Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by City AM reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]
A third of UK fintechs put customers data at risk of cyber attack May 29, 2025 UK fintechs are putting thousands of customers in jeopardy by leaving themselves vulnerable to a cyber attack, shocking new research reveals. Nearly 800 firms’ digital presence was analysed by the ethical hacking platform Ethiack as it scrutinised their cybersecurity. Four in ten fintechs were found to be giving hackers a “powerful headstart” by revealing software [...]
Fintech hiring to boom after cyber attack carnage May 27, 2025 UK fintech is set for another shot of momentum after a series of cyber attacks on top retailers exposed a need for greater security expansion. Hiring in the industry is projected to increase 32 per cent in 2025 as risk and compliance becomes crucial amid surges in financial crime. Marks and Spencer suffered a near-£700m [...]
Shareholders eye more details on M&S cyber attack impact May 18, 2025 Investors will be hoping that Marks & Spencer can shed light next week on the impact of a damaging cyber attack which has halted all online orders at the retail giant. The company will unveil its financial performance for the past year in an update to the stock market on Wednesday, May 21. However, attention [...]
M&S to make £100m cyber claim from Allianz and Beazley May 14, 2025 Marks and Spencer is preparing to claim as much as £100m from its cyber insurance policy, following a major cyber attack that disrupted operations and led to the theft of some customer data. The UK retailer admitted for the first time on Tuesday that personal information, including customer contact details, dates of birth, and online [...]
M&S, Co-op and Harrods attacks drive demand for cyber insurance May 12, 2025 Experts say recent cyber attacks on retail giants M&S, Co-op, and Harrods will prompt insurers to ask more questions about the security controls retailers have in place
Fraud: Every UK business will be impacted say experts May 12, 2025 Businesses are facing an all time high level of fraud, as criminals become even more slick, the biggest challenge is to understand what to look out for
Profit surge sparks hiring boom in London’s insurance sector October 2, 2024 Lloyd's of London recently reported a sharp rise in profits, driving a surge in recruitment across the capital's insurance sector.
Global tech outage: First real test for cyber insurance market July 24, 2024 The world suffered from a technical crash on Friday which left airlines grounded and affected business, but who will cough up for the interruption?