UK Cyber Monitoring Centre Classifies Marks & Spencer and Co-op Cyberattacks as Category 2 Systemic Event

The UK's Cyber Monitoring Centre (CMC) has classified the recent cyberattacks against Marks & Spencer and Co-op as a Category 2 systemic event, estimating financial losses to be between £270 million and £440 million. In May, attackers targeted both companies, resulting in significant financial impacts. The CMC assessed the potential economic impact of these attacks, highlighting the severity of the incident.