{"id":5058,"date":"2025-07-08T14:26:50","date_gmt":"2025-07-08T14:26:50","guid":{"rendered":"https:\/\/prepsaret.com\/news\/?p=5058"},"modified":"2025-07-08T14:27:23","modified_gmt":"2025-07-08T14:27:23","slug":"ms-urges-mandatory-cyberattack-reporting-as-uk-firms-face-silent-threats","status":"publish","type":"post","link":"https:\/\/prepsaret.com\/news\/ms-urges-mandatory-cyberattack-reporting-as-uk-firms-face-silent-threats\/","title":{"rendered":"M&#038;S Urges Mandatory Cyberattack Reporting as UK Firms Face Silent Threats"},"content":{"rendered":"<p><b>Summary:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">M&amp;S chair urges legal requirement for UK firms to report major cyberattacks to authorities.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Two recent attacks on large UK companies reportedly went unreported, highlighting blind spots.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">M&amp;S cyberattack in April forced a 46-day online shutdown, costing an estimated \u00a3300 million in losses.<\/span><\/li>\n<\/ul>\n<h3><b>M&amp;S Calls for Legal Mandate on Cyberattack Disclosures<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The chairman of Marks &amp; Spencer has called for UK companies to be legally required to report major cyberattacks, warning lawmakers that critical breaches are slipping through the cracks and leaving the nation\u2019s <a href=\"https:\/\/prepsaret.com\/comptia\/cybersecurity-news\" target=\"_blank\" rel=\"noopener\">cybersecurity landscape<\/a> exposed.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Speaking to the Business and Trade Committee, Archie Norman revealed that M&amp;S learned of two significant cyberattacks on large British firms in the last four months that were never reported to the <a href=\"https:\/\/www.ncsc.gov.uk\/\" target=\"_blank\" rel=\"noopener\">National Cyber Security Centre (NCSC).<\/a><\/span><\/p>\n<p><span style=\"font-weight: 400;\">Norman argued that requiring companies of a certain size to report \u201cmaterial attacks\u201d within a set timeframe would not be \u201cregulatory overkill,\u201d but rather a necessary step to strengthen the UK\u2019s digital defenses.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">\u201cThere is a big deficit in knowledge in the <a href=\"https:\/\/prepsaret.com\/comptia\/cybersecurity-solutions\" target=\"_blank\" rel=\"noopener\">cybersecurity space<\/a>,\u201d Norman told MPs, adding that M&amp;S reported its own April cyberattack promptly to authorities, aiding wider efforts to protect other businesses from similar threats.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The April ransomware attack forced M&amp;S to suspend online orders for nearly seven weeks, costing an estimated \u00a3300 million in lost profits. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The retailer\u2019s online distribution hub in Castle Donington remained offline for weeks, with full operations expected to resume by the end of July. M&amp;S CEO Stuart Machin has told investors the company will be over the worst of the disruption by August.<\/span><\/p>\n<h3><b>Inside the Attack: Lessons and Industry Debate<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Norman described the attack on M&amp;S as \u201ctraumatic\u201d and akin to \u201can out of body experience,\u201d with hackers infiltrating systems through a sophisticated \u201csocial engineering\u201d operation on April 17. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">The perpetrators, believed to be linked to the Asia-based ransomware group DragonForce and the hacking collective Scattered Spider, made no direct contact with M&amp;S during the incident.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Norman declined to say whether M&amp;S paid a ransom, calling it a matter for law enforcement, but noted, \u201cIn our case, substantially, the damage had been done.\u201d<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The retailer, which had doubled its cyber insurance coverage before the <a href=\"https:\/\/prepsaret.com\/comptia\/cybersecurity-certification-for-ethical-hacking\" target=\"_blank\" rel=\"noopener\">cyberattack<\/a>, is expected to claim over \u00a3100 million, although the processing may take up to 18 months. Meanwhile, M&amp;S General Counsel Nick Folland advised other businesses to prepare to \u201crun your business on pen and paper\u201d during severe attacks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, this approach faced pushback from Rob Elsey, Chief Digital Information Officer of the Co-op Group, who described reliance on paper as \u201cunsustainable\u201d in today\u2019s economy. Instead, the Co-op, which suffered its own cyberattack days after M&amp;S, has prioritized segregated systems that can be activated in emergencies to maintain digital operations during a breach.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The contrasting strategies underscore a growing challenge for UK businesses: how to balance <a href=\"https:\/\/prepsaret.com\/comptia\/cybersecurity-services\" target=\"_blank\" rel=\"noopener\">investment in cybersecurity<\/a>, operational resilience, and transparency while navigating increasingly sophisticated cyber threats. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">As cyberattacks escalate, M&amp;S\u2019s push for mandatory reporting could mark a pivotal shift in how British firms and regulators tackle digital security in an era of relentless cyber risks.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Summary: M&amp;S chair urges legal requirement for UK firms to report major cyberattacks to authorities. Two recent attacks on large UK companies reportedly went unreported, highlighting blind spots. M&amp;S cyberattack in April forced a 46-day online shutdown, costing an estimated \u00a3300 million in losses. M&amp;S Calls for Legal Mandate on Cyberattack Disclosures The chairman of [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":5062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[330],"tags":[],"class_list":["post-5058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.4 (Yoast SEO v25.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>M&amp;S Urges Mandatory Cyberattack Reporting as UK Firms Face Silent Threats<\/title>\n<meta name=\"description\" content=\"M&amp;S chair urges legal requirement for UK firms to report major cyberattacks to authorities following recent attacks on large UK companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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