Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Co-op is latest British retailer to be hit by cyber attack
    Finance

    Co-Op Is Latest British Retailer to Be Hit by Cyber Attack

    Published by Global Banking & Finance Review®

    Posted on April 30, 2025

    3 min read

    Last updated: January 24, 2026

    Add as preferred source on Google
    Co-op is latest British retailer to be hit by cyber attack - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Quick Summary

    Co-op and Marks & Spencer face cyber attacks, with Scattered Spider suspected in the M&S incident. UK retailers are under increasing cyber threats.

    Co-op Hit by Cyber Attack as UK Retailers Face Threats

    By James Davey and Paul Sandle

    LONDON (Reuters) -Britain's Co-op Group said on Wednesday hackers had attempted to break into its systems, the second high-profile cyber attack on a major UK retailer in as many weeks, following an ongoing incident at Marks & Spencer.

    The Co-op, which is owned by its members and trades from over 2,300 food stores across the UK and also has funeral care, legal and insurance businesses, said the attack had forced it to shut down some of its back office and call centre operations.

    It said all its stores, online operations and funeral homes were trading as usual and it was working to reduce disruption.

    "We have recently experienced attempts to gain unauthorised access to some of our systems," a Co-op spokesperson said.

    "We have taken proactive steps to keep our systems safe."

    The incident appears to have had less of an impact than the attack on Marks & Spencer, one of Britain's best known retailers, which has paused taking clothing and home orders through its website and app for the last six days.

    British companies, public bodies and institutions have been hit by a wave of cyber attacks in recent years, costing them tens of millions of pounds and often months of disruption.

    The attack on M&S has come during a bout of warm weather in Britain, when retailers would normally report an increase in demand for summer clothing. Availability of some food products has also been affected in some stores.

    The National Cyber Security Centre is working with both companies and the National Crime Agency said last week it was aware of the M&S incident.

    The Metropolitan Police confirmed on Wednesday that detectives from its Cyber Crime Unit were investigating the M&S attack.

    RANSOMWARE

    While, M&S has not disclosed the nature of the cyber attack, cyber security experts have said the fact that M&S took systems offline suggested it was a ransomware-related event.

    Technology specialist site BleepingComputer, citing multiple sources, said a ransomware attack that encrypted M&S's servers was believed to have been conducted by a hacking collective known as "Scattered Spider".

    Scattered Spider comprises small clusters of people, including youngsters, who collaborate on and off on specific jobs, security experts and officials have said.

    It has been blamed for unusually aggressive cybercrime sprees, and in 2023, members of its community locked up the networks of casino operators Caesars Entertainment and MGM Resorts International and demanded hefty ransom payments.

    Nathaniel Jones, VP of Security & AI Strategy at cybersecurity company Darktrace, said the alleged confirmation that Scattered Spider was behind the M&S attack via the DragonForce encryptor highlighted the sophisticated threat this group posed to major organisations.

    He said members of the group didn't just exploit technical vulnerabilities but manipulated people, especially IT help desks, through phishing, Multi-Factor Authentication (MFA) bombing, and SIM swapping to gain access.

    Five members alleged to be in the group were charged by U.S. prosecutors in November.

    (Reporting by James Davey and Paul SandleEditing by Kate Holton and Emelia Sithole-Matarise)

    Key Takeaways

    • •Co-op experienced a cyber attack, affecting back office operations.
    • •Marks & Spencer also faced a significant ransomware attack.
    • •Scattered Spider is suspected in the M&S cyber incident.
    • •UK retailers are increasingly targeted by cybercriminals.
    • •Authorities are investigating the recent cyber attacks.

    Frequently Asked Questions about Co-op is latest British retailer to be hit by cyber attack

    1What is the main topic?

    The article discusses recent cyber attacks on UK retailers Co-op and Marks & Spencer.

    2Who is suspected in the M&S attack?

    The hacking group Scattered Spider is suspected in the Marks & Spencer ransomware attack.

    3What is the impact of these attacks?

    The attacks have disrupted operations, with M&S pausing online orders and Co-op facing back office issues.

    More from Finance

    Explore more articles in the Finance category

    Image for Dollar rides haven demand as Middle East talks ring hollow
    Dollar Rides Haven Demand as Middle East Talks Ring Hollow
    Image for Oil prices fall as Trump pauses attacks on Iranian energy plants
    Oil Prices Fall as Trump Pauses Attacks on Iranian Energy Plants
    Image for Trump weighs sending another 10,000 ground troops to the Middle East, WSJ reports
    Trump Weighs Sending Another 10,000 Ground Troops to the Middle East, Wsj Reports
    Image for UK vehicle output drops sharply in 'extremely worrying' February decline, SMMT says
    UK Vehicle Output Drops Sharply in 'extremely Worrying' February Decline, Smmt Says
    Image for Ousted Ben & Jerry's board chair sues Unilever, alleging defamation
    Ousted Ben & Jerry's Board Chair Sues Unilever, Alleging Defamation
    Image for UK GfK consumer sentiment drops to 11-month low on Iran war worries
    UK GfK Consumer Sentiment Drops to 11-month Low on Iran War Worries
    Image for KKCG Maritime sweetens offer for raising stake in Italian yacht maker Ferretti
    Kkcg Maritime Sweetens Offer for Raising Stake in Italian Yacht Maker Ferretti
    Image for Unilever sued for defamation by ousted chair of Ben & Jerry's board
    Unilever Sued for Defamation by Ousted Chair of Ben & Jerry's Board
    Image for Europeans to press US over Russian support for Iran
    Europeans to Press US Over Russian Support for Iran
    Image for Trading Day: Sell everything (except oil)
    Trading Day: Sell Everything (except Oil)
    Image for Exclusive-US deploys uncrewed drone boats in conflict with Iran
    Exclusive-US Deploys Uncrewed Drone Boats in Conflict With Iran
    Image for Rugby-English Prem to introduce "salary floor"
    Rugby-English Prem to Introduce "salary Floor"
    View All Finance Posts
    Previous Finance PostIreland's Reliance on Foreign Multinational Taxes Grew in 2024
    Next Finance PostEDF's Incoming Chief Pledges to Focus on Domestic Nuclear Sector