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Baner Club > Blog > Crime and Juistice > Britain’s retailers rocked by cyberattacks as M&S loses £700m within week
Crime and Juistice

Britain’s retailers rocked by cyberattacks as M&S loses £700m within week

Some £700m has been wiped off stock market value of M&S since cyberattack was revealed last week

Last updated: 2025/05/06 at 5:41 PM
Published May 6, 2025
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LONDON: Cyberattacks have severely damaged some of the largest shops in Britain. For example, Marks & Spencer (M&S) lost £700 million in value in a single week and is currently unable to process online orders.

Following a significant intrusion last week, grocery retailer the Co-op Group said that hackers had stolen customer data, forcing M&S to enter a second week without being able to accept online purchases on Friday.

Since the hack was made public last week, M&S’s stock market value has dropped by about £700 million ($930 million). The government’s National Cyber Security Centre (NCSC) called the news that the Co-op and London department store Harrods have also experienced attacks in recent days a “wake-up call.”

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