Hackers Attempted to 'Destroy' Marks & Spencer, Chairman Reveals to MPs
During a hearing with MPs, Marks & Spencer's chairman disclosed that hackers targeted the company in an attempt to disrupt customer shopping. The cyber attack, described as 'traumatic,' is estimated to impact profits by £300m this year. The chairman emphasized the need for mandatory reporting of significant cyber attacks by large companies.

According to M&S Chairman, Mr. Norman, a criminal actor attempted to disrupt M&S operations, causing a potential multimillion-pound ransom demand. M&S has not confirmed if a ransom was paid. Co-op also faced a cyber attack but did not pay a ransom. The incident was described as traumatic, with the cyber team working tirelessly. M&S anticipates a £300m profit impact this year but hopes to recover some through insurance. Mr. Norman suggested mandatory reporting of significant cyber attacks for large companies.
According to the source: BBC.
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