M&S, Co-op cyberattackers duped IT help desks into resetting passwords, says report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 06 2025
0mins
Should l Buy ?
Source: Reuters
Cyberattack Details: Marks & Spencer and Co-op Group were targeted by hackers impersonating employees to gain access to their networks, prompting the National Cyber Security Centre to advise companies to review help desk processes to prevent such breaches.
Impact on Business: M&S has experienced significant disruptions, including a 12% drop in shares and halted online orders, with analysts estimating a profit loss of around £30 million due to the cyber incident, which could take weeks to resolve.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy ?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
