logo
U.K. Retail Giant M&S Says Customer Data Was Compromised in Cyberattack

U.K. Retail Giant M&S Says Customer Data Was Compromised in Cyberattack

New York Times13-05-2025
Marks & Spencer, the large British retailer, said on Tuesday that some customer data had been stolen in a cyberattack last month, an incident that has left the company unable to process online orders for weeks.
In an email to customers, M&S said that while some personal data, potentially including contact details and dates of birth, may have been accessed during the attack, there was no evidence that it had been shared. No card or payment details nor account passwords were compromised, the email said.
M&S, which reported more than 13 billion British pounds (roughly $17.2 billion) in annual revenue in the year ending in March 2024, reported the incident to government and law enforcement officials.
The disclosure followed recent attacks on other British retailers. In late April, Harrods experienced brief disruptions, restricting internet access at its sites as a security measure. Co-op, another British retailer, reported that a cyberattack last month caused limited impact to some back office and call center services.
Ransom attacks, which sometimes aim to disrupt services in addition to stealing customer data, have been increasing in frequency and severity. In recent years, hospitals have been crippled by attacks, including in Britain last year, when hospitals had to cancel more than 800 planned operations, and 700 outpatient appointments needed to be rescheduled, including 97 cancer treatments, in the first week after the incident.
It remained unclear who perpetrated the attacks and if they were connected. Britain's National Cyber Security Center said in a statement this month that it was working with the affected companies.
'These incidents should act as a wake-up call to all organizations,' said Richard Horne, the agency's chief executive. He urged companies to ensure they had appropriate measures in place to prevent future attacks. The National Cyber Security Center was working to understand the nature of the attacks and to provide counsel to the sector.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

BofA Warns S&P 500 Could Trigger A Sell-Off If It Breaks 6,300
BofA Warns S&P 500 Could Trigger A Sell-Off If It Breaks 6,300

Yahoo

timean hour ago

  • Yahoo

BofA Warns S&P 500 Could Trigger A Sell-Off If It Breaks 6,300

July 4 - Bank of America's (NYSE:BAC) strategists warned the S&P 500 faces a bubble or bust scenario if it climbs past 6,300 in July. Investors piled into cash and bonds last week, with money?market funds drawing about $56.4 billion and bond funds taking in $20.5 billion, EPFR Global data showed. Equities saw more modest inflows of $2.2 billion, while gold and cryptocurrency funds attracted $1.4 billion and $1 billion, respectively. Treasury securities endured their largest nine?week outflow at $2.7 billion, even as investment?grade debt logged its biggest weekly inflow since June 2020 of $16.7 billion. U.S. growth stocks experienced a $5 billion sell?off, their steepest since March. Bank of America clients lifted their equity allocation to 63.7%, the highest since March 2022, while trimming bond holdings to 18.5%, the lowest since June 2022. Regional flows showed U.S. equities losing $1.9 billion for a second week, as European shares welcomed $600 million. With summer risk skewed toward benchmarks reaching 7,000 rather than tumbling to 5,000, analysts say greed may outlast fear. Investors will watch whether market sentiment shifts before month?end. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

If You Buy Amazon Stock With $50,000 Today, Will You Be a Millionaire in a Decade?
If You Buy Amazon Stock With $50,000 Today, Will You Be a Millionaire in a Decade?

Yahoo

time2 hours ago

  • Yahoo

If You Buy Amazon Stock With $50,000 Today, Will You Be a Millionaire in a Decade?

Amazon has a strong presence in e-commerce, digital advertising, and cloud computing and is using AI across all three business segments. Wall Street estimates Amazon's earnings will increase at 10% annually through 2026, but analysts have consistently underestimated the company. In the last decade, only five companies currently in the S&P 500 saw sufficient share-price appreciation to turn a $50,000 investment into $1 million. 10 stocks we like better than Amazon › Amazon (NASDAQ: AMZN) stock returned 910% during the last decade, growing at a pace that would have turned $50,000 into more than $500,000. Wall Street remains overwhelmingly bullish on the company. Among 71 analysts, 97% have a buy rating on the stock, and the median 12-month target price of $240 per share implies 9% upside from its current share price of $220. Can Amazon stock turn $50,000 into $1 million in the next 10 years? Amazon has a strong position in three large industries -- e-commerce, digital advertising, and cloud computing. The company is also leaning on artificial intelligence (AI) across all three business units to accelerate revenue growth and widen profit margins, as detailed below: E-commerce: Amazon runs the largest e-commerce marketplace in the world, in terms of revenue, and the most popular, in terms of traffic. Even more impressive, the company is still gaining share. Amazon has built more than 1,000 generative AI applications to make its retail business more efficient, including tools to improve inventory placement, demand forecasting, and developer productivity. It's also using generative AI to let human workers engage warehouse robots in natural language. Digital advertising: Amazon has as a distinct advantage in advertising not only because it draws so many shoppers to its marketplace, but also because it has troves of consumer data to target advertising. That advantage has helped it become the third-largest ad tech company in the world. Amazon has added AI tools that help brands plan and optimize ad campaigns, as well as generative AI tools that let brands create images and videos. Cloud computing: Amazon Web Services (AWS) is the largest public cloud platform in terms of infrastructure and platform spending. That means the company is already well-positioned to monetize demand for AI infrastructure, but AWS has further cemented its status as a go-to cloud services provider by designing custom chips for AI training and inference. The company says those chips deliver better price performance than leading graphics processing units (GPUs). Through 2030, retail e-commerce sales are forecast to increase at 11% annually, ad tech spending is projected to increase at 14% annually, and cloud computing sales are expected to increase at 20.4% annually, according to Grand View Research. That means Amazon can achieve double-digit annual revenue growth through the end of the decade if it merely maintains its market share in those industries. Amazon would have to increase 20 times in value (i.e., a 1,900% return) to turn $50,000 into $1 million. That is theoretically possible over a decade, but such performance is exceedingly rare. Only five companies in the S&P 500 achieved 20-fold returns during the last 10 years, as listed below: Nvidia: +29,950% Advanced Micro Devices: +5,520% Axon Enterprise: +2,230% Texas Pacific Land: +2,070% Fair Isaac: +1,910% I doubt Amazon shares will advance 1,900% over the next decade. It's already a $2.3 trillion company, and multiplying its current market capitalization by 20 would bring its valuation to $46 trillion. That's nearly what the entire S&P 500 is worth today. It seems unlikely Amazon alone will be worth that much in 10 years. However, the stock is still a smart long-term investment. Some Wall Street analysts have lowered their forward earnings forecasts based on the idea that tariffs will hurt sales or margins. The consensus currently says Amazon's adjusted earnings will increase at 10% annually through 2026. That makes the current valuation of 36 times earnings look expensive, but I think Wall Street is too pessimistic. Amazon beat the consensus by an average of 22% over the last six quarters, and I think the company will continue to top expectations due to its strength in three growing markets and its capacity for innovation in adjacent areas. For instance, Amazon is reportedly preparing to test humanoid robots for package delivery, and its autonomous driving subsidiary Zoox is set to launch robotaxis in at least one U.S. city this year. Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $697,627!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $939,655!* Now, it's worth noting Stock Advisor's total average return is 1,045% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Trevor Jennewine has positions in Amazon, Axon Enterprise, and Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices, Amazon, Axon Enterprise, and Nvidia. The Motley Fool recommends Fair Isaac. The Motley Fool has a disclosure policy. If You Buy Amazon Stock With $50,000 Today, Will You Be a Millionaire in a Decade? was originally published by The Motley Fool

Haas F1 Team Receives Purchase Offers: 'Really pushing'
Haas F1 Team Receives Purchase Offers: 'Really pushing'

Newsweek

time3 hours ago

  • Newsweek

Haas F1 Team Receives Purchase Offers: 'Really pushing'

Based on facts, either observed and verified firsthand by the reporter, or reported and verified from knowledgeable sources. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. Haas team principal Ayao Komatsu has opened up on the numerous offers people made in the last 18 months to purchase the American outfit, with some even "pushing" to seal a deal, as Haas enters its tenth year in Formula One. He also highlighted the role of team owner Gene Haas and his dedication to keeping the team on the F1 grid. Komatsu has been a part of Haas since its F1 journey began in 2016, standing by through its highs and lows. The team witnessed huge challenges in the Covid-19-affected year of 2020, with struggles continuing through to the 2023 season when Haas finished last in the Constructors' Championship. Then-team principal Guenther Steiner was ousted ahead of the 2024 season, the year in which Haas witnessed significant progress under Komatsu. The managerial changes and failures from 2023 prompted several parties to approach Gene with offers to buy the team. However, Komatsu emphasized that Gene is passionate about F1 and has no interest in selling the team. Haas F1 Team's British driver Oliver Bearman takes part in the first practice session ahead of the Formula One British Grand Prix at the Silverstone motor racing circuit in Silverstone, central England, on July 4,... Haas F1 Team's British driver Oliver Bearman takes part in the first practice session ahead of the Formula One British Grand Prix at the Silverstone motor racing circuit in Silverstone, central England, on July 4, 2025. More BEN STANSALL/AFP/Getty Images Opening up on his upcoming run with Gene at the Goodwood Festival of Speed in a Haas VF-23 F1 car to celebrate the team's tenth anniversary, Komatsu said ahead of the British GP: "This year when he [Gene] came to Miami, I could see that he actually enjoyed just being there. "He always asks lots of technical questions because he's interested, but that hasn't changed. On top of that, he was just enjoying the occasion. "I thought, wow, I'm going to ask him if he wants to drive in Goodwood. He didn't know much about Goodwood, but now he's driving, he read about it, and he's really excited for him to again experience things like that." Addressing the pushy offers that came Gene's way to acquire Haas, Komatsu added: "Honestly, he's seen lots of changes. He's so engaged now. He understands the details as well. What's the best way to put it? He's always been very passionate about the sport and the result. He always wants us to improve, which is what we need from the owner. He was always behind us. "I don't know everything, but in the last 18 months he's had numerous offers to buy the team. He's not interested. He really enjoys being the owner of the F1 team. Currently one out of 10, from next year one out of 11. That's such a privileged position to be in. "He came in at a time when F1 wasn't like this. He stuck with us during such a difficult period of COVID. Now he's enjoying it. "Honestly, Gene's so committed. He's coming here [to Silverstone], obviously. He's arriving Friday or tomorrow and then staying for Goodwood. He's enjoying it. That's the main thing. "We are grateful that we have such a passionate owner, so committed. He's not interested in selling at all. I can tell you recently I had some people really pushing to buy it, [Gene's] not interested. He got even annoyed that these guys are asking so many times."

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store