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:
- Greece: Technical issue, not cyber attack, behind Hellenic Revenue Service, National Security Service, and National Police websites downtime
November 15, 2024
A technical network problem rather than a cyberattack was ultimately responsible for the simultaneous loss of access observed on the afternoon of Thursday, November 14, to websites of ADC and other government agencies. As competent sources told prototheme.gr, after an investigation, it was found that the temporary interruption of access to websites of the State, such ...
- Telematics giant Microlise suffers cyber attack
November 1, 2024
Telematics giant Microlise suffers cyber attack By Gareth Roberts | 1 November 2024 Connected vehicles Microlise has suffered a cyber attack, with a large proportion of the company’s services affected, leaving fleets without some tracking services. The Microlise board says it has appointed external cyber security specialists whose investigations are underway to establish the nature and ...
- UK: Council website back online after cyber attack
November 1, 2024
Burnley Council website is back online after being disrupted by a cyber attack yesterday afternoon. Services across numerous councils in the North West, including Tameside Council and Salford City Council were targeted with a Distributed Denial of Service attack (DDoS). IT teams have now successfully restored the website, and no data has been compromised. Read more… Source: MSN ...
- Businesses expect cyber threats to rise, but aren’t ready for them
October 28, 2024
It’s no secret that cyber-attacks are becoming increasingly sophisticated, while simultaneously growing in number and volume. Research from the Business Continuity Institute reports that cyber threats have increased in severity over the past year, with 75% of respondents reporting a rise in attempted breaches and 39.4% falling victim to a successful cyber-attack. Read more… Source: MSN News Sign up ...
- London taxi drivers wrongly hit with Ulez charges after TfL cyber attack
October 13, 2024
Thousands of black cab drivers have been wrongly hit with Ulez and Congestion Charge fines after the cyber attack against London’s transport authority. The Licensed Taxi Drivers’ Association (LTDA) said it had received thousands of calls this week from panicking cabbies who had begun receiving automated penalties from Transport for London (TfL). Read more… Source: MSN News Sign up ...
- National Public Data Files for Bankruptcy Following Massive Data Breach
October 11, 2024
Jerico Pictures, the parent company of National Public Data (NPD) and the center of a massive data breach that exposed the personal data of an estimated 2.7 billion people, has filed for Chapter 11 Bankruptcy. National Public Data is a background check company that allows its customers to search billions of records with instant results. The ...