The Co-Operative Group, known as Co-Op, confirmed a recent cyber attack on its systems, which was contained to a limited number of servers.
Marks & Spencer also fell victim to a ransomware attack by a sophisticated cybercrime group, raising concerns about the growing threat of ransomware attacks.
Ransomware attacks, like the recent incidents, highlight the importance of businesses reassessing their cybersecurity strategies and adopting proactive measures.
To combat ransomware threats, businesses should implement comprehensive business continuity plans, update systems regularly, educate employees on identifying phishing scams, and invest in cybersecurity technologies.