UK retailer M&S puts cyberattack cost at $400m as disruptions continue | Cybercrime News

Disruption from the ‘highly sophisticated and targeted cyber attack’, first reported around Easter weekend, continues.

British retailer Marks & Spencer estimates that a cyberattack that stopped it from processing online orders and left store shelves empty will cost it about 300 million pounds ($403m).

The company said in a business update (PDF) on Wednesday that disruption from the “highly sophisticated and targeted cyber attack,” which was first reported around the Easter weekend,…