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Four arrested in connection with M&S and Co-op cyber attacks

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Joe Tidy

Cyber correspondent, BBC World Service

Alamy M&S and Co-op store frontsAlamy

Four people have been arrested by police investigating the cyber-attacks that have caused havoc at M&S and the Co-op.

The National Crime Agency (NCA) says a 20-year-old woman was arrested in Staffordshire, and three males – aged between 17 and 19 – were detained in London and the West Midlands.

They were apprehended on suspicion of Computer Misuse Act offences, blackmail, money laundering and participating in the activities of an organised crime group.

All four were arrested at their homes in the early hours of Thursday. Electronic devices were also seized by the police.

One of the suspects – a 19-year-old man – is from Latvia, the rest are from the UK.

Neighbours described a large police operation in the quiet Staffordshire cul-de-sac where the 20-year-old was arrested.

They said dozens of NCA officers, some wearing balaclavas, arrived in the early hours of this morning and smashed down the door of a family home. Later they were seen taking away a large number of electronic devices.

Paul Foster, head of the NCA’s National Cyber Crime Unit, said the arrests were a “significant step” in its investigation.

“But our work continues, alongside partners in the UK and overseas, to ensure those responsible are identified and brought to justice,” he added.

 NCA police

Neighbours say NCA officers removed electronic devices from one property

The hacks – which began in mid April – have caused huge disruption for the two retailers.

Some Co-op shelves were left bare for weeks, while M&S expects its operations to be affected until late July, with some IT systems not fully operational until October or November.

The chairman of M&S told MPs this week that it felt like the hack was an attempt to destroy the business. The retailer has estimated it will cost it £300m in lost profits.

Harrods was also targeted in an attack that had less impact on its operations.

A wave of attacks

M&S was the first to be breached. A huge amount of private data belonging to customers and staff was stolen.

The criminals also deployed malicious software called ransomware scrambling the company’s IT networks making them unusable unless a ransom was paid.

The BBC revealed that the hackers had sent an offensive email to the M&S boss demanding payment.

A few days after M&S was breached the Co-op was also targeted by criminals who broke in and stole the private data of millions of its customers and staff.

The Co-op was forced to admit that the data breach had happened after hackers contacted the BBC with proof that the firm was downplaying the cyber attack.

The BBC later discovered from the criminals that the company disconnected the internet from IT networks in the nick of time to stop the hackers from deploying ransomware and so causing even more disruption.

Shortly after Co-op announced it had been attacked, luxury retailer Harrods said it too had been targeted and had been forced to disconnect IT systems from the internet to keep the criminals out.

The four people arrested are a 17-year-old British male from the West Midlands, a 19-year-old British man from London, a 19-year-old Latvian male from the West Midlands and a 20-year-old British woman from Staffordshire.

The NCA said its operation was supported by officers from the West Midlands Regional Organised Crime Unit and the East Midlands Special Operations Unit.

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Business

No imminent change to tax-free allowance

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There will be no immediate changes to cash Individual Savings Accounts (Isas), the BBC understands.

Chancellor Rachel Reeves was widely expected to announce plans to reduce the £20,000 tax-free allowance.

The move was aimed at encouraging more investment in stocks and shares, which the goverment says it will still focus on.

“Our ambition is to ensure people’s hard-earned savings are delivering the best returns and driving more investment into the UK economy,” a Treasury spokesperson said.

The Treasury is expected to continue to talk to banks, building societies and investment firms about options for reform.

An Isa is a savings or investment product that is treated differently for tax purposes.

Any returns you make from an Isa are tax-free, but there is a limit to how much money you can put in each year.

The current £20,000 annual allowance can be used in one account or spread across multiple Isa products as you wish.



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UK economy shrank unexpectedly in May

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The economy shrank by 0.1%, the second month in a row it has contracted.



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Trump threatens 35% tariffs on Canadian goods

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US President Donald Trump has said he will slap a 35% tariff on Canadian goods starting 1 August, even as the two countries are days away from a self-imposed deadline to reach a new deal on trade.

The missive came as Trump also threatened blanket tariffs of 15% or 20% on most trade partners, and said he would soon notify the European Union of a new tariff rate on its goods.

Trump announced the latest levies on Canada on Thursday in a letter posted to social media and addressed to Prime Minister Mark Carney.

The US has already imposed a blanket 25% tariff on some Canadian goods, and the country is feeling the pain of the Trump administration’s global steel, aluminium and auto tariffs.

The letter is among more than 20 that Trump had posted this week to US trade partners, including Japan, South Korea and Sri Lanka.

Like Canada’s letter, Trump has vowed to implement those tariffs on trade partners by 1 August.

The US has imposed a 25% tariff on all Canadian imports, though there is a current exemption in place for goods that comply with a North American free trade agreement.

It is unclear if the latest tariffs threat would apply to goods covered by the Canada-United States-Mexico Agreement (CUSMA).

Trump has also imposed a global 50% tariff on aluminium and steel imports, and a 25% tariff on all cars and trucks not build in the US.

He also recently announced a 50% tariff on copper imports, scheduled to take effect next month.

Canada sells about three-quarters of its goods to the US, and is an auto manufacturing hub and a major supplier of metals, making the US tariffs especially damaging to those sectors.

Trump’s letter said the 35% tariffs are separate to those sector-specific levies.

“As you are aware, there will be no tariff if Canada, or companies within your country, decide to build or manufacture products within the United States,” Trump stated.

He also tied the tariffs to what he called “Canada’s failure” to stop the flow of fentanyl into the US, as well as Canada’s existing levies on US dairy farmers and the trade deficit between the two countries.

“If Canada works with me to stop the flow of Fentanyl, we will, perhaps, consider an adjustment to this letter. These Tariffs may be modified, upward or downward, depending on our relationship with Your Country,” Trump said.

President Trump has accused Canada – alongside Mexico – of allowing “vast numbers of people to come in and fentanyl to come in” to the US.

According to data from the US Customs and Border Patrol, only about 0.2% of all seizures of fentanyl entering the US are made at the Canadian border, almost all the rest is confiscated at the US border with Mexico.

In response to Trump’s complaints, Canada announced more funding towards border security and had appointed a fentanyl czar earlier this year.

Canada has been engaged in intense talk with the US in recent months to reach a new trade and security deal.

At the G7 Summit in June, Prime Minister Carney and Trump said they were committed to reaching a new deal on within 30 days, setting a deadline of 21 July.

Trump threatened in the letter to increase levies on Canada if it retaliated. Canada has already imposed counter-tariffs on the US, and has vowed more if they failed to reach a deal by the deadline.

In late June, Carney removed a tax on big US technology firms after Trump labelled it a “blatant attack” and threatened to call off trade talks.

Carney said the tax was dropped as “part of a bigger negotiation” on trade between the two countries.

The Prime Minister’s office told the BBC they did not have immediate comment on Trump’s letter.



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