Co-operative Group's $107M Cyberattack Loss Exposes Scattered Spider's Financial Toll
The UK's Co-operative Group reveals an £80 million ($107M) operating profit loss following an April cyberattack by Scattered Spider affiliates, highlighting catastrophic financial impacts beyond ransomware encryption. With 6.5 million members' data stolen and systems paralyzed for weeks, the incident underscores the escalating cost of modern cyber threats.