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Weak password allowed hackers to sink a 158-year-old company

NORTHAMPTONSHIRE, ENGLAND, JUL 21 – A weak employee password enabled the Akira ransomware gang to encrypt data and shut down KNP Logistics, resulting in 700 job losses and exposing limits of cyber insurance.

  • A logistics firm named KNP went out of business after hackers accessed its systems using a weak password.
  • Richard Horne from the National Cyber Security Centre emphasized the need for improved security amid increasing cyber attacks.
  • An estimated 19,000 British companies suffered ransom attacks in the last year, according to a government cyber security survey.
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BBC News broke the news in United Kingdom on Monday, July 21, 2025.
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