US EditionCyber attack on M&S involved 'sophisticated impersonation', chairman says
UNITED KINGDOM, JUL 08 – Marks & Spencer faced a six-week shutdown of online services and a £300 million profit loss after a ransomware attack by DragonForce and Scattered Spider hacker groups, chairman said.
- On 8 July, Marks and Spencer disclosed that a complex impersonation scheme caused them to halt their online shopping services for close to seven weeks.
- The initial breach occurred on 17 April via social engineering, where attackers impersonated an employee to reset a password through a third party.
- The attack is believed to have been carried out by DragonForce, a mostly Russian-speaking ransomware group linked to Scattered Spider, which encrypted servers and stole data.
- M&S anticipates the cyberattack will result in approximately £300 million in lost profits this year, but plans to offset around 50% of this through strategies such as cost control, insurance claims, and additional actions.
- The company chose not to deal directly with hackers, shared details fully with authorities, declined to discuss ransom payments publicly, and remains in rebuild mode after a 'traumatic' ordeal.
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Three teenagers among four people arrested over M&S cyber-attacks
Three teenagers and a woman have been arrested as part of an investigation into cyber attacks targeting Marks & Spencer, the Co-op and Harrods.The National Crime Agency (NCA) said the four were arrested early on Thursday on suspicion of blackmail, money laundering, offences linked to the Computer Misuse Act and participating in the activities of an organised crime group.The arrests included a 17-year-old British man from the West Midlands, a 19-…
Woman and three teenagers arrested over cyber attacks on M&S, Co-op & Harrods
THREE teenagers and a woman have been arrested as part of an investigation into cyber attacks targeting Marks & Spencer, Co-op and Harrods. The National Crime Agency (NCA) said the individuals were arrested early this morning on suspicion of blackmail, money laundering, offences linked to the Computer Misuse Act. ReutersM&S suffered from months of disruption earlier this year, following a cyber attack[/caption] They were also arrested on suspici…
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