Tag: M&S

Marks & Spencer CEO Stuart Machin will not receive an annual bonus following the cyberattack that disrupted the retailer’s operations and affected its financial performance. The decision was revealed in the company’s latest annual report, which showed the impact the incident had on the business. While the board praised management’s response to the crisis, it…

The recent M&S cyberattack created renewed pressure for the UK retailer as it reported weaker half-year profits and rising operational challenges. The company confirmed that attackers targeted a third-party supplier, which exposed sensitive employee data. This incident arrived during an already difficult financial period marked by high costs and tight consumer spending. Half-Year Results Show…

M&S cyberattack fallout continues as the British retailer ends its long-standing IT service desk contract with Tata Consultancy Services (TCS). The decision follows months of disruption caused by a cyberattack that affected its digital and in-store operations. M&S confirmed that the incident stemmed from a third-party system breach, not a direct intrusion into its network.…