A ransomware attack by the Akira group forced 160-year-old logistics firm Knights of Old into administration, resulting in 730 job losses after critical financial data was corrupted. Despite having security measures in place, the breach crippled operations and highlighted the vulnerability of digital supply chains. Experts urge businesses—especially smaller ones—to enforce multi-factor authentication, maintain off-site backups, and reassess security postures to avoid similar fates.

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