158-year-old UK logistics firm collapses after ransomware attack
A 158-year-old UK logistics company went out of business after a ransomware attack, with the loss of 700 jobs. The attackers broke in by guessing a single weak password and demanded a sum the company could not afford.
Key facts
- Affected organisation
- Being confirmed
- Incident type
- Ransomware
- Occurred / detected
- Not confirmed
- Scale of damage
- Business closure and loss of 700 jobs
- Cause / method
- Ransomware attack after intrusion by guessing a weak password
- Location
- United Kingdom
Timeline
- It emerged that a 158-year-old UK logistics company had gone out of business after a ransomware attack via a weak password.
- It emerged that the attackers had demanded an unaffordable sum and that the closure had cost 700 jobs.
4 related reports
- Ransomware Shuts Down 158-Year-Old UK Logistics Firm
- Weak password allowed hackers to sink a 158-year-old company
- Weak password allow hackers sink company - ransomware danger to UK business
- 158-year-old company forced to close after ransomware attack precipitated by a single guessed password — 700 jobs lost after hackers demand unpayable sum
The summary and key facts are written by AI from related reports and may contain errors. Check the original articles and the organisation’s official statements for accurate details.