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‘Tipping point’ warning for cyberattacks after Harrods and M&S targeted #Tipping #point #warning #cyberattacks #Harrods #targeted

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Cyberattacks rose to prominence in 2025, inflicting significant financial damage on major UK businesses and revealing widespread vulnerabilities across the economy.

Among the highest-profile targets were automotive giant Jaguar Land Rover, stalwart retailer Marks & Spencer and luxury department store Harrods, highlighting how businesses of all sizes are susceptible to sophisticated digital threats.

Andrew Bailey, Governor of the Bank of England, has expressed his belief that cyberattacks represent one of the most significant threats to the UK’s financial stability, highlighting the “critically important” need for collaborative defence.

Mike Maddison, chief executive of cybersecurity firm NCC Group, described 2025 as a “tipping point”.

He said: “Cyber ​​attacks are far from new, but 2025 has shown how cyber risk is closely linked to economic stability and business continuity. »

Data from NCC Group revealed a record increase in global ransomware attacks, with 590 incidents recorded in January and 886 in February.

Ransomware, malware, allows cybercriminals to encrypt computer systems or steal data, holding it hostage until a payment is made.

A survey by insurer Hiscox earlier this year indicated that 59 percent of small and medium-sized businesses had suffered a cyberattack in the previous 12 months, and 27 percent had faced a ransomware request.

Of those who paid, 60 percent got some or all of the data back, although 31 percent reported the attackers demanded additional payments, according to the survey of 5,750 respondents worldwide.

Bank of England Governor Andrew Bailey has warned of the threat of further cyberattacks.

Bank of England Governor Andrew Bailey has warned of the threat of further cyberattacks. (PA wire)

The UK’s National Cyber ​​Security Center (NCSC) reported dealing with 204 cyberattacks of “national significance” in the year to September, a sharp increase from 89 the previous year.

Mr. Maddison noted: “Compared to previous years, these attacks have been larger and more costly, reaffirming that cybersecurity is no longer just an IT concern. »

He added: “CEOs and government leaders should now be keenly aware that cyber resilience is fundamental to the UK’s long-term growth and resilience. »

Perhaps the largest and costliest cyberattack in the UK this year was against Jaguar Land Rover.

The carmaker halted production at its UK factories for five weeks from September 1, following a hack the day before.

The disruption led to a fall in revenue of more than £1 billion for the quarter ended September and a substantial loss for the business.

Crucially, the lockdown was also cited as a key factor in the contraction of the UK economy in September and October due to slowing car production.

Experts at the Cyber ​​Monitoring Centre, a not-for-profit organisation, estimated that the incident cost the country around £1.9 billion, calling it “the most financially damaging cyber event to ever happen to the UK”.

Marks & Spencer, the food, fashion and homewares retailer, was also the victim of a major hack, which had far-reaching consequences and highlighted the risk of customer data being stolen from major consumer brands.

The retailer was forced to suspend all online orders for around six weeks and found itself facing empty shelves due to disruptions to its logistics systems after being targeted over the Easter weekend.

M&S reported a sales loss of £324 million, although it managed to recoup £100 million through an insurance compensation.

Jaguar Land Rover was the target of a cyberattack

Jaguar Land Rover was the target of a cyber attack (PA wire)

Customers’ personal data, including names, email addresses, postal addresses and dates of birth, were also compromised.

M&S was not alone; Other retailers hit by devastating cyberattacks in 2025 include luxury department store Harrods and supermarket group Co-op.

The head of the cooperative confirmed that data belonging to all of its 6.5 million members had been stolen.

Mr Maddison warned that 2025 “should be seen as a clear warning, not a one-off peak”, predicting that cybercriminals will increasingly exploit artificial intelligence to attempt phishing and identify system vulnerabilities.

He predicted: “Supply chains will remain prime targets, as their complexity means disruptions can spread quickly across all sectors, intensifying pressure to pay ransoms. »

However, he also observed: “At the same time, cyber maturity is improving,” noting that “boards are increasingly recognizing that true cyber resilience goes beyond prevention and detection.”

In response, the government is developing a Cybersecurity and Resilience Bill, which aims to give regulators the power to impose fines on companies that fail to comply with cybersecurity regulations.

New Home Office proposals will force businesses to inform the government if they intend to pay a ransom to cybercriminals, while banning public sector bodies and operators of critical national infrastructure from making such payments.



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EAM S. Jaishankar to attend ex-Bangladesh PM Khaleda Zia’s fund in Dhaka tomorrow #EAM #Jaishankar #attend #exBangladesh #Khaleda #Zias #fund #Dhaka #tomorrow

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New Delhi: Foreign Minister S Jaishankar will attend the funeral of Bangladesh’s first woman Prime Minister Khaleda Zia on Wednesday, according to a foreign ministry statement.

“Foreign Minister Dr. S. Jaishankar will represent the Government and people of India at the funeral of Begum Khaleda Zia, former Prime Minister of Bangladesh and President of the Bangladesh Nationalist Party. He will therefore visit Dhaka on December 31, 2025,” the statement said.

Begum Khaleda Zia died today early morning at the age of 80, while undergoing treatment at Evercare Hospital in Dhaka.
According to a BNP statement on Facebook, Zia died around 6 a.m. (local time), shortly after the Fajr prayer. “Khaleda Zia died around 6 a.m., just after Fajr prayers,” the BNP statement said.

“We pray for the eternal peace of his soul and ask everyone to pray for his departed soul,” the text adds.


Zia was admitted to Evercare Hospital in the capital Dhaka on November 23 for a lung infection. The former prime minister has long suffered from various physical illnesses, including heart disease, diabetes, arthritis, liver cirrhosis and kidney complications, and earlier this month she was sent to London for advanced medical treatment for her illnesses.
Earlier, Prime Minister Narendra Modi expressed deep sadness over the demise of former Bangladesh Prime Minister and BNP Chairman, extending condolences to his family and the people of Bangladesh. In an article on

“Deeply saddened to learn of the death of former Prime Minister and BNP President Begum Khaleda Zia in Dhaka. Our deepest condolences to her family and all the people of Bangladesh. May the Almighty grant her family the fortitude to bear this tragic loss,” the Prime Minister said.

World leaders on Tuesday continued to express their condolences over the death of former Bangladesh Prime Minister and BNP chairwoman Begum Khaleda Zia, remembering her as a prominent democratic leader in her country.

Nepal’s Acting Prime Minister Sushila Karki said she was “deeply saddened” by the death of Khaleda Zia and offered condolences, on behalf of the government and people of Nepal, to her family and the people of Bangladesh.

“Begum Zia leaves behind a lifelong legacy of public service, with her enduring leadership marking a historic chapter in her country’s democratic journey,” Karki said in an article on



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Legacy of Leadership: Khaleda Zia’s Role in Bangladesh’s Democracy #Legacy #Leadership #Khaleda #Zias #Role #Bangladeshs #Democracy

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Khaleda Zia, a dominant figure in Bangladesh’s political landscape, played a pivotal role in the restoration of democracy after military rule. As the country’s first female prime minister, she played a crucial role in unifying the Bangladesh Nationalist Party (BNP) during turbulent times.

Despite significant contributions, Zia’s tenure was marked by complex relations between India and Bangladesh. Allegations of support for Northeast insurgents strained ties, particularly during his second term, when alliances with Jamaat-e-Islami drew criticism from India on security grounds.

Zia’s legacy is highlighted by his leadership in the peaceful transition from dictatorship. However, his passing leaves the BNP at a crossroads, with his son Tarique Rahman set to lead the party amid ongoing electoral challenges.

(With input from agencies.)



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MARKETS EUROPE/DAX is up slightly at target level #MARKETS #EUROPEDAX #slightly #target #level

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DJ MARKETS EUROPA/DAX is up slightly from the target level

DOW JONES–European stock markets are higher Tuesday afternoon. There is little news and most investors are no longer active as the start of the year approaches. We cannot exclude the so-called “window dressing” of individual stocks, i.e. the targeted maintenance of prices in the portfolios of institutional investors. On some exchanges, trading is shortened only on Tuesdays. Trading in Germany and Austria ends at 2 p.m. THIS. While today is the last trading day of the year on some exchanges, shortened listings will take place on Wednesday in Lisbon, London, Madrid and Paris.

The DAX gained 0.5 percent to 24,476 points; the index is up 22 percent since the start of the year. The DAX can look back on an excellent year overall. “A closer look, however, shows that only the first half of the year was excellent for the DAX. The second half of the year was more of a sideways trend,” explains QC Partners. The MDAX is once again lagging and is up 19 percent year to date. The TecDAX has a meager yield of 5 percent. This continues the pattern of German blue-chip companies performing better in their international operations than German mid-sized companies. Whether this will change with Germany’s billion-dollar investment program remains to be seen.

The Euro-Stoxx-50 rose by 0.6 percent to 5,789 points. The majority of the year’s best-performing countries come from the South, where European economic growth was based last year. The Spanish stock market rose by 48 percent, while in Athens the index even rose by 50 percent.

On the foreign exchange market, the euro changes little, at $1.1769; During the year, the greenback lost a lot of value. This is unlikely to make it easier for European companies to sell more expensive products around the world due to the strength of the euro next year. Yields on the bond markets are up slightly. After the liquidation of the day before, precious metals are recovering. The price of gold rose 1.2 percent to $4,385, silver rose 3.8 percent to $74.90. Not surprisingly, European mining stocks were one of the day’s winners, rising 1.6 percent. Shares of silver producer Fresnillo rose 5.5 percent.

The geopolitical situation remains tense. US President Donald Trump has threatened Iran with a military strike if the country resumes its nuclear program. Meanwhile, Hamas was threatened with serious consequences if the terrorist organization did not lay down its arms. Finally, China is organizing one of the largest military exercises in recent years off the coast of Taiwan. This is likely a reaction to the recent announcement of US arms deliveries to the island nation.

Additionally, the United States recently carried out an attack on a port area in Venezuela where US President Trump said drugs were being loaded onto boats and smuggled across international waters, saying a “big explosion” had occurred. Oil prices are barely reacting to this news. Brent is up 0.4 percent.

Defense stocks are recovering after the selling pressures of the day before. There is still no sign of progress in peace or ceasefire negotiations in Ukraine. Rheinmetall gained 2.1 percent, Renk 2.5 percent and Hensoldt 0.9 percent.

Meanwhile, bank stocks continue to run. The sector can look forward to a good year in 2025 thanks to the rise in yields on the bond markets. Deutsche Bank gains 1.5 percent and Commerzbank 2.0 percent.

Chipmaker Infineon’s sales growth (+1.8%) is down, with only one sector seeing strong growth: semiconductors to power AI data centers. “We are seeing a strong increase in demand and many indicators suggest that this will continue in the coming years,” CEO Jochen Hanebeck told Handelsblatt. “We currently cannot deliver as much as customers order.”

=== 
INDEX           zuletzt    +/- %  absolut +/- % YTD 
Euro-Stoxx-50      5.788,57    +0,6%   36,86   +17,4% 
Stoxx-50         4.918,84    +0,5%   25,52   +13,6% 
DAX           24.476,16    +0,5%   125,04   +22,3% 
MDAX          30.548,50    +0,3%   95,97   +18,4% 
TecDAX          3.613,61    +0,4%   13,79   +5,0% 
SDAX          17.094,60    +0,5%   78,05   +22,6% 
CAC           8.141,91    +0,4%   29,89   +9,8% 
SMI           13.259,65    +0,1%   19,06   +14,2% 
ATX           5.304,29    +1,1%   56,33   +43,2% 
 
DEVISEN          zuletzt    +/- %    0:00 Mo, 18:00  % YTD 
EUR/USD          1,1769    +0,0%   1,1767   1,1756  +13,7% 
EUR/JPY          183,56    -0,1%   183,67   183,59  +13,1% 
EUR/CHF          0,9286    -0,1%   0,9291   0,9287  -1,0% 
EUR/GBP          0,8715    -0,0%   0,8716   0,8712  +5,4% 
USD/JPY          155,94    -0,1%   156,03   156,12  -0,5% 
GBP/USD          1,3505    +0,0%   1,3502   1,3494  +7,9% 
USD/CNY          7,0292    -0,0%   7,0312   7,0324  -2,3% 
USD/CNH          6,9881    -0,2%   6,9987   7,0001  -4,5% 
AUS/USD          0,6701    +0,1%   0,6693   0,6690  +8,4% 
Bitcoin/USD       87.770,40    +0,6% 87.232,35 87.544,55  -7,3% 
 
ROHÖL           zuletzt VT-Settlem.   +/- %  +/- USD  % YTD 
WTI/Nymex          58,29    58,08   +0,4%    0,21  -20,9% 
Brent/ICE          62,12    61,94   +0,3%    0,18  -19,4% 
 
METALLE          zuletzt    Vortag   +/- %  +/- USD  % YTD 
Gold           4.384,52   4.330,40   +1,2%   54,12  +72,8% 
Silber           74,90    72,18   +3,8%    2,73 +173,6% 
Platin          1.854,76   1.791,70   +3,5%   63,06 +137,7% 
Kupfer            5,49     5,49     0%    0,00  +33,6% 
YTD bezogen auf Schlussstand des Vortags 
(Angaben ohne Gewähr) 
=== 

Contact the author: maerkte.de@dowjones.com

DJG/thl/ros

(END) Dow Jones Newswires

December 30, 2025 7:01 a.m. ET (12:01 p.m. GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.



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