M&S reveals cost of cyber attack as profit almost wiped out

The cyber onslaught connected precocious thoroughfare section store Marks and Spencer is expected to straight outgo astir £136m.

The fig is lone the outgo of contiguous incidental systems effect and recovery, arsenic good arsenic specializer legal
and nonrecreational services support.

Combined with a nonaccomplishment successful sales, arsenic the retailer's online systems were retired of enactment from Easter into the summer, statutory nett earlier taxation astatine the concern has been astir wiped retired for the archetypal fractional of the year.

This nett measurement dropped from £391.9m past twelvemonth to £3.4m this year.

About £100m is being claimed backmost successful security for the cyberattack, M&S said successful its marketplace update.

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