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The true cost of cyber attacks

1 day, 13 hours ago   techradar.com
(Image credit: Shutterstock/supimol kumying)

So far this year, M&S, Co-op, Cartier, Harrods and most recently, LVMH, have become victims of cyber attacks. While these events involving big name brands have captured headlines, they’re not the only ones.

New research has revealed that over half of UK businesses have experienced a cyber attack in the past three years alone, proving no organization is beyond the reach of cybercriminals. More startlingly, they’ve suffered a staggering £64bn loss in direct and indirect costs as a result.

As the cyber landscape continues to evolve, AI continues to democratize attacks, cyber groups become more entrepreneurial, and attacks from hostile nation states escalate, that figure is only set to rise.

M&S, Co-Op and Harrods got hit by a cyberattack: here's what retailers need to do to stop thisDon't stop at basic protections; make ongoing training a priorityMarks & Spencer’s cyberattack isn’t an exception - it’s a warning

Reports suggest M&S singlehandedly suffered a £300m profit loss due to the attack on its systems carried out by ScatteredSpider. This must serve as a warning to others ...
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