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:
- Cyberattack forces First American to take some IT systems offline
December 22, 2023
First American, one of the largest insurance companies in the United States, suffered a malware attack that forced the company to shut some of its systems down, including its website. At press time, the official website firstam.com was still offline, while a dedicated notification site – firstamupdate.com – was set up. There is a short notification ...
- UK: IT failures causing patient deaths, says NHS safety body
December 19, 2023
Urgent action is needed to address NHS computer failings which are causing harm to patients, the patient safety watchdog has told BBC News. The watchdog has evidence of patient deaths due to IT system errors. The government called the reports “concerning” and said it would work with NHS England to take necessary action to protect patients. ...
- Israeli-linked hacker group behind major cyber-attack on Iran’s petrol stations
December 18, 2023
An Israeli-linked hacker group claims to have carried out a major cyber-attack on Iranian petrol stations, knocking 70 per cent of them offline on Monday. Predatory Sparrow, or “Gonjeshke Darande” in Persian, said it launched the “controlled” attack in response to “aggression” by the Islamic Republic and its proxies in the region. “This cyber attack was ...
- Kyivstar explains network failure by hacker attack, subscriber data not compromised
December 12, 2023
A failure in the network of Ukraine’s largest telecoms operator Kyivstar, which occurred on Tuesday morning, was caused by a hacker attack, but subscriber data was not compromised, the company involved law enforcement agencies and special government services in eliminating the failure, and promises compensation to customers. “On the morning of December 12, the Kyivstar communications ...
- Ransomware ‘catastrophe’ at Fidelity National Financial causes panic with homeowners and buyers
November 27, 2023
Last Tuesday, Fidelity National Financial, or FNF, a real estate services company that bills itself as the “leading provider of title insurance and escrow services, and North America’s largest title insurance company,” announced that it had experienced a cyberattack. Since then, homeowners who have mortgages and prospective buyers who are purchasing properties with FNF or one ...
- Thousands of house purchases frozen by cyber attack
November 25, 2023
Thousands of home moves have been thrown into limbo following a cyber attack on an IT company used by property conveyancers. An outage at CTS has hit around 80 law firms, halting a series of property exchanges and completions across the country since Wednesday. Rob Hailstone, chief executive of Bold Legal Group, which runs a forum ...