Business rival credits cyberattack on M&S for boosting profits

Keypoints

• Next reported increased sales partly due to cyberattack-related disruptions at competitors.
• M&S’s online services were offline until August following a cyber incident impacting their operations.
• Rivals with strong online presence, like Zara and H&M, saw sales growth, unlike those without it such as Primark.
• The cyberattack on JLR resulted in economic losses totaling approximately £1.9 billion ($2.5 billion).
• UK lawmakers are pushing for new cybersecurity legislation to better protect critical infrastructure.