UK retailers are facing increasing cybersecurity threats, leading to profit impacts and surge in operating costs.
From Yahoo Finance: 2025-06-17 08:02:00
- 11% of UK retail executives admit to being unprepared for cybersecurity threats.
- 58% of retail leaders see cybersecurity as a top risk, leading to increased investments.
- Top UK retailers disclose 278 risks, with 25% related to cyber issues.
- Marks & Spencer faces £300m profit impact from cyberattack.
- The North Face experience a credential stuffing attack.
- Retailers face £6.5bn surge in operating costs in 2025.
- Average pre-tax profit margins drop from 10.4% to 5.7%.
- Retailers focus on cost control and technology investments.
- Retail resilience gap widens, with 25% lagging in risk management.
- Majority of retail leaders believe performance gaps are widening.
Read more at Yahoo Finance: UK retailers face escalating threats as cybersecurity readiness falters