The Co-operative Group reveals £80m earnings hit from ‘malicious’ cyber attack
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The Co-operative Group has revealed it slumped to a half- year loss after taking an earnings hit of around £80 million from a ‘malicious’ cyber attack in April. Shoppers were faced with empty shelves and issues with payments during the fallout from the cyber incident, as a raft of retailers were hit. The group shut off parts of its IT systems after the attack, in which hackers accessed and extracted all 6.5 million members’ personal data. #coop #hackers #money #cooperative
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