UK Grocer Co-op Sees £120 Million Profit Hit From Cyberattack

Bloomberg TechnologyThursday, September 25, 2025 at 8:07:31 AM
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UK Grocer Co-op Sees £120 Million Profit Hit From Cyberattack
The UK supermarket chain Co-op is grappling with a significant £120 million profit loss due to a cyberattack that occurred in April. This incident forced the company to temporarily shut down essential systems, highlighting the growing threat of cybercrime in the retail sector. Such financial impacts not only affect the company's bottom line but also raise concerns about consumer trust and the security of personal data.
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