A major cyberattack on the Co-op retail chain resulted in a £206 million revenue loss and theft of customer data, impacting store operations across the UK. The hackers, linked to the Scattered Spider group, caused significant disruptions, including stock shortages and system outages. #ScatteredSpider #CoopDataBreach
Keypoints
- The Co-op retail chain suffered a £206 million revenue loss due to a cyberattack in April.
- Customer data from 6.5 million members was stolen, despite avoiding ransomware lockdowns.
- The attack caused stock shortages and system outages affecting in-store operations.
- Individuals involved in the hacks, including minors, were arrested and linked to the Scattered Spider group.
- Co-op reported a total profit loss of £80 million in the first half of the year from the cyber incident.
Read More: https://therecord.media/retailer-the-co-op-cyberattack-lost-revenue