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UK supermarket to make £100m claim after outsourcing their IT to Tata and suffering massive data breach
M&S has confirmed customer data has been stolen and cyber insurers including Allianz and Beazley, face multi-million-pound claims
The FTSE 100 retailer’s full year results are due next week, and an update on the financial impact of the attack is to be expected. The hack also disrupted operations in physical shops, where some food outlets struggled to maintain normal stock levels. A senior insurance market figure said the policy would likely pay out in full, if a third party vendor was ultimately found to be responsible for the breach.
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