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MKS
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98 days

Marks & Spencer now says customer data taken during cyberattack that is still crippling operations - MarketWatch

1. Marks & Spencer confirmed customer data was taken in a cyberattack. 2. Personal data taken does not include payment or password details. 3. Stock dropped 15% since cyberattack; FTSE 100 gained 3%. 4. No immediate customer action required; password reset recommended. 5. Company's online operations were down for over three weeks.

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FAQ

Why Bearish?

The significant stock drop following the cyberattack could reflect investor concerns about MKS's cybersecurity and operational efficiency. Historical precedents, like other retailers facing similar cyber incidents, often see prolonged negative sentiment.

How important is it?

The article highlights a serious breach that could impact customer trust and sales, influencing investor confidence.

Why Short Term?

As MKS recovers from the attack, investor fears may taper unless further issues arise. Short-term fluctuations are common in response to cybersecurity events.

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