Weak password allowed hackers to sink a 158-year-old company

Weak password allowed hackers to sink a 158-year-old company

Investigative journalist Richard Bilton, from BBC Panorama, uncovered a chilling tale of cybercrime that resulted in the demise of a 158-year-old transportation company in Northamptonshire. KNP, which operated 500 lorries under the brand Knights of Old, fell victim to a ransomware attack orchestrated by hackers known as Akira. This attack left the company’s 700 employees without jobs, as their internal systems were rendered inaccessible by the cybercriminals.

The hackers, who infiltrated KNP’s system through an employee’s compromised password, encrypted the company’s data and demanded a ransom for its release. Despite efforts to negotiate, the company could not meet the hackers’ demands, resulting in the loss of all their data and the subsequent collapse of the business. The National Cyber Security Centre (NCSC) CEO, Richard Horne, emphasized the importance of organizations securing their systems to prevent such devastating attacks.

Hacking incidents have been on the rise, with cybercriminals targeting businesses of all sizes, including major brands like M&S, Co-op, and Harrods. The NCSC, a branch of GCHQ focused on combating cyber threats, faces numerous attacks daily, with the goal of making the UK a safer place online. Suzanne Grimmer of the

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