M&S expects online disruption to continue throughout June and into July.
M&S has confirmed that its online services will remain disrupted until at least July following last month’s cyber-attack.
The retailer says a gradual restoration of services has begun after the attack initially impacted click-and-collect and contactless payment services. According to BBC News, the company said it expects “online disruption to continue throughout June and into July as we restart, then ramp up operations.”
However, the incident expected to wipe £300 million from this year's profits; about a third of the retailer's annual total. Some of the losses are expected to be covered by cyber insurance, though analysts warn of additional costs such as legal fees and potential regulatory penalties.
Written by
Dan Raywood is a B2B journalist with 25 years of experience, including covering cybersecurity for the past 17 years. He has extensively covered topics from Advanced Persistent Threats and nation-state hackers to major data breaches and regulatory changes.
He has spoken at events including 44CON, Infosecurity Europe, RANT Forum, BSides Scotland, Steelcon and the National Cyber Security Show, and served as editor of SC Media UK, Infosecurity Magazine and IT Security Guru. He was also an analyst with 451 Research and a product marketing lead at Tenable.
