M&S expects cyber-attack to last into July and cost £300m in lost profits

Retailer says website likely to reopen within weeks but disruption to some services could last longer

Business live – latest updatesNCA to focus on Scattered Spider group for UK retail cyber-attacks

Marks & Spencer has said it will take an estimated £300m hit to profits this year from a damaging cyber-attack that it expects to disrupt its online business into July.

Its chief executive, Stuart Machin, confirmed that “threat actors” had gained access to the retailer’s systems via one of M&S’s contractors using “social engineering” techniques, which can include posing as a staff member to fool a helpdesk.

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