Summary
Hackers targeted Marks & Spencer (M&S) in a cyber attack, disrupting online orders and leaving some store shelves empty. The attack is believed to be carried out by a group called DragonForce, with motives possibly related to ransom or extortion. M&S expects the effects of this attack to affect customers until the end of the current month and predicts a profit loss of about £300 million.
Key Facts
- Hackers attempted to disrupt or damage Marks & Spencer's business.
- The attack affected online orders and caused empty shelves in some stores.
- A group named DragonForce is believed to be responsible for the attack.
- The exact motives of the hackers are unclear but may include ransom or extortion.
- Marks & Spencer plans to operate normally for customers by the end of July.
- Background systems will still be under repair until October or November.
- The company expects a profit loss of about £300 million due to the attack.
- Marks & Spencer hopes to recover some financial loss through insurance.
