Co-op says it lost $107 million after Scattered Spider attack

Co-op says it lost 7 million after Scattered Spider attack

The Co-operative Group in the UK experienced a significant cyberattack in April 2025, leading to extensive financial losses and data breaches involving 6.5 million members. The incident, linked to the DragonForce ransomware and Scattered Spider affiliates, caused operational disruptions and prompted arrests of young suspects. #DragonForce #ScatteredSpider

Keypoints

  • The Co-operative Group suffered an ÂŁ80 million operating profit loss due to a cyberattack in April 2025.
  • Hackers linked to the DragonForce ransomware stole personal data of all 6.5 million members.
  • The attack caused system shutdowns, stock disruptions, and a ¥206 million revenue reduction.
  • Four suspects aged 17–20 were arrested in connection with the attack and related incidents.
  • The organization maintained strong liquidity and continued recovery efforts despite operational challenges.

Read More: https://www.bleepingcomputer.com/news/security/co-op-says-it-lost-107-million-after-scattered-spider-attack/