Co-op reveals £80m profit hit from cyber attack disruption with more to come
- The Co-operative Group suffered a sophisticated cyberattack in April 2025 that forced it to shut parts of its IT systems and caused empty shelves and payment problems.
- The attack was enabled by hackers impersonating employees to access corporate accounts, and it resulted in the theft of data from all 6.5 million Co-op members.
- The cyberattack resulted in an £80 million reduction in operating profits for the first half of the year, which included £20 million in exceptional charges, causing the Co-operative Group to report a £75 million loss before tax for the period ending July 5, 2025.
- Co-Op chair Debbie White praised the 53,000 employees' response for maintaining vital services, while CEO Shirine Khoury-Haq said the incident highlighted strengths and areas to focus on, especially in the food business.
- The group expects a reduced cyber impact in the second half of 2025, offered members discounts to restore trust, and law enforcement arrested four suspects linked to attacks on Co-op and other retailers.
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Co-op says it lost $107 million after Scattered Spider attack
The Co-operative Group in the U.K. released its interim financial results report for the first half of 2025 with a massive loss in operating profit of £80 million ($107 million) due to the cyberattack it suffered last April.
Co-op digests £80m profit hit from cyber attack
The Co-operative Group has revealed an £80m hit to half-year profit after a damaging cyber attack earlier this year. The retail and funerals specialist said that it had slumped to a loss in the first half of 2025 after being targeted by a “malicious” cyber attack. Shoppers were faced with empty shelves and issues with payments during the fallout from the cyber incident in April, as a raft of retailers were hit. The company shut off parts of its …
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