Co-op Group Faces £206 Million Sales Loss Due to Cyber-Attack

The Co-op Group has reported a staggering £206 million loss in sales due to a cyber-attack in April that compromised its IT networks. This incident not only caused payment issues but also led to significant shortages of goods in stores, underscoring the vulnerabilities retailers face in the digital age. The repercussions of such attacks extend beyond financial losses, affecting consumer trust and the broader economy.