending priorities making its way on Capitol Hill, and then said SpaceX would decommission its Dragon spacecraft. Musk later took back that last part. Tesla shares sank over 14% on Thursday – but on Friday, recovered more than 3.5%. Also on Friday, Trump said he was not interested in having a call with Musk. Putting all the drama aside, there are real issues at play here concern the federal budget deficit and the billions upon billions of dollars of stock market value that has been erased from Musk's Tesla . Shares have lost more than 25% year to date. 3. Back on, again : The other Washington-related saga that has implications for stocks is trade talks between the U.S. and China. Trump announced on Friday that U.S.-China trade talks will take place Monday in London. The news comes after Trump and Xi finally talked on the phone Thursday. Last month, high-level U.S. officials met with their Chinese counterparts in Geneva, Switzerland, where they each agreed to pause most of the triple-digit tariff rates on each other's imports. Before the Trump-Xi call, the U.S. president accused China of violating that agreement – to which the Chinese accused the U.S. of not adhering to the deal. Reuters reported on Friday that China granted licenses for rare earth elements to the top three U.S. automakers. Back in April, China, which dominates in rare earths, put export curbs on the resources, which are key to making many of our modern-day products. 4. Records, then selling : Both CrowdStrike and Broadcom saw their stocks finish at record closing highs ahead of this week's respective earnings reports, which led to selling. CRWD YTD mountain CrowdStrike YTD Shares of CrowdStrike hit its closing record of just under $489 on Tuesday. Then after the bell, the cybersecurity delivered a mostly solid quarter . The stock lost 5.8% on Wednesday. Good old profit-taking after a big run to all-time highs contributed to the selling, and so did concerns about mixed guidance and some noise around federal government inquiries into the company — though nothing has changed in our stance toward last July's massive IT outage and its dealings with software reseller Carahsoft. The outage was caused by a botched CrowdStrike software update. CEO George Kurtz appeared on "Mad Money" with Jim and defended his company in the probes , saying the company is cooperating with investigators. On earnings night, we raised our price target to $500 per share from $400 but kept our hold-equivalent 2 rating in recognition of this year's more than 35% gain in the stock. Shares were modestly higher on Thursday and Friday. AVGO YTD mountain Broadcom YTD Broadcom shares closed at a record high of $261 each Wednesday. Then, after Thursday's close, Broadcom delivered a strong quarter and upbeat comments about its key artificial intelligence business. There are no signs that demand for the company's custom AI chips, or "accelerators," and networking solutions will let up anytime soon. On the software side, Broadcom continues to make the most of its blockbuster VMware acquisition. But again, profit-takers swooped in during Friday's session and pushed the stock down 5%. On earnings night, we raised our price target on the stock to $290 per share from $230 but kept our 2 rating. During Friday's Morning Meeting, Jim did tell investors without a position in Broadcom that it would be a good time to buy, starting with a partial position then building it up over time. (Jim Cramer's Charitable Trust is long CRWD, AVGO. See here for a full list of the stocks.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Yahoo
an hour ago
- Yahoo
Crypto Currents: Strategy buys more bitcoin
As bitcoin, ethereum and other cryptocurrencies get increasing attention from investors, Wall Street and its traditional banks continue to adjust to the shift. Catch up on this week's top stories highlighting the intersection of these old guard and new school areas of finance with this recap compiled by The Fly. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter STRATEGY BUYS MORE BITCOIN: Strategy (MSTR) announced updates on Monday with respect to its at-the-market offering programs and bitcoin holdings. The company purchased 705 bitcoin during the period of May 26 to June 1 at an aggregate purchase price of $75.1M. Strategy now holds 580,955 bitcoin. TRUMP MEDIA FILES REGISTRATION STATEMENT FOR BITCOIN ETF: On Thursday, Trump Media and Technology Group (DJT) announced the filing with the U.S. Securities and Exchange Commission of the initial registration statement on Form S-1 for the Truth Social Bitcoin ETF. The ETF will hold bitcoin directly and offer its shares to investors, aiming to reflect bitcoin's price performance. will act as the ETF's exclusive bitcoin custodian, prime execution agent and liquidity provider. The launch of the Truth Social Bitcoin ETF is pending effectiveness of the Registration Statement as well as approval of a Form 19b-4 filing with the SEC. Upon launch, the Shares will be listed on NYSE Arca. Yorkville America Digital acts as the sponsor of the ETF. Additionally on Thursday, Trump Media announced it has filed a registration statement on form S-3 with the U.S. Securities and Exchange Commission related to debt and equity subscription agreements recently entered into with approximately fifty investors that yielded approximately $2.3B in total proceeds. The proceeds will be used for the company's creation of a bitcoin treasury and for general corporate purposes. In accordance with registration obligations in the previously-disclosed agreements, the Registration Statement seeks to register for resale by the investors approximately 56M shares of equity and 29M shares underlying convertible notes. Additionally, having recently become form S-3 eligible, Trump Media is taking the customary step of including within the Registration Statement a universal shelf. CEO Devin Nunes said, 'These activities will provide the company with the capital, assets, independence, flexibility, and security we need to fulfill our goals of rapid expansion, guaranteeing a wide array of ways to access the capital markets when it's most advantageous to do so. We're systematically putting in place all the elements we need to grow the company according to our plans, acquire crown jewel assets, and draw more customers and users into the patriot economy.' MAWSON INFRASTRUCTURE APPOINTS INTERIM CEO: In a Thursday regulatory filing, Mawson Infrastructure Group (MIGI) reported it had provided Rahul Mewawalla with notice that termination of his employment as CEO and President of the company for 'Cause', based on conduct specified in the notice, will be considered at a future meeting of the company's Board of Directors, at which the Board will determine whether his conduct constitutes Cause sufficient to terminate Mewawalla in accordance with the terms of his employment agreement. Mewawalla's employment agreement with the company provides for a cure period, which will end on June 14. On June 2, the Board determined to place Mewawalla on administrative leave from his position as CEO and President and appointed Kaliste Saloom to serve as Interim CEO. Saloom has served as General Counsel and Corporate Secretary since July 1, 2024. HUT 8 INITIATED WITH BUY: On Thursday, Roth Capital initiated coverage of Hut 8 (HUT) with a Buy rating and $25 price target. Hut 8 is transforming into a power-first digital infrastructure platform, with 1.0GW energized, 2.6GW under exclusivity, and long-term growth visibility from bitcoin hosting and high-performance computing colocation, the analyst said. The firm added three HPC sites position the company to benefit from artificial intelligence demand, offering 60%-plus adjusted EBITDA margins. The combination of highly visible colocation agreements in bitcoin and HPC provides Hut 8 a strategic advantage, leading to margin expansion and re-rating potential with strategic execution, contended Roth. ANALYST CALLS GAMESTOP, STRATEGY VALUATION DISPARITY 'BAFFLING': On Thursday, Wedbush reiterated an Underperform rating on GameStop (GME) with a $13.50 price target after the company last week disclosed that it purchased 4,710 bitcoin, 'following the MicroStrategy playbook.' However, Strategy currently trades 1.75-times its bitcoin holdings, while GameStop trades at 2.4-times cash value, suggesting that investors value GameStop's entry into bitcoin at the same premium they assign to Strategy shares, but value GameStop's core operations at $8 per share, the analyst said. The firm added that while it is likely GameStop will convert more of its cash into bitcoin, the disparity in valuation between company and Strategy 'is baffling.' Both companies provide bitcoin investors the ability to use margin to invest in crypto, but GameStop's holdings 'are literally 1% as great as MSTR's,' according to Wedbush. The firm believes GameStop's entry into the trading card business has delivered 'modest success,' but it sees no potential for a rebound in the company's core business. OTHER CRYPTO NEWS: Bitcoin Depot (BTM) price target raised to $6 from $5 at Northland Riot Platforms (RIOT) hires Jonathan Gibbs as Chief Data Center Officer Trump's USD1 (JPM) to offer clients financing against crypto ETFs World Liberty Financial reportedly sends cease-and-desist over memecoin CRYPTO STOCK PLAYS: Publicly traded companies in the space include Bit Digital (BTBT), Coinbase (COIN), Core Scientific (CORZ), Greenidge Generation (GREE), Mara Holdings (MARA), Strategy, Riot Platforms and TeraWulf (WULF). PRICE ACTION: As of time of writing, bitcoin dropped roughly 1% this week to $104,449 in U.S. dollars, according to CoinDesk. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on MSTR: Disclaimer & DisclosureReport an Issue Strategy Announces Underwriting Agreement with Barclays World Liberty Financial sends cease-and-desist over memecoin, Bloomberg reports GameStop and Strategy valuation disparity 'baffling,' says Wedbush Stablecoin Issuer Circle (CRCL) Soars 235% in Market Debut JPMorgan to offer clients financing against crypto ETFs, Bloomberg reports
Yahoo
an hour ago
- Yahoo
British backpacker faces 20 years in jail over fatal e-scooter crash
A British backpacker is facing up to 20 years in an Australian jail after being charged with killing a pedestrian she hit while riding an e-scooter. Alicia Kemp, 24, is alleged to have been three times the legal alcohol limit when she collided with Thanh Phan, a 51-year-old engineer said to have been standing on a footpath. Mr Phan, a father of two, had been waiting to cross the road in Perth's central business district when Ms Kemp, who had a passenger on the e-scooter, struck him on May 3. Mr Phan died in hospital from brain passenger, understood to be a 26-year-old friend of Ms Kemp, suffered a fractured skull and a broken nose. Ms Kemp, a psychology graduate from Redditch, Worcs, was denied bail when she appeared in court in Perth charged with dangerous driving occasioning bodily harm and dangerous driving occasioning death. The magistrate said she was too great a flight risk to be freed on bail. If convicted, the maximum penalty is 20 years' imprisonment. Ms Kemp was supported in court by her family, who travelled from the UK, and her boyfriend, with whom she was touring the world. She graduated from Nottingham Trent University with a BSc in psychology with criminology, before completing a masters in forensic mental health. She went on to work with children in care who had emotional, behavioural, physical and intellectual difficulties. In the summer of 2023, she began a two-year trip around the world, posting her adventures on TikTok and describing herself as a 'digital nomad'. She worked as an English teacher in Vietnam and volunteered at an animal shelter in the Philippines. She was in Australia on a four-month working holiday visa, and had been working at Durty Nelly's Irish Pub in Perth. The police have claimed she was travelling at speeds of up to 15mph before she hit Mr Phan from behind. She was said to have been drinking since 2.30pm and the collision happened after 8pm. Prosecutors told the court her 'inexplicably dangerous' riding was captured by CCTV, and other pedestrians had to 'take evasive action' as she allegedly rode the e-scooter on the footpath. She was said to have had a blood alcohol level of 0.158. Local laws dictate that those riding electric vehicles like e-scooters must have a level below 0.05 to drive. As a result of the collision, the city of Perth suspended the hire of e-scooters. Dr Michael Page, the West Australia president of the Australian Medical Association, told that at least one person a day was admitted to trauma units in the state with major injuries caused by e-scooters. He added that the number of patients with really serious injuries had been increasing. 'It's really a scourge in terms of injuries in our society and the problem with these council-endorsed private hire e-scooters in city centres is people are hopping on without any experience [of] riding e-scooters,' he said. 'They're often intoxicated. They might be riding at night. They might not be wearing proper protection and so the chance for something to go wrong is very, very high.' Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.