Travelex Forced into Administration After Ransomware Attack

After all these years of reporting on breaches, it’s still unusual to read that a company has folded as a result of a data breach, but we live in different times because of the added burden of the pandemic.

Phil Muncaster reports:

Ransomware victim Travelex has been forced into administration, with over 1000 jobs set to go.


“The impact of a cyber-attack in December 2019 and the ongoing COVID-19 pandemic this year has acutely impacted the business,” admitted PwC in a notice announcing the news.

The Sodinokibi (REvil) variant is believed to have struck the firm on New Year’s Eve last year, forcing its website offline and impacting its bricks-and-mortar stores and banking services.

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