Simplify, which handles 250,000 conveyancing instructions a year, suffered a major IT systems outage5 May 2023 11:32
Not related to Capita but could be seen as an indication that if Capita was to find itself in the same scenario, this could be the likely outcome in regards to costs and fines involved for dealing with their own cyberattack dara leak incident .
4th May 2023
[Cyber-attack cost conveyancing giant ยฃ7m - but the insurers paid up]
A cyber-attack on conveyancing giant Simplify cost the group nearly ยฃ7m, newly published accounts reveal, but the company's insurers compensated the firm for lost business.
Simplify, which handles 250,000 conveyancing instructions a year, suffered a major IT systems outage due to a โsecurity incidentโ in November 2021. It later emerged that an unauthorised third party temporarily gained access to systems relating to certain internal Simplify files. Some of those files contained personal data.
Read the full article for free with no sign ups required. Click below. Very interesting read.
https://www.lawgazette.co.uk/news/cyber-attack-cost-conveyancing-giant-7m-but-the-insurers-paid-up/5115931.article