Knights of Old, a 160-year-old haulage company, went into administration following a significant ransomware attack that corrupted critical financial data. Despite their confidence in security measures, the cyberattack disrupted operations and led to an inability to meet financial reporting deadlines for lenders. The director, Paul Abbott, emphasized the need for vigilance among businesses regarding cybersecurity, as the attack ultimately forced the company, which had been operational since 1865, to close its doors and lay off 730 employees.
We felt we were in a very good place in terms of our security, our protocols, the measures we'd gone to to protect the business.
Despite efforts to maintain operations manually, the attack damaged key data, making it impossible to meet reporting deadlines set by lenders.
Collection
[
|
...
]