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Evening Standard
Evening Standard
Business
Jonathan Prynn

Loss making Co-op reveals £206 million cost of "malicious" cyber attack

A “malicious and sophisticated” cyber attack sent the Co-op plunging into the red in the first half of the year as it revealed it lost more than £200 million in revenue.

The grocery stores, financial services and funeral homes group was crippled by hackers in April that left shelves empty in stores across the UK. Data on all 6.5 million members was stolen.

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