At the start of 2023, the UK postal service Royal Mail was hit with an ultimatum: pay $80m (£67m) or continue to have international shipments blocked. The demand came from Russian-linked hackers the LockBit group, who had infiltrated Royal Mail’s software. Royal Mail refused to pay and eventually reinstated its …
Read More »‘Elon Musk of Essex’ company chased by suppliers as it lays off staff
The winding up petition was issued by Hadleigh Castings, an Ipswich aluminium foundry, earlier this month. It sought £84,011.76 for five unpaid invoices as well as interest and compensation. Filings said: “Despite numerous requests by the Petitioner, the company has failed to settle the above invoices or provide any reason …
Read More »Nine-fingered Russian hacker Mikhail Matveev accused of Royal Mail attack hit with $10m bounty
A Russian master hacker who claims to have cut off his own finger after losing a bet has been slapped with a $10m (£8m) bounty by US officials. Mikhail Matveev, 30, of Kaliningrad, was accused on Tuesday of being one of the leading members of the Hive, LockBit and Babuk …
Read More »What The Board Needs To Know
What to Think About: WSJ Pro reported that following a February 2022 cyber attack, global logistics business Expeditors International of Washington Inc. shut down much of its network to prevent further damage. The three-week outage resulted in serious operational disruption and led to many customers’ goods not being shipped. One …
Read More »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 …
Read More »Take your start-up to the next level with software solutions from Rocketmakers
In October, Bath-based software agency, Rocketmakers, celebrated 15 years since its launch and Business Live has taken a closer look at why the company has been such a success. Founded in 2007, Rocketmakers designs, develops, and delivers innovative software for ambitious companies by using deep software development expertise. The company …
Read More »Delivering on objectives: Insights at Marketreach | Feature
Marketreach is the direct mail research arm of Royal Mail. Liam Kay investigates how it is using insight for the benefit of the mail industry. How do you feel when an envelope drops through your letterbox? Joy? Fear? Frustration? Annoyance? Excitement? Is it a case of reaching for the bin …
Read More »Royal Mail rolls out first fully-automated parcel sorting machine in Wales
Royal Mail has rolled out its first fully-automated parcel sorting machine (PSM) in Wales. The new machinery has been installed at the postal service’s Cardiff Mail Centre. The installation is part of Royal Mail’s multi-million pound investment programme to replace significant manual sorting processes to help the company meet the …
Read More »Martin Lewis says first and second class stamps will become ‘unusable’ next year
Money saving expert Martin Lewis has warned people in the UK over first and second class stamps they might have in the house. In a big shake-up to the country’s postal system, the traditional paper stamp we all know and love is being replaced by a more secure, digital version …
Read More »The tech trends to watch in 2022
As the pandemic continued to turn the norm upside down in 2021, the world became even more dependent on technology. Consumers now don’t think twice about relying on apps to deliver groceries, invest chunks of money or prove their Covid status for travel and even work. The year spawned previously …
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