High street business announces 1,300 UK jobs losses following cyber breach
A cyber-attack has "acutely" hit the firm Travelex.
It has been reported that the company was held to ransom by hackers in January this year, forcing the company to shut down its systems. It is understood that a cyber gang accessed reams of sensitive customer data and demanded a ransom of $6m (£4.6m).
At the height of the disruption, cashiers resorted to using pen and paper to keep money moving at bureaux de change outlets in airports and on the high streets.
The attack, coupled with the COVID-19 crisis, has led to over 1,300 job losses for the company, which has recently outlined plans for a rescue deal.
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