Empire Company Ltd., the parent corporation of grocery chain Sobeys, saw third quarter profits plunge 38 per cent, thanks partly to a massive cyberattack.
Empire also announced that it would be moving Grocery Gateway delivery service customers — which it obtained in the 2021 takeover of Longo’s — to its Voila delivery service. After initially estimating the cost of the attack — which it referred to as a “cyber event” — at just over $25 million, Empire said the net cost will now be $32 million.
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so prices have to up right
No worries! Empire will transfer the pain to their customers?
Can cyber attacks be prevented?
They will be more than happy to pass the cost on to their customers.
Good grief, we have banks putting aside millions so they hide their ‘true’ profits, and we already have other supermarkets hiding ‘true’ profits or blaming other avenues for it - it’s called full of s**t
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