Marks and Spencer Confirms Hackers Stole Customers' Personal Data; Cyber Insurance Payout To Be Worth Up To $133 Million (techcrunch.com) 5
An anonymous reader shares a report: U.K. retail giant Marks & Spencer has confirmed hackers stole its customers' personal information during a cyberattack last month. In a brief statement with London's stock exchange on Tuesday, the retailer said an unspecified amount of customer information was taken in the data breach.
The BBC, which first reported the company's filing, cited a Marks & Spencer online letter as saying that the stolen data includes customer names, dates of birth, home and email addresses, phone numbers, household information, and online order histories. The company also said it was resetting the online account passwords of its customers. FT adds: Marks and Spencer could claim for losses of as much as $133 million from its cyber insurers following a sustained hack where some customer data was stolen. The UK retailer's cyber policy allows it to claim up to $133 million, according to people familiar with the situation.
Allianz is the first insurer on the hook for M&S's losses, the people added, and is expected to pay at least the initial $13.3 million. Cyber specialist Beazley is also among the insurers exposed to losses at the FTSE 100 retailer, according to the people familiar with the situation.
The BBC, which first reported the company's filing, cited a Marks & Spencer online letter as saying that the stolen data includes customer names, dates of birth, home and email addresses, phone numbers, household information, and online order histories. The company also said it was resetting the online account passwords of its customers. FT adds: Marks and Spencer could claim for losses of as much as $133 million from its cyber insurers following a sustained hack where some customer data was stolen. The UK retailer's cyber policy allows it to claim up to $133 million, according to people familiar with the situation.
Allianz is the first insurer on the hook for M&S's losses, the people added, and is expected to pay at least the initial $13.3 million. Cyber specialist Beazley is also among the insurers exposed to losses at the FTSE 100 retailer, according to the people familiar with the situation.
133 million not just for losses (Score:2)
A lot of customers if their financial & personal info has been compromised could well sue. M&S is an upmarket brand and a lot of its customers are probably quite familiar with the law.
Would using a cut-out like (Score:2)
details matter (Score:2)
there is no details
just an announcement that they will be claiming against the insurance and that they could claim £100mn (pounds not dollars) means they did not have much insurance...
frankly americans routinely leak customer names, dates of birth, home and email addresses and phone numbers
whats actually worrying is household information, and online order histories
thats going to be hard to clean up and expose a LOT of people
JJ
Now they will know where my towel is! (Score:2)
Re: (Score:2)