Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Royal Mail ransomware attackers threaten to publish stolen data

by January 13, 2023
January 13, 2023
Royal Mail ransomware attackers threaten to publish stolen data

Royal Mail has been hit by a ransomware attack by a criminal group, which has threatened to publish the stolen information online.

The postal service has received a ransom note purporting to be from LockBit, a hacker group widely thought to have close links to Russia.

Royal Mail revealed that it had been hit by a “cyber incident” on Wednesday, and said it was unable to send parcels or letters abroad. The company asked customers to refrain from submitting new items for international delivery, although domestic services and imports were unaffected.

Ransomware attackers exploit gaps in organisations’ security to install their own software and encrypt files so they are unusable. They then ask for a ransom, often in cryptocurrency, which can be harder to trace because it is not reliant on the banking system.

Printers at a Royal Mail distribution site near Belfast in Northern Ireland started printing ransom notes, according to the Telegraph. The note said: “Lockbit Black Ransomware. Your data are stolen and encrypted.”

Online security researchers posted photographs purporting to show the ransom note on social media.

Royal Mail has reported the incident to the UK’s government-run National Cyber Security Centre, the National Crime Agency and the Information Commissioner’s Office. It has not publicly revealed any details regarding the nature of the incident.

Organisations that have been hit by ransomware range from the National Health Service to businesses of almost every size. The Guardian was hit by a ransomware attack last month.

Andrew Brandt, a principal researcher at Sophos, a cyber security company, said the Lockbit ransomware software is thought to have been developed by criminals mainly from Russia and other former Soviet republics. It gives criminal affiliates access to the software in exchange for a cut of any ransoms.

Ransom demands against organisations listed on a publicly available website ranged from around $200,000 (£165,000) to almost $1.5m, Brandt said.

“Something Royal Mail is going to have to consider is whether or not they are going to pay a ransom,” Brandt said. “I’m a bit of a purist and [say] they should never pay these people anything.”

However, it can be a “delicate balance” for organisations depending on the severity of the attack and what data has been taken, he said.

Royal Mail has not indicated when it expects to be able to resume international deliveries. The company has already been heavily affected by workers’ recent strike action, and a new ballot is planned this month to approve further industrial action in the dispute over pay and changes to working conditions.

Smaller exporting companies are thought to be the most affected by the delays. Tina McKenzie, policy chair of the Federation of Small Businesses, said companies had already been through “a tumultuous Christmas period after postal strikes, and this latest cyber incident is the last thing they need”.

It is “an already challenging time” for smaller exporters, she said. “In the context of global supply chain disruption, rising shipping costs and more paperwork, this creates a very worrying picture.”

Read more:
Royal Mail ransomware attackers threaten to publish stolen data

0
FacebookTwitterGoogle +Pinterest
previous post
Liberty Steel plans to cut 440 jobs in UK and reduce production
next post
UK economy grows 0.1% in November

You may also like

Coutts Shifts £2 Billion from UK Stocks to...

May 3, 2024

Banks set to reign in lending as economic...

October 14, 2022

Tax Policies: the good, the bad and the...

June 26, 2024

‘Really difficult winter’ could see supermarket shelves bare...

September 6, 2022

Afro Hair Transplant in Turkey: A Popular New...

May 20, 2025

Meet the Company Disrupting the UK Wood Fuel...

April 26, 2023

UK chemicals industry ‘heading for extinction’ warns Jim...

January 13, 2025

UK firms well below EU average for tax...

November 28, 2022

Building from Scratch: How Reco Jefferson Turned Curiosity...

May 7, 2025

Getting to Know You: Dr. Jatin Patel, Physician...

January 18, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • Jaguar Land Rover threatens legal action over National Rail’s use of ‘rover’ and ‘ranger’ ticket names

      August 16, 2025
    • 2025’s Top 6 AI Answering Services (and Why AI Support is Essential)

      August 16, 2025
    • Democrats doubt Trump will secure Ukraine cease-fire in Alaska summit with Putin

      August 16, 2025
    • ‘Absolutely incredible’: B-2 bomber, F-35 escort set stage for Trump-Putin talks in Alaska

      August 16, 2025
    • Rutherford v. United States Brief: Defending the First Step Act

      August 15, 2025
    • Hawley opens probe into Meta after reports of AI romantic exchanges with minors

      August 15, 2025

    Categories

    • Business (8,798)
    • Investing (2,217)
    • Politics (16,394)
    • Stocks (3,228)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved