Co-op Cyberattack Costs Group an Estimated £120 Million
🔒 In its latest half-year report the Co-operative Group said it expects to lose about £120 million in profits this financial year after a cyberattack forced temporary shutdowns of parts of its IT estate. The company reported that personal data for roughly 6.5 million members was stolen, prompting operational disruption across its supermarkets as well as its financial and funeral services. The identity of the attackers remains unclear and investigations are ongoing.
