How One Weak Password Brought Down a 158-Year-Old Company

Cyber attacks are no longer rare, and they’re no longer limited to large corporations or tech firms. A recent real-world example highlights just how serious the risk has become. A 158-year-old UK company was forced to close its doors after suffering a cyber attack, all because of a single weak password.

According to reports from BBC News, cybercriminals purchased stolen login credentials from the dark web and used them to gain unauthorised access to the company’s systems. Once inside, the attackers were able to cause widespread disruption. Core operations were affected, sensitive systems were compromised, and the organisation faced legal and financial consequences it simply couldn’t recover from. After more than a century in business, the damage was irreversible.

It Can Happen to Anyone

This incident is a powerful reminder that cybersecurity isn’t just an IT issue, it’s a business survival issue. Many organisations assume they’re too small, too old, or too niche to be targeted. In reality, attackers often look for the easiest entry point, not the biggest name.

And more often than not, that entry point is something basic: a weak or reused password.

Why the Basics Matter

Strong cybersecurity doesn’t always start with complex systems or expensive tools. It starts with getting the fundamentals right.

At CapNet, we help schools and businesses reduce risk through practical, proven security measures:

• Strong password policies
  We help enforce rules that require complex, unique passwords that are regularly updated across all devices and platforms.

• Multi-Factor Authentication (MFA)
  Even if a password is stolen, MFA adds an extra layer of protection that makes unauthorised access far more difficult.

• Staff training and awareness
  Technology alone isn’t enough. We educate teams to recognise phishing emails, suspicious links, and common attack tactics.

• Ongoing monitoring and fast response
  Proactive monitoring allows threats to be identified early, with rapid response if something doesn’t look right.

Don’t Wait for a Wake-Up Call

The collapse of such a long-established company is tragic, and largely avoidable. With the right protections in place, this type of attack doesn’t have to end in disaster.

Cybersecurity is about preparation, not panic. Taking action now could be the difference between a minor incident and becoming the next cautionary headline.

If you’re ready to strengthen your cybersecurity and protect your business for the long term, get in touch with CapNet today.