#Latest news with #JustinKuruvillaDaily Mail12-05-2025BusinessDaily MailCyber crisis stings M&S shares for fourth week with the firm's value down by £1.3bn since the attackMarks & Spencer shares plunged again as it entered the fourth week of its cyber crisis – with the firm's value dropping by £1.3billion since the attack. The High Street retailer has had to suspend online fashion and homeware shopping following a hack thought to be the work of teenage criminals. Some stores are lined with empty shelves as chaos from the attack over the Easter bank holiday continues. M&S has been hit by an estimated £68million of lost online business. Shares fell 3.3 per cent yesterday. This means they are down nearly 16 per cent since the attack. Hackers named DragonForce claim to have stolen the data of millions of customers and said they are trying to force their victims to pay a ransom. It also says it hacked the Co-op and Harrods. Justin Kuruvilla, at UK-based supply chain security specialist Risk Ledger, said it was tricky to predict when the website would be up and running again. 'The last thing M&S will want is to have overlooked a backdoor left open by the attackers that can then be used to regain entry,' he said.
Daily Mail12-05-2025BusinessDaily MailCyber crisis stings M&S shares for fourth week with the firm's value down by £1.3bn since the attackMarks & Spencer shares plunged again as it entered the fourth week of its cyber crisis – with the firm's value dropping by £1.3billion since the attack. The High Street retailer has had to suspend online fashion and homeware shopping following a hack thought to be the work of teenage criminals. Some stores are lined with empty shelves as chaos from the attack over the Easter bank holiday continues. M&S has been hit by an estimated £68million of lost online business. Shares fell 3.3 per cent yesterday. This means they are down nearly 16 per cent since the attack. Hackers named DragonForce claim to have stolen the data of millions of customers and said they are trying to force their victims to pay a ransom. It also says it hacked the Co-op and Harrods. Justin Kuruvilla, at UK-based supply chain security specialist Risk Ledger, said it was tricky to predict when the website would be up and running again. 'The last thing M&S will want is to have overlooked a backdoor left open by the attackers that can then be used to regain entry,' he said.
12-05-2025
