158-Year Old Business Shuts Down Due To One Password Mistake: 700 Employees Jobless


Rohit Kulkarni

Rohit Kulkarni

Jul 27, 2025


A 158-year-old UK transport company, KNP Logistics, was forced to shut down after falling victim to a devastating cyberattack by the hacker gang known as Akira. The Northamptonshire-based firm, operating 500 lorries under the brand “Knights of Old,” had its internal systems crippled after hackers reportedly guessed an employee’s password and gained unauthorized access. Once inside, the attackers encrypted all company data, effectively locking out staff and halting operations. Despite KNP’s IT systems being compliant with industry standards, the breach proved fatal.

158-Year Old Business Shuts Down Due To One Password Mistake: 700 Employees Jobless

Ransomware Crisis: UK Businesses Crippled as Cyberattacks Surge

Following the breach, the hackers left a ransom note stating the company’s internal infrastructure was “fully or partially dead” and urged a “constructive dialogue” rather than emotional responses. While the exact ransom demand wasn’t disclosed, cybersecurity experts estimate it to be around £5 million. Unable to meet the demand, KNP suffered complete data loss, ultimately leading to the closure of the business and the loss of 700 jobs.

This incident highlights a growing trend in cyberattacks targeting major companies. In recent months, well-known British retailers like Marks & Spencer (M&S), Co-op, and Harrods have also been affected. In May, M&S experienced a cyberattack that significantly disrupted its online services, causing estimated losses of £300 million ($404 million). The attack compromised customer data and forced M&S to pause online shopping operations across its Fashion, Home, and Beauty divisions. While physical stores remained operational, the retailer warned that online disruptions could continue into July.

Rising Cyber Threats Expose Gaps in Enterprise Security

These attacks emphasize the increasing vulnerability of even long-established and digitally compliant businesses to cybercrime. With ransomware groups demanding multimillion-pound payments and targeting both logistics and retail giants, cybersecurity is now a critical area of focus for enterprises across the UK.

Summary:

A cyberattack by hacker group Akira forced 158-year-old UK firm KNP Logistics to shut down, leaving 700 jobless. Hackers encrypted its systems and demanded a £5 million ransom. This highlights rising cyber threats, with major firms like M&S also hit, exposing vulnerabilities even in digitally compliant businesses across the UK.


Rohit Kulkarni
Rohit Kulkarni
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