Co-op reveals £80m profit hit from cyber attack - with more to come

The Co-operative Group has disclosed that a cyber attack in April has resulted in an £80 million hit to its half-year operating profits. This significant financial impact raises concerns about the ongoing vulnerabilities businesses face in the digital age and highlights the importance of robust cybersecurity measures. As companies increasingly rely on technology, the repercussions of such attacks can be far-reaching, affecting not just profits but also consumer trust.