Marks and Spencer (M&S) has revealed it could lose up to £300 million in trading profits following last month’s ransomware attack, with operational disruptions expected to continue for months.
While the company plans to manage some costs to lessen the impact, disruptions to its operations are likely to last until July.
The cyberattack, linked to the hacker group Scattered Spider, has caused M&S’s online payment systems to remain offline. Partial website sales are expected to resume within a few weeks. Similar attacks targeted the Co-op and Harrods in late April. Both M&S and the Co-op confirmed that personal customer data, limited to names and contact details, were stolen, but payment information was not compromised.
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Montenegrin police, working alongside the United States' Federal Bureau of Investigation, have arrested an Iranian national accused of carrying out a series of cyberattacks that allegedly caused an estimated $3.4 billion in damage to U.S. infrastructure.
A cyber extortion group has claimed it stole more than a terabyte of data from Danish pharmaceutical giant Novo Nordisk after the company allegedly refused to pay a $25 million ransom.
Britain will back Jaguar Land Rover with a £1.5 billion loan guarantee to shore up its supply chain after the luxury carmaker’s production was halted by a cyberattack. The guarantee, underpinned by UK Export Finance, aims to prevent supplier collapse.
A man in his 40s has been arrested in West Sussex in connection with a cyberattack on Collins Aerospace that disrupted check-in systems across multiple European airports, including Brussels, Berlin and Heathrow.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 20th July, covering the latest developments you need to know.
At least six people were killed and 21 others injured after two earthquakes struck Peru's central Junín region, destroying dozens of homes and triggering a major emergency response.
Kylian Mbappé has become the first player to win the FIFA World Cup Golden Boot on more than one occasion. The French forward won the award presented to the top goalscorer of the tournament for the second time, despite France being knocked out in the semi-finals.
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Overnight U.S. strikes caused blackouts in southwestern Iran and hit the northwestern city of Tabriz for the first time. Separately, a U.S. soldier died in northern Iraq during a controlled detonation of an unexploded Iranian drone.
China's Foreign Ministry has said it is closely monitoring the United Kingdom's nationalisation of British Steel. Prior to the British government fully taking over the loss-making company on Thursday, it was previously owned by Chinese private steelmaker Jingye.
Apple is closing in on Nvidia's position as the world's most valuable publicly traded company, as investors increasingly bet the iPhone maker can turn artificial intelligence into sustained earnings growth.
AI-powered shopping assistant Phia has been accused of using "cookie stuffing" to claim affiliate commissions for purchases it did not generate, according to a Bloomberg investigation. The company says the issue has now been resolved.
The UK government has nationalised British Steel, taking full ownership of the country's only primary steelmaker from its Chinese owners to safeguard the future of the UK's steel industry.
Saudi Arabia is moving crude through the Red Sea port of Yanbu at close to maximum capacity this week, as tensions with Yemen's Houthis add to broader concerns over Gulf shipping routes, according to data and industry sources cited by Reuters.
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