Marks & Spencer Cuts Ties With Tata Consultancy Services Amid £300m Cyber Attack Fallout

M&S storefront (Credit: Image via M&S on the High Street/iStock)

KEY POINTS

• The cyber attack, linked to the Scattered Spider group, forced M&S to shut down online sales last April.
• TCS denied responsibility, saying the breach occurred 'in the client's own environment'.
• The attack is estimated to have cost M&S up to £300 million in lost profits and weeks of online downtime.

Marks & Spencer (M&S) has terminated its decade-long IT helpdesk contract with Indian outsourcing giant Tata Consultancy Services (TCS), months after a major cyber-attack cost the British retailer up to £300 million in lost operating profit.