The fashion retail industry is facing serious threats from increasing cyber attacks, as highlighted by recent events. Experts share strategies for defending against these high-stakes attacks that can greatly impact business.
Key Points
- Marks & Spencer recently disclosed a ransomware attack that is projected to cost them £300 million.
- The attack led to a temporary suspension of online trading, highlighting vulnerabilities in retail security.
- M&S CEO Stuart Machin stated that they are addressing the problem head-on while ensuring customer service remains a priority.
- While some personal data was compromised, M&S reassured customers that sensitive information like card details and passwords were not stolen.
- Experts suggest that retailers need to bolster their cyber defences to mitigate the impact of these attacks.
Why should I read this?
If you’re in retail, you really can’t afford to miss this! The article dives into a real issue facing businesses today—cyber attacks—and the eye-watering costs that come with them. With M&S at the forefront of this issue, it’s a wake-up call for all retailers to get serious about their cyber security. Read on to get the low-down on what’s happening and how your business can stay protected!
