
M&S cyber-attack: the real cost of prolonged downtime
Marks & Spencer (M&S) recently suffered a major cyber-attack that forced extended downtime of its online services, revealing just how costly and disruptive prolonged outages can be for retail businesses.
The attack hit over the Easter weekend, initially disrupting click-and-collect and contactless payments. To safeguard customer data, M&S took all online systems offline and suspended online ordering altogether. These disruptions are expected to continue well into June and July, significantly affecting customer experience and revenue streams.
M&S estimates that the incident will reduce its annual profits by around £300 million—about a third of expected earnings. While cyber insurance may cover some losses, the prolonged downtime has resulted in substantial operational challenges and financial damage that go beyond immediate costs.
The hackers, believed to be the group known as “Scattered Spider,” gained access through a third-party vendor using social engineering, not a direct system breach. Despite having conducted a recent cyberattack simulation that enabled a swift response, M&S has struggled to fully restore operations due to the complex aftermath of the attack.
The Impact of Extended Downtime
This incident highlights the significant ripple effects of prolonged downtime caused by cyberattacks. Beyond lost sales, long outages damage customer trust, disrupt supply chains, and strain internal resources as teams scramble to resolve issues.
Key Lessons for Businesses
- Third-Party Risk Management: Regularly vet vendors to avoid weak points in your security chain.
- Employee Training: Equip staff to recognize phishing and social engineering tactics—the most common entry points for attacks.
- Incident Response Planning: Develop and test clear response plans to act quickly and limit downtime.
- Investment in Cybersecurity: Allocate budget to strong security tools and cyber insurance to reduce financial and reputational risks.
As cyber threats become more sophisticated, businesses—especially in retail—must prioritise proactive measures to minimise downtime and protect their customers.
For expert help strengthening your cybersecurity and reducing the risk of costly downtime, contact our IT support team today.