Cyber Shocker: Co-op’s £206M Meltdown from Scattered Spider Attack!
The Co-op lost £206m in revenue due to a “malicious” cyber-attack, with sales impacts continuing into H2 2025. Linked to the Scattered Spider group, the attack also targeted M&S and Harrods. Co-op’s CEO praised resilience but noted areas for improvement. Meanwhile, UK law enforcement arrested four suspects, three of whom were teenagers.
Hot Take:
Who would’ve thought that a shopping trip to Co-op could turn into a cyber-rollercoaster ride? The UK’s beloved retailer has become a prime example of why you shouldn’t click on suspicious links—even if they promise a lifetime supply of crumpets. Lesson learned: Even when you’re in the food business, the last thing you want is ransomware making a meal out of your systems!
Key Points:
- Co-op lost £206m ($277m) in revenue due to a cyber-attack in April.
- The attack contributed to a total loss of £80m ($107m) for the six months ending July 2025.
- No specifics on remediation costs, but a one-off non-underlying cost of £20m ($27m) was noted.
- The attack is linked to the Scattered Spider group, also targeting M&S and Harrods.
- Co-op launched an initiative with The Hacking Games to address youth-related cyber threats.
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