The retail giant for a loss of 403,000,000 dollars after the “very advanced and targeted” electronic attack was subjected to sensitive customer data
Marks & Spence (M & S) is expected to lose more than $ 400 million due to the electronic attack that disrupted commercial operations.
In a new note for investors, M & S He says The company believes that the electronic attack will reduce profits in the financial years 2025-2026 operating budget by $ 403 million, “before mitigating costs, insurance and trade.”
The CEO of M & S Stuart Machin says,
“During the past few weeks, we have been running a very sophisticated and targeted electronic attack, which led to a limited period of turmoil. We have dealt with this face to take care of an incredible spirit, collective action and a deep sense of responsibility while giving priority to serving our customers …
As one team, we worked around the clock with suppliers and partners to contain the accident and stabilize operations, taking pre -emptive measures to reduce customer disorder. ”
Machin also says sales disorders due to the electronic attack, which the company announced on April 22, may continue during the next two months.
“In fashion, home, beauty, online sales and trading profits, I was strongly affected by the decision to stop shopping online, yet the stores remained flexible. We expect the disturbance to continue online throughout June to July during the restart, and then increase operations.”
M & S Cyber -Watchak allowed electronic criminals to obtain sensitive personal information from retailers, including contact details, birth date and online request date.
The accident appears to be linked to a wider process by a piracy group known as “Dragonforce”, which also claimed responsibility for violating the cooperative food grocery chain, also in the UK.
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