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:
- Major US grocery distributor warns of disruption after cyberattack
June 9, 2025
United Natural Foods (UNFI), a major distributor of groceries to Whole Foods and other retailers, said on Monday that it was hit by a cyberattack, warning of disruptions to its ability to fulfill and distribute customer orders. UNFI said in a Monday filing with the U.S. Securities and Exchange Commission that it became aware of unauthorized ...
- Trump’s sanctions on ICC prosecutor have halted tribunal’s work
May 15, 2025
The International Criminal Court’s chief prosecutor has lost access to his email, and his bank accounts have been frozen. The Hague-based court’s American staffers have been told that if they travel to the U.S. they risk arrest. Some non-governmental organizations have stopped working with the ICC and the leaders of one won’t even reply to emails ...
- Cyber crime a big threat to Nigeria’s oil, gas sector
May 14, 2025
Nigeria’s strategic oil and gas industry has been urged to beef up its cyber security and avoid massive potential cost to the economy if current measures fail. According to Check Point’s African Perspectives on Cyber Security Report 2024, Nigeria continues to face one of the highest frequencies of cyber attacks in Africa, with organisations being attacked ...
- UK supermarket Morrisons’ sales growth slows after cyber attack
March 26, 2025
British supermarket group Morrisons’ sales growth slowed in its first quarter, reflecting a previously flagged cyber attack at its technology provider which disrupted its operations. The UK’s fifth largest grocer, which has been owned by U.S. private equity firm Clayton, Dubilier & Rice since 2021, said on Wednesday its like-for-like sales rose 2.1% in its quarter ...
- KLIA operations not affected after Malaysian airport hit by cyber attack
March 25, 2025
Operations at the Kuala Lumpur International Airport (KLIA) were not affected by a cyber attack by hackers who demanded US$10 million (S$13.4 million). In a joint statement on March 25, the National Cyber Security Agency (Nacsa) and Malaysia Airports Holdings Berhad (MAHB) said they detected a cyber-security threat affecting certain computer systems at KLIA on March ...
- Ohio: Cleveland Municipal Court reopens after cyber attack
March 12, 2025
Cleveland Municipal Court is back open after a cyber attack forced a multi-week shutdown. Details have been limited about the incident itself, but court visitors said it’s caused a frustrating delay. Most operations have been suspended since Feb. 23 when the court discovered it was the victim of a cyber attack. Read more… Source: News 5 Cleveland Sign up ...