Subscribe Login
DE4CC0DE-5FC3-4494-BCBF-4D50B00366B5
Technology

Lidl Owner Steps Up Efforts To Combat Cyber Attacks With XM Cyber Acquisition

Schwarz Group, the parent company of Lidl and Kaufland, has stepped up its cyber security credentials with the acquisition of Israeli business XM Cyber.

The retailer said that the acquisition enables it to 'prepare for future challenges regarding IT security', in an environment in which ransomware and other cyber attacks are becoming more commonplace.

Retailer Coop Sweden saw its checkout systems disabled following a cyber attack during the summer, while Spanish beer maker Damm was forced to halt output in Barcelona following a similar attack earlier this month.

'Critical Attack Paths'

Working alongside XM Cyber, Schwarz Group said that it will be able to discover 'critical attack paths across on-premises and multi-cloud networks', thereby enabling it to close any security gaps before systems are compromised.

Following the acquisition, XM Cyber will continue to operate independently, supporting its global customer base.

'Technical Understanding'

"XM Cyber brings deep technical understanding and innovation that perfectly complements our portfolio for advanced cybersecurity services," commented Christian Müller, chief information officer at Schwarz Group.

"Finding and closing security gaps from an attacker's perspective is a disruptive approach to the way organisations can proactively protect their networks. XM Cyber's solution builds on our strong IT security to further protect our customers, partners, and ourselves as a company."

Elsewhere, XM Cyber CEO Noam Erez said that teaming up with Schwarz Group means that the business "can accelerate innovation and growth and further strengthen our position in the global cybersecurity market".

© 2021 European Supermarket Magazine. Article by Stephen Wynne-Jones. For more Technology news, click here. Click subscribe to sign up to ESM: European Supermarket Magazine.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

By signing up you are agreeing to our Terms & Conditions and Privacy Policy
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days
Enjoy unlimited digital access for 30 days
Get exclusive access to the latest grocery retail & FMCG news, interviews with industry leading executives, and expert analysis on the trends shaping the sector today
Enjoy unlimited digital access for 30 days