Co-op says cyber attack cost it £206m in revenue
Cooperative, earlier this year’s cyber attack is at least 206 million pounds in lost revenues, he said.
The retailer’s IT networks leaked by computer pirates in April and resulted in payment problems. Widespread scarcity of goods in storesand loss of customer data.
The cooperative chair Debbie White said the “malicious” attack caused “important challenges” in the first half of 2025.
He added that the group should now be “better and stronger to meet the leading challenges and opportunities.”
In general, the retailer was compared with a profit of 3 million pounds in the same period of the previous year, and the loss of pre-tax on July 5-5 July-5 July.
The full cost of the attack may be much higher because cooperation expects to have an impact on the second half of the year.
April’s cyber attacks resulted in problems with empty store shelves and digital payments. The destruction was especially felt in some rural areas where the local cooperative was the only major supermarket.
The funeral houses of the business had to apply for paper -based systems.
Cooperative General Manager Shirine Khoury-Haq said he was proud of how the business reacted to the attack and emphasized many “strong aspects”.
“He also emphasized the areas we need to focus on our food business,” he said.
