HMRC has reported a loss of £47 million due to a phishing scam that compromised 100,000 taxpayer accounts, although affected individuals will not incur any financial loss. The breach involved organized crime using stolen personal information, but HMRC clarified that it was not a cyber-attack and has since secured the accounts and removed any incorrect information. Affected taxpayers will receive notifications from HMRC in the coming weeks.

Four individuals have been arrested in connection with recent cyber-attacks on M&S and the Co-op, which have led to significant operational disruptions for both retailers. The suspects face charges related to computer misuse, blackmail, and organized crime activities, with investigations ongoing to identify those responsible for the attacks that included data theft and ransomware deployment.