Experts count staggering costs incurred by UK retail amid cyberattack hell
ID: ba75212e-c770-50b3-8444-956457012d30
STIX ID: report--ba75212e-c770-50b3-8444-956457012d30
Feed Name: The Register (Security)
Threat Score
The Cyber Monitoring Centre (CMC) assessed recent cyberattacks against UK retailers—primarily Marks & Spencer and Co-op—as a category 2 systemic event, estimating total costs of £270–440 million. The report characterizes the impact as "narrow and deep," details lost sales and service disruptions (notably paused online orders and reduced in-store spend), and describes the CMC's role in standardizing systemic event categorization to aid insurers and national resilience planning.
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