Harrods, Co-op, Marks & Spencer (M&S) and now Adidas have all experienced damaging cyber attacks in recent weeks, which have sent shock waves through the retail industry. M&S alone has warned of a £300 million ($405 million) hit on profits. The attack, which began over the Easter weekend, also wiped more than £750 million ($1 billion) off its market capitalization.
On 30th April, the Co-op also fell victim, reporting a few days later that hackers had accessed a “significant” amount of customer data. Then on 2nd May, Harrods also experienced a cyber attack, although in this instance, they managed to prevent any malicious intrusion.
