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M&S Faces Prolonged Cyberattack Fallout as Online Sales Halted

The retailer suspends digital orders, grounds agency staff, and sees £700m wiped off its market value as it works with experts to resolve the crisis.

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Passersby walk past a Marks & Spencer store near Marble Arch on Oxford Street, in London, Britain, December 5, 2024. REUTERS/Mina Kim/File Photo
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Overview

  • Marks & Spencer has stopped online and app orders for a fourth consecutive day, with no timeline for restoration provided.
  • Around 200 agency workers at the Castle Donington distribution centre have been instructed to stay home, while direct employees continue working.
  • The company's share price has dropped by over 8% since April 22, erasing more than £700 million in market value.
  • Contactless payments, initially disrupted, have been restored, but click-and-collect services and refunds remain unavailable.
  • M&S is collaborating with cybersecurity specialists and authorities to investigate the likely ransomware attack and secure its systems.