Massive impact of cyber attack on Co-op results revealed

The Co-operative Group has revealed the massive impact of this year’s cyber attack on its half-year results. The attack, described as ‘sophisticated and malicious’, led the retail giant to shut down several systems temporarily, resulting in a total estimated first-half impact of £80m across profit and cashflow, including £20m of direct costs.  Statutory operating results … Continue reading Massive impact of cyber attack on Co-op results revealed