The Santa Clause: Christmas Cyber Insurance
Three cyber insurance coverages that Santa should be applying for and buying during the Christmas holiday season!
This year has been a wake-up call for retailers and cyber risk professionals alike. Major names like Marks & Spencer, Harrods, and Adidas all faced cyber incidents that disrupted operations and exposed sensitive customer data.
In April 2025, M&S suffered a sophisticated ransomware attack over the Easter weekend, forcing a halt to online orders and automated stock systems, affecting inventory and costing the company an estimated £300 million in lost profit. Harrods experienced an attempted unauthorized access around the same time, but managed to contain the attack with minimal operational impact. Meanwhile, Adidas reported a breach via a third-party provider, exposing customer contact details.
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