During a recent cyber attack, Co-op narrowly avoided being locked out of its systems, which resulted in customer data theft and product shortages. Hackers claimed responsibility for the attack, stating their ransomware efforts failed due to Co-op's swift action to take its systems offline. This quick decision, deemed sensible by experts, allowed Co-op to mitigate long-term damage despite facing immediate disruptions, in contrast to M&S, which suffered more severe system compromises. Co-op's response highlights the complexities of crisis management in cyber incidents.
"Co-op's network never ever suffered ransomware. They yanked their own plug - tanking sales, burning logistics, and torching shareholder value," the criminals said.
"Co-op seems to have opted for self-imposed immediate-term disruption as a means of avoiding criminal-imposed, longer-term disruption. It seems to have been a good call for them in this instance," said Jen Ellis.
Collection
[
|
...
]