UK Retailers Hacked: Marks & Spencer and Co-op Hit with £440m Cyber Punchline
Cyber Monitoring Centre links M&S and Co-op cyber-attacks to the same threat actor. Scattered Spider is suspected of using social engineering and compromised credentials. The financial impact is estimated between £270m-£440m, with M&S experiencing a 22% drop in daily spend and Co-op an 11% fall. Welcome to the dark web of retail therapy!
Hot Take:
Looks like the UK retail scene just got a surprise makeover, courtesy of some cyber hoodlums! Who knew that a threat actor could be as fashion-forward as M&S, but with much less charm? Maybe they’re just trying to get ahead of the competition by making everyone else take a ‘timeout’ from online shopping. Retailers, brace your Wi-Fi – it’s a hostile world out there!
Key Points:
- Cyber Monitoring Centre (CMC) links M&S and The Co-op attacks as one combined cyber event.
- Suspected common threat actor: Scattered Spider, a notorious hacking collective.
- Harrods was also attacked but not officially linked due to sparse details.
- Estimated financial impact ranges from £270m to £440m for M&S and The Co-op.
- Incidents categorized as a Category 2 systemic event indicating significant impact.
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