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:
- Colorado: Cyber attack hits Fremont County government
August 23, 2022
Fremont County government services are being impacted by a cyber attack that began last week. According to a Facebook post made by Fremont County Emergency Management, county officials became aware of the attack, which was impacting county government systems, on Wednesday, Aug. 17. An incident response team led by Fremont County Emergency Management and the Governor’s Office ...
- Hackers attack UK water supplier but extort wrong company
August 16, 2022
South Staffordshire Water, a company supplying 330 million liters of drinking water to 1.6 consumers daily, has issued a statement confirming IT disruption from a cyberattack. As the announcement explains, the safety and water distribution systems are still operational, so the disruption of the IT systems doesn’t impact the supply of safe water to its customers ...
- UK: Ransomware attack on NHS systems could take weeks to fix, major IT provider warns
August 11, 2022
A cyberattack that hit a major IT provider for the NHS and severely affected the 111 service involved ransomware and could take up to four weeks to fix, it has emerged. Advanced, which supplies vital systems for the NHS, said it suffered a cyber breach around 7am on 4 August which has now been contained. The attack ...
- 7-Eleven stores in Denmark closed due to a cyberattack
August 8, 2022
7-Eleven stores in Denmark shut down today after a cyberattack disrupted stores’ payment and checkout systems throughout the country. The attack occurred early this morning, August 8th, with the company posting on Facebook that they were likely “exposed to a hacker attack”. The translated statement says that the company has closed all the stores in the country ...
- Taiwanese military reports DDoS in wake of Pelosi visit
August 4, 2022
Taiwan’s Ministry of National Defense confirmed it was hit by a DDoS attack on Wednesday in what has been an eventful week for the island nation, US-Sino relations, and semiconductors. The ministry said the network was attacked around 23:40 with connection restored by 00:30 local time on Thursday. Cabinet spokesperson Lo Ping-cheng said work on heightening ...
- DDoS attacks in Q2 2022
August 3, 2022
Politically-motivated cyberattacks dominated the DDoS landscape in the second quarter of 2022 just as they did in the previous reporting period. ALtahrea Team, a group targeting NATO and its partners, attacked public transportation websites in Israel and the United Kingdom. Israel saw a cyberattack on the Airports Authority, and UK, an attack on the Port ...