A Klarna rival collapsed into bankruptcy after millions of pounds was stolen in a cyber attack. The collapse of Laybuy, a buy now, pay later (BNPL) start-up, followed a previously unreported hacking between December and February that left the business on the brink.
Laybuy, which had more than 750,000 customers and was headquartered in New Zealand, filed for administration in June after struggling to crack the UK market. The group had revenues of around NZ$42m (£20m).
Read more…
Source: MSN News
Related:
- Agri-Food Sector Under Increasing Threat From Cyber Attacks
September 20, 2024
As the agri-food sector increasingly embraces automation with GPS, robotic systems, cloud-connected devices, and AI-driven tools to boost efficiency and crop yields, cyber risks have been rapidly escalating. With ransomware attacks as the primary threat, the food and agriculture sector ranks as the seventh most targeted industry in the United States, just behind sectors like manufacturing ...
- Cyber attack on city of Wichita limited to police records, internal investigation finds
September 19, 2024
A ransomware attack that crippled the city of Wichita’s network for more than a month starting in May was limited to a Wichita Police Department records system, city officials said Wednesday. That means the Russian hacker group — LockBit — that claimed credit for the attack did not access bank card numbers, social security numbers or ...
- Teenager arrested following cyber attack on Transport for London
September 13, 2024
A 17-year-old boy has been arrested following a cyber attack on Transport for London. Hackers may have accessed the bank details and home addresses of at least 5,000 customers, TfL admitted on Thursday. The Information Commissioner has been informed. National Crime Agency officers said they had arrested a teenager from Walsall, in the West Midlands, on ...
- UK: TfL still affected by ‘ongoing cyber incident’
September 6, 2024
Transport for London (TfL) has restricted its online services as its computer systems continue to be affected by a cyber attack. The organisation said it took action including limiting access to some live travel information services via apps and its website, and preventing passengers from viewing their journey history for trips paid for by contactless cards. ...
- Victoria: Simmering anger from firies over cyber attack details
September 5, 2024
Two years on from a cyber attack firefighters say their systems are not fully restored and they still do not know if their information was leaked. Victoria’s fire service says it continues to update the workforce about a cyber attack, but the firefighting union is fuming, saying it is still in the dark over the incident ...
- Spain’s Alcampo Acts Quickly To Mitigate Impact Of Cyber Attack
August 29, 2024
Spanish retailer Alcampo has reportedly suffered a cyber attack, however the group told local media that it acted quickly to mitigate its effects. The retailer experienced the cyber attack between Sunday 25 August and Monday 26 August, according to media reports, and upon discovery of the incident, engaged data protection experts to implement the necessary technical, ...