Goldman-linked EY breach highlights new era of undetectable data theft Tech Sensitive corporate data can be stolen through everyday workplace software without setting off traditional cyber defences, Darktrace has warned, after a breach at the Big Four giant exposed information linked to Goldman Sachs and Man Group. Nathaniel Jones, senior vice president of global threat intelligence at Darktrace, told City AM attackers were increasingly able to [...]
Cyber insurers consider limiting coverage as sector scrambles to price agentic AI risks Insurance The cyber insurance market is facing a turbulent time as agentic AI hacks pose new challenges and threats. City AM understands underwriters and insurers are considering limiting coverage until they can quantify the risk this tech poses and price it. Cyber insurance has been a fruitful market over the past few years, with a spike [...]
OpenAI’s rogue AI acted ‘like uni students after too many beers’ Tech The rogue AI agents behind OpenAI’s unprecedented Hugging Face cyber attack behaved like “university students who’ve had too many beers”, a cyber expert told City AM, saying the breach was more a triumph of persistence than intelligence. Charl van der Walt, global head of security research at Orange Cyberdefense, said that despite the alarm triggered [...]
Revolut hackers stole nearly 700 customers’ private data September 15, 2026 The group of hackers behind a major breach of Revolut managed to steal nearly 700 customers’ private data, City AM understands. Revolut has contacted the 680 people affected by what it described as a “sophisticated” impersonation scam, according to a source close to the bank. The compromised data included customers’ identity documents, postal and email [...]
Brits fear AI is slipping out of human control after ‘rogue’ systems escape tests August 12, 2026 More than eight in 10 Brits are worried that AI could act outside the limits set by humans, according to the latest City AM/Freshwater Strategy poll, after a string of high-profile incidents in which advanced AI systems behaved in unexpected – and alarming – ways during safety testing. The polling found that 85 per cent [...]