Hackers have unleashed a significant cyber assault on Marks & Spencer (M&S), causing severe disruptions to the retail giant’s online services and raising questions about the motivations behind such attacks. The cybercrime group DragonForce has claimed responsibility for this sophisticated breach, amidst revelations regarding its political leanings and a concerning rise in digital crime targeting UK retailers.

The hacking incident, which has hampered M&S’s ability to process online orders for clothing and home products, began when criminals impersonated employees to trick IT help desks into resetting passwords, thereby gaining unauthorised access to internal networks. Following the breach, Marks & Spencer was forced to suspend its click and collect service, leading to a 12% decline in its share price. Financial analysts estimate the impact of the attack could reach approximately £30 million, with ongoing losses potentially amounting to £15 million per week. The delays have not only affected online shopping but also resulted in limited stock availability in physical stores.

DragonForce, which describes itself as aiming to “just take some money and walk away,” hinted at broader political intentions in a recent statement. It warned against the use of its ransomware against critical infrastructure in the former Soviet Union, suggesting that it would impose consequences on anyone violating this stance. Its declaration added an unexpected layer of complexity to the situation, indicating a potential geopolitical dimension to what is typically viewed as economic-driven cybercrime.

The fallout from these cyber-attacks has not only befallen M&S but also the Co-op, which reported that personal data was extracted from its membership scheme. This breach has raised alarms within the National Cyber Security Centre (NCSC), which has since urged retailers to fortify their cybersecurity protocols against similar deception tactics. The NCSC has emphasised the importance of revising help desk procedures to prevent these types of attacks, signalling an urgent call to action for businesses operating in an increasingly vulnerable digital landscape.

Ongoing investigations suggest that the hacking group Scattered Spider may be involved as well. Notably, this younger, English-speaking group has gained notoriety for targeting large corporate entities and employing social engineering tactics to infiltrate their systems. Their exploits have not only targeted M&S but also left a trail of chaos at companies such as MGM Resorts International and Caesars Entertainment. The growing trend of teenagers participating in high-stakes cybercrime is particularly worrying, as they leverage advanced techniques including SIM swapping and phishing to achieve their criminal goals.

Cybersecurity experts warn that UK retailers are especially attractive targets for cybercriminals, given their access to vast amounts of customer data and real-time operations. The recent spate of attacks on well-known brands points to a potentially coordinated effort among different hacking groups, with many analysts speculating that they may share resources and techniques, complicating detection and prevention efforts.

While M&S has experienced substantial disruptions, it is fortunate that, thus far, sensitive financial information remains secure. Nonetheless, this incident serves as a stark reminder of the fragility of cybersecurity in today’s digital age. As M&S navigates recovery, it faces not only the challenge of restoring services but also re-establishing consumer trust, which has likely been shaken by this high-profile breach.

The rise of groups like DragonForce and Scattered Spider highlights an unsettling trend in cybercrime, where economic objectives are increasingly entwined with geopolitical motivations. This duality complicates how businesses must approach their own cybersecurity strategies. Ensuring robust protection against such evolving threats will be crucial as the retail sector seeks to protect itself against the next wave of hackers.

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Source: Noah Wire Services