Tag Archives: business

Trading in the City of London has been plunged into chaos after a Russian-linked ransomware gang attacked a company that plays a key role in Britain’s financial system. Lockbit, the group behind the cyber attack against Royal Mail last month, targeted trading software provider Ion Group on Tuesday. The London-based …

Households with books of non-barcoded stamps tucked away in purses, wallets and drawers are being encouraged to use them up or swap them out as the old design edges towards the end of its shelf life. Royal Mail is asking those who may have stockpiled stamps for future use to …

Issues with deliveries have caused turmoil for retailers. Almost 40pc more packages were returned between Christmas and New Year compared to last year, figures from returns company ReBound showed, after presents turned up too late. Altogether the row with the Communication Workers Union (CWU) has cost Royal Mail around £200m …

Britain’s coal fired power stations have been warmed up again amid concerns over the country’s energy supply. National Grid’s Electricity System Operator said it was a “prudent” organisation and the move was a contingency measure. 5 things to start your day  1) Baffling Brexit plan will wreck trade, says M&S chief …

The chief executive of Royal Mail has been accused of misleading MPs over the treatment of workers and whether the postal service puts parcels ahead of letters. Simon Thompson is to be hauled back in front of the Commons Business, Energy and Industrial Strategy Committee following claims that he “gave …

Royal Mail has resumed international deliveries for the first time following a cyber attack that crippled the postal service’s computer systems. The company said it had finally begun sending letters and parcels abroad again, albeit in limited volumes, after a full week of paralysis. Critical systems at Royal Mail’s international …

Royal Mail’s chief executive is to face questions from MPs over the Russia-linked ransomware attack that caused international deliveries to grind to a halt this week. Simon Thompson, chief executive of Royal Mail, will be asked about Tuesday’s cyber attack when he appears before the Commons business select committee. It …

The gang’s members are believed to have close links to Russia.  A Lockbit member said in a blog post published on the dark web last year: “We benefit from the hostile attitude of the West (towards Russia). It allows us to conduct such an aggressive business and operate freely within …

Royal Mail has been left unable to send letters or parcels overseas after the postal service suffered a crippling "cyber incident". Source link

Cyber security experts warned that the damage to Royal Mail’s computer system looked extensive.  Jake Moore, an expert at software business ESET, said: “After multiple strikes and labour shortages, this attack will have come at one of the worst possible times for the postal service.  “The attack seems to have …