Marks & Spencer's £300M Ransomware Fallout: A sophisticated supply chain attack-likely involving phishing and social engineering-crippled operations, wiped £750M off market value, and disrupted food store logistics.Innocent Insiders Amplify Risk: Social engineering tricked a supplier's IT staff into granting access, spotlighting how well-meaning employees can unintentionally open doors to attackers.Preventive Security Must Be Proactive: Multi-factor authentication, employee training, phishing simulations, and securing the supply chain are critical steps in reducing exposure and speeding recovery.As more details of the April ransomware attack on UK retailer Marks and Spencer are made public, we are directly witnessing the cascading repercussions that organizations face when victimized by a well-thought-out and properly executed attack.
Trustwave is an Illinois-based cybersecurity company that provides services including managed detection and penetration testing for industries such as healthcare and finance.