The UK’s Co-operative Group confirmed an attempted breach into its IT systems. Though core operations like stores and funeral services remain unaffected, proactive containment measures impacted some back-office and call center functions.
The incident underscores growing cyber risks faced by cooperative entities, which often rely on legacy systems vulnerable to sophisticated attacks. Experts praised Co-op’s swift response, highlighting its focus on business continuity.
However, cybersecurity leaders warn that such intrusions reveal systemic weaknesses and urge co-op institutions to shift from reactive responses to proactive, resilience-driven strategies.
Strengthening cyber architecture is now critical to safeguard member trust and operational stability in the cooperative sector. India’s Umbrella Organization NUCFDC is coming handy for the co-op banking sector in the country in this regard, experts say.