Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More
For more crisp and insightful business and economic news, subscribe to The Daily Upside newsletter. It’s completely free and we guarantee you’ll learn something new every day.
Fancy a firewall, mate?
Manchester-based retailer JD Sports is the latest victim in a string of cyber attacks on major UK entities this month. So far, hackers have descended upon retail, postal delivery, fast food, and news outlets.
On Monday, JD Sports announced that the data of 10 million customers — including names, addresses, emails, phone numbers, and the last four digits of payment cards — were exposed in a recent cyberattack. The company said it doesn’t save full payment info and that there is no reason to believe customers’ online passwords have been obtained. So for now, patrons can rest easy.
The hack might have limited effects on JD’s bottom line. People still need a place to get their Air Jordans, and the company expects to surpass $1 billion in sales for the first time next fiscal year, but the pilfering speaks to growing concern over cyber attacks in the UK. Though not quite fire sale territory, it appears hackers are diversifying their victims:
Gone Phishin’: In 2022, the UK was hit by the third most cyber attacks, right after Canada and the US, according to NordLocker. The UK National Cyber Security Centre has warned that more spear-phishing scams from Russian and Iranian state-sponsored groups are likely to come. Spear-phishing is a very targeted form of cyber attack, often involving emails that appear to be from people or businesses you’re familiar with. It’s slightly more clever than the old Nigerian Prince scam. A word of advice, if your “boss” sends you an odd email asking you to open a link and enter sensitive information, don’t do it. Your real boss will thank you for keeping the company out of harm’s way.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services.
Making the world smarter, happier, and richer.
Market data powered by Xignite.
Leave a Reply