Co-op’s IT system shutdown due to suspected cyber attack leaves customers and employees in the dark about the nature of the breach.
The UK‘s largest consumer co-operative group, the Co-operative Group, has been forced to shut down a significant portion of its IT system after a suspected cyber attack. The move is intended to prevent any potential data breaches and protect customer information.
A co-operative group is a member-owned and member-controlled business that operates for the mutual benefit of its members.
These groups are formed to provide goods or services to their members, often at a lower cost than traditional businesses.
Co-operatives can be found in various sectors, including agriculture, finance, healthcare, and retail.
They operate on democratic principles, giving each member an equal say in decision-making processes.
The shutdown has resulted in disruptions to various services offered by the Co-op, including online banking, mobile payments, and some store operations. Employees have been informed that their work will be affected until further notice.
In response to the incident, the Co-operative Group’s IT department is working closely with external security experts to identify the source of the attack and implement additional security measures. The company has not disclosed any information about the nature of the attempted hack or whether it was successful.
A cyber attack is a deliberate attempt to breach computer systems, networks, or devices using various techniques.
These attacks can be launched by individuals, groups, or nation-states.
Malware, phishing, and ransomware are common types of cyber attacks.
According to a report, 61% of organizations experienced a data breach in the past year.
Cyber attacks can result in financial losses, reputational damage, and compromised sensitive information.
The Co-op has assured customers that they will do everything possible to minimize the impact on its services. In the meantime, customers are advised to contact their local store for assistance with any banking or shopping needs.
