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The Ransomware Business Model Has Found Groceries

Thesis: cyberattacks on supermarkets will keep rising because the economics favor the attackers — and retail cybersecurity budgets haven't caught up.

The Ransomware Business Model Has Found Groceries

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Thesis: cyberattacks on supermarkets will keep rising because the economics favor the attackers — and retail cybersecurity budgets haven't caught up.

French supermarkets are the latest to learn what hackers already know: a grocer can't let the freezers thaw [money#1].

I keep score on calls like this, so here's the mechanism. Ransomware crews pick targets where downtime is measured in spoiled inventory, not just lost sales. Supermarkets fit perfectly — thin margins, sprawling suppliers, refrigeration as a single point of failure [money#1].

The trade is obvious: every retailer that treats cybersecurity as an IT line item instead of an operations risk is mispriced [money#1].

Prediction: at least one major European grocer discloses a material cyberattack affecting operations before year-end [check: 2026-12-31].