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UK Seeks Ransom Ban After 158-Year-Old Transport Firm Collapses

UK officials are pushing legislation to outlaw ransom payments by public bodies in a bid to strengthen national cyber resilience.

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One weak password ended a legacy. Can your company survive a cyberattack? KNP’s story is a wake-up call.

Overview

  • KNP Logistics remains shuttered with its data irretrievably lost after the Akira ransomware gang exploited a single weak password to demand an unpayable ransom.
  • The National Crime Agency reports ransomware incidents against UK businesses have nearly doubled to 35–40 per week, stoking broader economic and security concerns.
  • The National Cyber Security Centre continues round-the-clock defenses but concedes it is outnumbered by increasingly accessible hacking toolkits and social engineering tactics.
  • Government plans include banning public-sector ransom payments and may require private companies to report breaches and seek approval before paying.
  • High-profile attacks on Marks & Spencer, Co-op and Harrods demonstrate that British retailers remain vulnerable despite standard security measures.