One weak password 700 jobs lost: a cautionary tale from a 158‑year‑old business
This week, another cyber attack was reported by BBC investigations. This time, a Northamptonshire transport firm, Knights of Old, established 158 years ago, collapsed after a ransomware gang exploited a weak password. The attack led to the failure of recovery defences and the deletion of critical backups, ultimately sealing the company’s fate and resulting in the loss of around 700 jobs.
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