How the Co-Op averted worse cyber attack, ‘China-based’ hack targets UK companies

The Co-op has narrowly escaped a catastrophic cyber attack that could have led to severe disruptions. Hackers claiming responsibility tried to infiltrate the company’s systems with ransomware but were thwarted at the last minute. Co-op’s quick detection is contrasted with Marks and Spencer, still struggling to recover from a more debilitating breach. With a new wave of cyber threats on the horizon, analysts warn these attacks are becoming a critical national security threat.

Source: Tech Digest

Key Points

  • Co-op discovered a ransomware attack in progress, successfully preventing major system access.
  • In contrast, Marks and Spencer faces a significant recovery period from extensive cyber breaches.
  • The latest wave of cyber attacks against UK firms is deemed a critical national security threat.
  • Hackers exploited a backdoor in SAP Netweaver, which has since received a critical patch.
  • Successful recovery for Co-op highlights effective incident response mechanisms compared to other affected retailers.

Why should I read this?

If you manage a business or are just curious about cybersecurity trends, this article is a must-read! It highlights the resilience of the Co-op during a high-stakes cyber attack, showcasing how a quick response can mitigate damages. With cyber threats on the rise, staying informed can prepare you for potential risks.