Cybersecurity: Not just IT’s Problem – Ask M&S - Innov8 Technology
Summary
More than £766 million has been wiped off M&S’s market value after a ransomware attack forced the retailer to suspend online orders for four consecutive days – and counting. M&S has been forced to send hundreds of agency workers at its main distribution centre home as it grapples with the still-unfolding fallout. What began as a “cyber incident” now looks increasingly like a prolonged crisis with ripple effects across operations, staffing and sales. No matter your size or sector, if you trade online, hold customer data, or rely on digital systems, you’re a potential target. The bottom line: cybercrime isn’t slowing down, if anything it is becoming more sophisticated and wide-spread with SME businesses not getting the headlines, but fronting the attack.
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