Co-op Hit by Cyberattack: £120M Loss, 6.5M Members' Data Compromised
British consumer cooperative Co-op has suffered a significant blow due to a cyberattack. The retailer anticipates a loss of around £120 million in the current financial year, with approximately 6.5 million members' data compromised. The incident has led to temporary shutdowns and operational disruptions.
The cyberattack on Co-op is part of a series targeting British companies this year. Jaguar Land Rover, Marks and Spencer, and the British Library have also been victims. In late August, Jaguar Land Rover had to halt production due to a cyberattack, with production expected to resume in early October.
Investigations suggest that these attacks are linked to the financially motivated ransomware group ShinyHunters. Known for data extortion and targeting retail sectors, the group has not been officially confirmed as responsible for these particular attacks. The perpetrators of the Co-op cyberattack remain unknown.
The cyberattack on Co-op is expected to result in a £120 million loss and the compromise of 6.5 million members' data. The attack is part of a series targeting British companies, with Jaguar Land Rover also experiencing production halts. While the group ShinyHunters is suspected, the identity of the Co-op attackers remains unknown. The British government is investigating how to support affected suppliers.
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