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PRIVACY
Retail & Consumer

M&S, Harrods and Co-op cyber attacks exposes º£½ÇÊÓÆµ's true cyber security risks

A recent string of cyber attacks on º£½ÇÊÓÆµ retail giants, including M&S, Harrods and Co-op, have exposed growing concerns over cyber security readiness at British businesses

A co-op bag(Image: PA)

Recent cyber attacks on º£½ÇÊÓÆµ retail heavyweights, including M&S, Harrods and Co-op, have highlighted increasing concerns about the level of cybersecurity readiness among British businesses.

Cisco's latest Index, published Wednesday, reveals that a mere four per cent of º£½ÇÊÓÆµ firms are fully equipped to defend against today's sophisticated cyber threats, as reported by .

The report also found that a staggering 83 per cent of º£½ÇÊÓÆµ organisations are struggling with a lack of skilled cybersecurity professionals, leaving many crucial security roles vacant as threat levels rise.

"The bad guys are there looking for ways in – and far too many organisations are sitting ducks", Martin Lee, EMEA lead at Cisco Talos, told City AM.

"They have tools, they have a business model, they know how to make money."

A 2024 report from the º£½ÇÊÓÆµ's National Cyber Security Centre (NCSC) also cautioned that ransomware groups are adopting more aggressive extortion tactics and increasingly focusing their attacks around AI.

The recent wave of incidents at M&S, Co-op, and Harrods is indicative of a wider increase in attacks on º£½ÇÊÓÆµ retail, logistics, and financial firms, with reports of phishing, ransomware, and supply chain compromise becoming increasingly prevalent.

Earlier this year, Pwc highlighted a growing divide between firms proactively investing in cybersecurity and those failing to do so, warning that reactive postures are no longer sustainable in the AI era.