After all these years of reporting on breaches, it’s still unusual to read that a company has folded as a result of a data breach, but we live in different times because of the added burden of the pandemic.
Phil Muncaster reports:
Ransomware victim Travelex has been forced into administration, with over 1000 jobs set to go.
[…]
“The impact of a cyber-attack in December 2019 and the ongoing COVID-19 pandemic this year has acutely impacted the business,” admitted PwC in a notice announcing the news.
The Sodinokibi (REvil) variant is believed to have struck the firm on New Year’s Eve last year, forcing its website offline and impacting its bricks-and-mortar stores and banking services.
Read more on InfoSecurity Magazine.