This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties.  Members and Law enforcement use only. Contact us for any permissions.  To do otherwise will result in the loss of membership.

Complete Story
 

05/12/2025

Unending ransomware attacks are a symptom, not the sickness

The Register

Opinion It's been a devastating few weeks for UK retail giants. Marks and Spencer, the Co-Op, and now uber-posh Harrods have had massive disruptions due to ransomware attacks taking systems down for prolonged periods.

If the goods these people sold were one-tenth as shoddy as their corporate cybersecurity, they'd have been out of business years ago. It's a wake-up call, says the UK's National Center for Stating the Obvious. And what will happen? The industry will just press the snooze button again, as we hear reports that other retailers are "patching like crazy."

The bare fact that entire sectors remain exquisitely vulnerable to what is, by now, a very familiar form of attack is a diagnostic of systematic failure in the way such sectors are run. There are few details of what exactly happened, but it's not the details that matter, it's the fact that so little was made public.

More Info

Printer-Friendly Version


Resources

Alerts

The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information
Resources

Resources

Your electronic library to help in fighting financial fraud for all of our partners.

more information