Major cyber attack on clothing company, over 7000 crores lost, ban on new recruitments

Cyber attacks have become the new headache of global companies in the modern day. Because of the cyber attack on British fashion brand Marks & Spencer, the company is now in trouble. The global business of the company has suffered very much. Alongside, the company has suspended taking online orders in various nations.

According to reports, the company has also stopped taking applications for jobs and has banned new recruitments. It is being said that the company is losing millions of dollars every day in this cyber attack. At the same time, another retailer, Harrods, has also been claimed to have been cyberattacked.

This cyber attack has affected both offline and online stores of Marks & Spencer. Due to hacking of computer systems, the company has not been able to take new orders from customers for about a week. Due to this, many customers are returning from the stores and are suffering losses due to a decline in sales. The company is estimated to suffer a loss of 750 million euros (about Rs 7500 crore) due to the cyber attack.

Meanwhile, the company's Chief Executive, Stuart Mackin, has said that services will be restored at offline stores from this week and customers can come shopping. However, it will take about a month to fully restore the online system.