This company was 158 years old and 700 employees. A weak password and click were enough to take it to bankruptcy

Imagine that you are working in a logistics company, of those that are responsible for managing the entire process so that a product arrives from one point to another, such as those that Amazon’s orders bring to us when we make a purchase, and that from one moment to another all the necessary systems to make the business stop working Due to a cyber attack. What would happen? If the systems do not return to normal, it would probably be a matter of time for the company to pay the consequences. Of course, such a scenario should be avoided with cybersecurity measures, protocols, backups and others. But, let’s be sincere, not everyone is prepared as they should face security threats, even when they have the ability to severely damage or destroy your business. This is what has apparently happened to a British business group called KNPwhich operated 500 trucks under several companies, including a call Knights of Old. When cybersecurity fails, the business can sink The KNP CEO, Paul Abbott, He said in an interview with the BBC That it is believed that a group of cybercriminals managed to infiltrate the systems by guessing the password of one of its employees. What the group of malicious actors did, apparently called Akira, was Straw the data With a ransomware. “If you are reading this, it means that your company’s internal infrastructure is totally or partially dead …”, he said part of the rescue note that, curiously, did not include a specific rescue figure. While the latter may seem unusual, it is also somewhat understandable. Some groups of cybercriminals They have even their own support mechanismswhere they can talk and negotiate with their victims. Recall that the final objective is usually to earn money, so we would rarely see a rescue figure high enough so that the attacked does not meet, but strong enough for the movement to mean some gain. It did not transcend how much money the cybercriminals requested, but it is known that, according to the company, They did not have the money To make the rescue payment. The aforementioned British media collects the analysis of specialists that points to 5 million pounds (about 5.7 million euros). The amount of money, they point out, was unassumable for the company. It is not clear if from the firm they continued to negotiate with the group, but explain that by the end of 2023 the data “were lost” and the company soon declared themselves in bankruptcy. Most employees were dismissed (about 730) and only 170, from one of the companies, called Nelson Distribution, based in Derby, retained their job, but this company was sold. This was the sad outcome for a firm with more than 150 years old. It is likely that after reading this, many questions will come to mind, for example, about the preventive and mitigation measures of which we talked to the beginning. According to those responsible, KNP complied with industry standards and had insurance against cyber attacks. Apparently none of this was enough. Nor do we know if the company already dragged some kind of previous problem and the cyber attack what it did was complicate everything. It is not a unique case. QUALYSEC warns that 60% of small businesses that suffer a cyber attack end up closing in the following six months for not having sufficient resources to recover. A report from Verizon in 2020 already underlined That same figure, highlighting the financial damage, the loss of reputation, the distrust of the clients and the operating chaos that leaves an attack. Images | Man Truck & Bus UK | Freepik In Xataka | Spain gave Huawei the storage of judicial telephone listeners. Now the United States and the EU have questions

Murtra’s first results are solid, but his story is still weak

Telefónica has published The results of a first quarter That, on paper, I should satisfy the market: They rise income (+1.3% organic). They improve margins in their large markets: Spain, Brazil and Germany. Reduce debt. And reduces capex. But the net benefit of continued operations falls 26% and the free cash flow is negative. The result: a company that advances, but does not take off. Yes, but. The accounting collapse defines it almost entirely Argentina’s departure and The flight of Peru: 1,731 million euros less. It was something anticipated. However, it is not just an accounting issue: Telefónica grows less than cuts. And that weighs. The margin improves due to divestments, but not for a better exploitation of its assets. Of course, an important fact: Telefónica is winning more for each euro that invests, with a 0.4% growth in its operational profitability. Between the lines. It is a latent paradox: Telefónica is worth less despite being more efficient than before. Win less, but manages better. Its fundamentals improve, but not their story. Neither does your quote, which has returned to maximum of the last three years But it still does not reach vertical takeoff. The market seeks in a great telecus more than simple execution: wants vision, impulse, growth. Marking Agenda. Telefónica Tech, the Division of Technological Developments to which the company is entrusted to be perceived as a technological And not as a simple teleco, it has grown again above the group (+6.6%) and its annualized billing already equals a median Ibex: 2.1 billion euros. But Telefónica still does not break down its profitability or presenting it as an autonomous unit. So it is still relatively invisible. It is a promising active locked in an opaque showcase. It is its most aligned division with the future, but the least visible for analysts. There is a better showcase, or at least one clearer, for Telefónica Tech. Without an autonomous story or separate accounts, the market can hardly put a price. In detail. In Spain, Telefónica has managed to consolidate what seemed unlikely: grow. Thus the good inertia continues Achieved by Emilio Gayo, promoted to CEO. Income and margin have risen around 2%, The terminals take off with almost 18% more, and the Churn –cancellation rate– It remains stable at 0.9% despite Price increases. On the other hand, The agreement with Vodafone for FiberPass deployment It adds 3.65 million potential homes. The convergent ARPU (the average customer income of combined packages) rises to 92.3 euros, the largest in the group. That is the Premium user, the one who pays the most, and the one that costs the most. No other region where he has a telephone presence approaches an ARPU like this. Spain is no longer a ramora but an engine, the business breathes again at home. The ARPU is, in any case, a company’s commercial health thermometer. And of its ability to revalue from within. The big question. Why do you not revalue, if you run well? Possibly because execution without illusion is not enough. Because perceived growth matters as much as the real. And because without narrative, the numbers do not shine. And that’s what it is about: to shine. In Xataka | The EU has spent years fiercely fighting monopolies. Teresa Ribera has other plans for telecos Outstanding image | Telefónica

Your electric grid has several weak points

The Spanish Government and Electricity of Spain, the operator responsible for ensuring that the Spanish electrical system is efficient and safe, have not yet announced What has caused the total electric blackout that We have suffered in Spain and Portugal For many hours. We may never get to know with absolute certainty What has triggered this collapsebut what we know is how Spanish electrical infrastructure works and what are its weak points. To identify its vulnerabilities it is crucial that we know with some precision what the structure of the network is, the role of the strategic interconnection points (they are known as nodes of the network) and how electricity is transported from the facilities in which it is generated to the places where it is consumed. An interesting note before getting into flour: in 2024 23.2% of Electricity of the Spanish Energy Mix It had a wind origin; 20%, nuclear; 17%, photovoltaic solar; 13.6%, combined cycle; 13.3%, hydraulic; and the rest proceeded from the burning of coal or other renewable sources. The electricity grid has a complex structure with several critical points To understand how electrical energy is generated and how the infrastructure that is responsible for transporting it to our homes and companies works, we need to investigate the structure of the network. The first link in the chain, as we can intuit, are the centers for the generation of electricity. As we have just seen, the Spanish energy mix is ​​mainly held on wind farms, nuclear centralsphotovoltaic solar facilities, combined cycle plants and hydraulic plants. Once it has been generated in the production centers, electricity is distributed throughout the Spanish territory through A high voltage network which has 44,000 km of 220 kV and 400 kV lines. However, close to both the facilities in which electricity is generated and the places where it is consumed Electrical substations are found. These nodes of the network are responsible for transforming the voltage with the purpose that electricity can be transported with the minimal possible energy loss. This is the reason why the substations that are close to generation plants raise high voltage energy (from 200 to 400 kV). Electricity is distributed throughout the Spanish territory through a high voltage network that has 44,000 km of 220 kV and 400 kV lines Once electricity is close to the points where intermediate substations will be consumed are responsible for reducing the voltage to 132 kV. Red Eléctrica de España is responsible for the administration of high voltage infrastructure, while medium and low voltage networks (15 to 30 kV) are managed by Endesa, Naturgy, Iberdrola and other energy companies. We already have a quite accurate idea about how the electricity grid is carrying electricity to our homes, but we have overlooked very important nodes: the electrical control centers. These facilities are part of the infrastructure administered by Red Eléctrica de España. They are responsible for supervising in real time the operation of the entire network to identify anomalies and prevent possible malfunction. These nodes are precisely those that are in all likelihood have a leading role in the resolution of the total blackout that we have suffered just a few hours ago. However, we still need to investigate more links more than one infrastructure that, as we are checking, is complex. On the one hand, the Spanish electricity grid is connected to the electrical infrastructure of three countries: France, through four connections with a capacity of 2,800 MW; Portugal, with several links that add up to 3,300 MW; And finally, Morocco, through a single underwater cable of 700 MW. The cooperation of France and Morocco has been crucial when restarting the Spanish electrical infrastructure. To conclude, we cannot ignore the last link in the chain: the urban transformers that we can all see in our locations and neighborhoods. They are responsible for reducing the voltage to a level that can be used by the appliances and the devices we have at home (230 volts). These are the weak points of the Spanish Electric Red We already know with some precision what the structure of the electricity network is and what role each of its nodes has, so we can understand effortlessly what makes it vulnerable. One of its most obvious weak points is The regional imbalance which occurs between excess generation in southern Spain and the high demand of the center and the northern peninsular. The facilities of Andalusia and Extremadura produce a lot of electricity, but the greatest demand does not come from these autonomous communities; It resides in Madrid, Catalonia and other communities of the North Spanish. This imbalance submits the network to an effort that requires the implementation of reinforcements that are not always available. The average and low voltage network is touching saturation in many areas In addition, the average and low voltage network is touching saturation in many areas. This simply means that the demand for electricity at some points is greater than the service capacity that is available in those areas. This causes that there are currently several thousand generation megawatts that have been requested and They cannot be delivered Because the network has reached its maximum electricity transport capacity. If we also take into account that some parts of the transport network are old and have supported for many years a great effort it is reasonable to conclude that it is necessary to reinforce them and carry out effective maintenance. Whatever this is not all. Renewable sources have more and more weight In the energy mix, while fossil origin does not stop losing relevance. There is no doubt that it is good news on the way to An energy model free of pollutant emissions in which we have embarked, but poses a challenge: the control centers that we have spoken some lines above must be able to sustain the stability of frequency and tension. It is possible, in fact, that this is the origin of the collapse that we have lived a few hours … Read more

China has responded to US tariffs attacking one of its weak points: rare earths

As expected, the Chinese government has not been left with a crossed arms before The tariffs prepared by the USA. Just 24 hours after Donald Trump releases the taxes to be applied to The importation of most products Coming from abroad, the administration led by Xi Jinping has responded. And he has done it with forcefulness. On April 10 China will impose a 34% tariff to all imports from the US. The choice of that day is not casual. And is that the tariffs approved by the Donald Trump administration will take effect on April 9. Just a day before. Presumably the Chinese government has chosen to keep a few days of margin in the hope of reaching an agreement with its American counterpart and relax a little tension. China has decided to press the US more than ever with rare earths China’s response to the US does not only go through new tariffs; He has also chosen to suspend the import licenses of the products belonging to six US companies, as well as imposing more controls on the export of some rare earths. This is not at all the first time that the Xi Jinping government decides to pressure the US and its allies establishing limitations to the export of these raw materials. In fact, on December 21, 2023 the Chinese administration decided to restrict export of some of its rare earth processing technologies, shaping a maneuver that pursues defend their strategic interests in full confrontation with the US and its allies. And at the beginning of December 2024 He chose to prohibit The export of critical minerals to the US. On December 21, 2023, the Chinese administration decided to restrict the export of some of its rare earth processing technologies Among them are three essential chemical elements for the semiconductor industry (Gallium, Germanio and Antimony), as well as some materials that are characterized by their extreme hardness, and which, therefore, can be used for military applications. An important note before moving forward: Rare earths are a real treasure. To this peculiar group of chemical elements belong some metals as elusive and with names as suggestive as neodymium, promised, gadolinium, ititrium or scandio, among others. Some of them are relatively scarce, and, in addition, they are not usually found purely in nature, but what makes them so special are their physicochemical properties. Its characteristics are beyond the reach of the other elements of the periodic table, which has caused that during the last decades they are consolidated as A very valuable resource In numerous industries, especially in those of semiconductors, electronics and renewable energies. This is the reason why rare earths They are so important to the US. We still do not know what reach the new export controls of the rare earths that the Ministry of Commerce of China has just approved, but as soon as we have more information we will include it in this article. The cards are on the table. The US and China still have five days ahead to reach an agreement before their new taxes enter into force. We will see if they are really willing to relax the tension. Even if it’s just a bit. Image | Lio voo More information | CN Wire In Xataka | The US will not be able to contain the technological development of China. Experts from the chips industry forecast it

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