Ransomware victim Travelex has been forced into administration, with over 1000 jobs set to go.
PwC announced late last week that it had been appointed join administrators of the currency exchange business.
Despite operating over 1000 ATMs and 1000+ stores globally, and providing services for banks, supermarkets and travel agencies in over 60 countries, the firm was forced to cut over 1300 jobs as part of the restructuring.
“The impact of a cyber-attack in December 2019 and the...
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