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Tag Archives: business

Royal Mail turned down £66m ransom demand from Lockbit hackers

Ransomware is malicious computer software that encrypts, or scrambles, files on victims’ computers. The criminals behind the software then demand a ransom in hard-to-trace cryptocurrency as the price for decrypting the files. A Royal Mail spokesman said: “As there is an ongoing investigation, law enforcement has advised that it would …

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Amazon workers to stage week-long strike over pay

Amazon warehouse workers are to stage a week-long strike over pay, the longest run of industrial action by the company’s staff in the UK to date.  Staff at Amazon’s Coventry warehouse are planning to walk out for five consecutive days next month between March 13 and 17, as well as …

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Royal Mail strike called off after union slip-up

Union leaders have been forced to call off a two-day postal strike following a legal challenge by Royal Mail bosses. The Communication Workers Union (CWU) blamed laws that are “heavily weighted against working people” for scrapping planned walkouts on Feb 16 and Feb 17. The union will now not be …

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City of London traders hit by Russia-linked cyber attack

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 …

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