CIO News Hubb
Advertisement
  • Home
  • News
  • Operations CIO
  • Visionary CIO
  • IT Management
  • Information Security
  • Contact
No Result
View All Result
  • Home
  • News
  • Operations CIO
  • Visionary CIO
  • IT Management
  • Information Security
  • Contact
No Result
View All Result
CIO News Hubb
No Result
View All Result
Home Visionary CIO

Discount retailer The Works hit by cyber attack

admin by admin
April 5, 2022
in Visionary CIO
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter


Discount retailer The Works has been forced to shutter five of its 500-plus stores amid a still-unfolding cyber attack that has disrupted point-of-sale (PoS) systems and other elements of its trading and business operations.

The Works, which specialises in art and craft supplies, stationery, books and toys, confirmed on 5 April that it had been subject to a cyber security incident in which an unknown actor gained unauthorised access to its systems.

A spokesperson said: “There has been some limited disruption to trading and business operations, including the closure of some stores due to till issues. Replenishment deliveries to the group’s stores were suspended temporarily and the normal delivery window for the fulfilment of online orders was extended, but store deliveries are expected to resume imminently and the normal online service levels are progressively being reintroduced.

“Customers can continue to shop safely at The Works, both in store and online. All debit and credit card payment data is processed securely outside the group’s systems, via accredited third-party networks and, therefore, there is no risk that this payment data has been accessed improperly.”

The Works said it was first alerted to the incident through its existing cyber security systems last week. As a precaution, it disabled all internal and external access to its systems and engaged forensic investigators to look into the incident.

It said that while it was certain payment data was safe, it had not yet established whether any other data assets have been affected, and as a result it has notified the incident to the Information Commissioner’s Office (ICO).

Although the attack bears the hallmarks of a ransomware heist, and is already being described in some quarters as a ransomware incident, it is important to note that no evidence has yet been made public to make a confident assessment that this is the case.

Indeed, Computer Weekly understands The Works has received no communication from its attackers, or ransom demand.

Trevor Dearing, Illumio director of critical infrastructure solutions, praised The Works for responding proactively and appropriately to the incident, although, he added, clearly the damage has already been done.

“The news of another cyber attack is unsurprising,” he said. “However, what might seem interesting in this case is the choice by cyber criminals to target The Works – a cut-price seller of books, crafts and toys – as opposed to the more ‘obvious’ target of banks and other high-profile organisations.

“Inconspicuous organisations like The Works will likely have smaller budgets dedicated to security when compared to larger organisations, and threat actors recognise that this allows them to breach systems more easily in their quest to acquire customer data and cause disruption, such as the store closures, the delayed resupply of stock, and online order delivery issues.”

Last week, a UK government report revealed that about one in three UK businesses experience a cyber attack on a weekly basis, with the vast majority starting with a simple phishing email. The average cost of an attack, spread out across all organisations, is set at £4,200, or £19,400 if only medium and large businesses are considered, although there is probably a vast amount of under-reporting, so the true figures are certainly higher.



Source link

Previous Post

An Overview of the ITIL Service Lifecycle Modules

Next Post

Triple-threat Borat malware no joke for victims

Related Posts

Visionary CIO

New inquiry looks at the state of UK chips

by admin
May 25, 2022
Visionary CIO

Building a pathway to commercial quantum computing

by admin
May 25, 2022
Visionary CIO

KAC: Creating smarter airports that safeguard passenger journeys

by admin
May 25, 2022
Visionary CIO

MIT Sloan panelists urge cyber resilience focus

by admin
May 24, 2022
Visionary CIO

ICO orders facial recognition firm Clearview AI to delete all data about UK residents

by admin
May 24, 2022
Next Post

Triple-threat Borat malware no joke for victims

Leave Comment

Recommended

New inquiry looks at the state of UK chips

May 25, 2022

Building a pathway to commercial quantum computing

May 25, 2022

KAC: Creating smarter airports that safeguard passenger journeys

May 25, 2022

Intro to ITOM & How it Impacts Cost Optimization

May 25, 2022

The Best of SWL 2022 (SupportWorld Live)

May 25, 2022

Conti Ransomware Operation Shut Down After Splitting into Smaller Groups

May 25, 2022

© 2022 CIO News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy.

Navigate Site

  • Home
  • News
  • Operations CIO
  • Visionary CIO
  • IT Management
  • Information Security
  • Contact

Newsletter Sign Up

No Result
View All Result
  • Home
  • News
  • Operations CIO
  • Visionary CIO
  • IT Management
  • Information Security
  • Contact

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.