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M&S CEO Directly Targeted by Hackers Demanding Ransom Payout

  • On April 23, 2025, Marks & Spencer CEO Stuart Machin received a ransom demand email from the hacker group DragonForce using a compromised employee account.
  • The cyberattack followed a major breach of M&S’s IT systems, which disrupted operations since Easter and led to customers being warned of stolen data three weeks later.
  • Hackers boasted about encrypting all servers, stealing millions of customers’ personal data, and linked the attack to a similar breach at Co-op, while the retailer suspended online orders.
  • M&S forecasts a £300 million profit loss due to the attack, and CEO Machin’s total pay package rose 39% to £7.1 million for the year to March 2025, reflecting performance despite disruption.
  • The incident implies ongoing operational challenges for M&S with investigations focusing on DragonForce and related groups, while the retailer declines to comment on ransom or breach specifics.
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wiredfocus.com broke the news in on Friday, June 6, 2025.
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