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From London to Lagos: Why retailers everywhere must prepare for the next wave of cyberattacks
Recent cyberattacks on major UK retailers like Marks & Spencer and the Co-op aren’t just headline-grabbing stories, they provide a cautionary tale of the evolving threat landscape facing modern retail globally; For African retailers accelerating digital transformation, these incidents serve as a crucial case study in what can go wrong when uptime – not just data – is under attack
In April, two of Britain’s biggest retailers got hit by a massive cyberattack by the notorious Scattered Spider group, leading to substantial financial losses, operational disruptions and compromised customer data (http://apo-opa.co/40O1faD). M&S suffered losses of £300 million (http://apo-opa.co/40O1gLJ) (roughly R7.3 billion) due to the attack, with supply chains affected for…