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Weak password allowed hackers to sink a 158-year-old company
(www.bbc.co.uk)
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Things that don't fit
Backups and the 3-2-1 strategy have been industry standard for decades. What a load of crap.
Plot twist: they operated by the 3-2-1 strategy but never tested if their backups could also be recovered.
And none of the backups were immutable.
Welp, the insurance apparently didn't do much to save them, either.