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Retail

Cyberattacks hit UK retailers including Harrods, M&S

A wave of cyberattacks has hit several British retailers including luxury department store Harrods and upmarket supermarket Marks & Spencer, the businesses said on Thursday. After Marks & Spencer and the Co-op food retail chain said they had been targeted, Harrods on Thursday confirmed it had "recently experienced attempts to gain unauthorised...

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Retail

Online retailers see sharp rise in retail fraud

The fashion and retail industry has seen a surge in account takeover fraud, as cases filed to the UK's National Fraud Database (NFD) jumped by 142 percent in the first half of 2024, according to data from Cifas, the UK's leading fraud prevention service. The increase poses a significant challenge for online retailers, particularly in the fashion...

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