M&S and Co-op cyber attacks could cost up to £440m
The Cyber Monitoring Centre has categorised the recent cyber attacks on M&S and Co-op as a category two incident, estimating the combined financial impact of the attacks at £270m to £440m.
The CMC was launched in 2024 and earlier this year the insurance industry-backed body unveiled its methodology for assigning one-to-five categorisations – akin to those given to hurricanes – to UK
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