A password error has triggered the closure of a 158-year-old UK company, resulting in 700 job losses. The mistake occurred when a key account's credentials were unintentionally compromised, leading to a system breach. Experts warn that cybersecurity measures must be fortified to prevent such incidents. "Companies must prioritize secure access controls," stated cybersecurity consultant Anna Jones. This incident underscores the critical importance of robust password management in safeguarding businesses.