Co-op cyber attack – many possibilities for security expert to consider

TLDR:

Key points:

• Co-op cyber attack could be ransomware, corporate espionage, or other malicious tactics
• Co-op has not disclosed full details but is working to secure their systems

A recent cyber attack against Federated Co-operatives Ltd. has left some stores still facing issues. While the company has not disclosed the full extent of the attack, cyber security expert Dr. Kwasi Boakye-Boateng has highlighted the various possibilities, including ransomware and deliberate damage. Boakye-Boateng suggests that Co-op’s delay in sharing details may be due to ongoing security checks and fixing vulnerabilities.

Boakye-Boateng notes the increasing sophistication of hackers and the necessity for companies to be proactive in security measures. He emphasizes the importance of proper password practices and two-factor authentication for individuals to protect their data. The cyber attack on Co-op serves as a reminder of the growing threat of cyber attacks and the need for enhanced cybersecurity measures.