
It began with a single screen freezing – and ended with our £100m-a-year firm going bust. What it really feels like to be targeted by Russian hackers
But just a few hours later our entire IT system was down with not a single member of our 800-strong team able to log in to any of our software.

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Reuters
4 hours ago
- Reuters
Software stocks in Europe fall on concerns over AI pitfalls
MILAN, Aug 12 (Reuters) - Software stocks in Europe fell sharply on Tuesday, with heavyweight SAP ( opens new tab sliding more than 6% amid concerns over the risks that artificial intelligence could pose to this part of the technology sector. SAP was briefly set for its biggest one-day drop since October 2020 and was last down 5.5%. Meanwhile, Dassault Systemes ( opens new tab, Sage (SGE.L), opens new tab and Nemetschek ( opens new tab fell between 4% and 10%, making tech (.SX8P), opens new tab the worst-performing sector in Europe. One trader said the selloff mirrored declines among U.S. peers such as Adobe (ADBE.O), opens new tab, Salesforce (CRM.N), opens new tab, Intuit (INTU.O), opens new tab and Workday (WDAY.O), opens new tab on Monday, following a MarketWatch article, opens new tab that looked into the potential impact of AI on software companies, in particular. On Monday, Melius Research downgraded Adobe to sell.

Finextra
6 hours ago
- Finextra
Thredd adopts Mastercard WholesaleProgram codes for global travel payments
Thredd, a leading next-generation global issuer processor, today announced it has become the first to offer its travel agency customers real time payment control through new flexible product codes made possible through the Mastercard Wholesale Program (MWP). 0 This new capability enables Thredd's customers to better respond to supplier needs based on geography, product type and volume, while optimizing business-to-business travel payments through greater visibility, adaptability, and control. The MWP was designed to better support the global nature of the travel industry, offering greater security and predictability of cross-border payments between travel buyers and suppliers. Based on industry feedback, the Program has now evolved to provide real-time payment control, allowing issuers to seamlessly transition between product codes on a real-time basis. These product codes allow travel organizations to adapt virtual card technology in real time, based on supplier or product need. Thredd is the first Issuer-Processor to offer this enhanced feature to its customers. 'Mastercard is committed to curating and scaling payment technologies that meets the specific needs of the travel sector,' said Chiara Quaia, senior vice president, travel at Mastercard. 'We're thrilled to see Thredd launch the flexible product codes now available through the Mastercard Wholesale Program, a solution we will continue to enhance and evolve based on industry feedback to accelerate virtual card innovation and better support the needs of our travel partners.' 'In the travel space, speed and cost-efficiency are critical,' said Jim McCarthy, CEO, Thredd. 'With the enhanced flexible product code feature, enabled through the Mastercard Wholesale Program, OTAs and other travel clients can unlock more agile and scalable payment flows, while keeping operational overhead to a minimum. It's a strong example of what's possible when modern issuer-processors and global networks work together to solve industry-specific challenges.' Thredd aims to deliver cost optimization and improved speed in provisioning and settling payments with travel suppliers, to ultimately improve supplier relationships and offer more flexibility in how these groups scale across markets.


Reuters
20 hours ago
- Reuters
Trump meets with Intel CEO, along with Commerce, Treasury secretaries
Aug 11 (Reuters) - U.S. President Donald Trump said on Monday he met with Intel Corp (INTC.O), opens new tab CEO Lip-Bu Tan, along with Commerce Secretary Howard Lutnick and Treasury Secretary Scott Bessent. "The meeting was a very interesting one," Trump said on Truth Social, adding that his cabinet members and Tan are going to spend time together and bring suggestions to him during the next week.