Swedish Coop supermarkets shut due to US ransomware cyber-attack

2021-07-06
Some 500 Coop supermarket stores in Sweden have been forced to close due to an ongoing "colossal" cyber-attack affecting organisations around the world.

Some 500 Coop supermarket stores in Sweden have been forced to close due to an ongoing "colossal" cyber-attack affecting organisations around the world. Coop Sweden says it closed more than half of its 800 stores on Friday after point-of-sale tills and self-service checkouts stopped working.

The hackers who are believed to be behind the massive cyber attack that has affected hundreds of companies globally are demanding 70 million dollars.

- I'm not a bit surprised, says Minister of Defense Peter Hultqvist

The food chain expects a large loss. In order to be able to open its almost 800 stores as soon as possible, Coop has put all its resources into the work. In addition, hundreds of IT technicians have been sent to stores around the country to get their payment systems in order.

Exact figures on how the attack will affect the company financially are still unknown According to IT expert's calculations, it is likely that the food chain will lose more than 12 million dollars every day.

How can you secure your business from a Coop-scenario?

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