How the UK retail sector responded to the Scattered Spider hack wave

Over the past 12 months, an unprecedented wave of cyber-attacks targeted high-profile companies in a single industry, retail. Three of the most severely impacted victims were UK-based, Marks & Spencer (M&S), the Co-op and Harrods.

The incidents were linked to the Scattered Spider hacking group using DragonForce ransomware infrastructure. In July, UK law enforcement arrested four individuals, three of whom were teenagers, on suspicion of offenses relating to the three attacks.

M&S estimated the cyber-attack to have cost it £300m ($400m), while the Co-op assessed revenue losses following its cyber incident to amount to £206m ($277m).

Read more at Infosecurity Magazine