Exclusive: UK fraud is big business at £52bn each year, says financial crime guru September 15, 2021 Financial crime, fraud and hacking soared during the pandemic as criminals took advantage of behavioural changes during three strict lockdowns. In fact, fraud and cybercrime jumped by nearly a third in the last twelve months. Time for City A.M. to catch up with financial crime guru Richard Wood, a former Morgan Stanley fraud manager who [...]
Data breach: Names and home addresses of 111,000 UK gun owners dumped online September 2, 2021 Authorities are investigating after a map claiming to show the addresses of thousands of firearms owners in the UK was published online. Gun-selling site Guntrader confirmed a data breach affecting more than 100,000 customers, and now it appears that the names and home addresses of 111,000 British firearm owners have been dumped online as a [...]
Watch: US tells tech CEOs, finance sector and infrastructure firms to step up cybersecurity efforts August 26, 2021 The White House asked Big Tech, the finance industry and key infrastructure companies to do more to tackle the growing cybersecurity threat to the U.S. economy. President Joe Biden and members of his cabinet hosted a meeting last night UK time. Watch the full report.
Financial crime and fraud go through the roof during pandemic August 19, 2021 Lockdowns and restrictions in movement in England and Wales saw a surge in online shopping which led to “substantial increases” in computer crimes, according to the Office for National Statistics (ONS). As a result, financial crime, fraud and hacking soared during the pandemic as criminals “took advantage of behavioural changes”, according to new figures. Figures [...]
Criminals troll dating websites to scam would-be lovers with bogus offers August 19, 2021 Cyber criminals offering bogus investment opportunities on dating platforms this year has led to losses of more than £15m, according to new data shared with City A.M. this evening. While the vast majority of investments offered are in cryptocurrency, victims have also handed over money believing they are investing in other commodities, including stocks and [...]
Hacker in possession of $80m+ after crypto exchange attack August 19, 2021 Liquid, a crypto exchange based in Japan, confirmed that it has been the victim of an attack with a hacker now in possession of $80m+. The hack targeted funds stored in the exchange’s “warm wallets,” a term used to describe wallets which are made vulnerable to hacks because they are connected to the internet. In [...]
Millions of T-Mobile customers have data leaked in hack August 18, 2021 T-Mobile has confirmed that millions of customers have had their data stolen during a hack. Data from 7.8m postpaid, 850,000 prepaid and records from 40m former and prospective customers were breached. Two days ago reports emerged that a hacker was selling 30 million ‘fullz,’ a term which describes complete identity data, on the dark web [...]
Poly Network offers hacker behind biggest ever DeFi attack $500k reward August 13, 2021 Poly Network has offered a reward of $500k to a hacker who returned funds stolen in a $600m (£460m) attack earlier this week. In messages encoded in transactions on the blockchain, Poly Network thanked the hacker for returning the majority of the funds and offered them a bug bounty for identifying a flaw in the [...]
Apple child protection features spark concern among its own staff August 13, 2021 Apple employees have spoken out internally about privacy concerns over the firm’s move to scan US customer phones and computers for child sex abuse images as protests over the new feature intensify, it is reported. More than 800 messages were shared between Apple staff across several days on an internal Slack channel, sources told Reuters, [...]
Hacker behind $600m DeFi attack returns funds August 11, 2021 A hacker has returned assets to the Poly Network after they stole $611m of users’ funds in the biggest DeFi attack to date. The hacker today returned $256m of stolen funds after details about their identity were found by the blockchain analytics firm SlowMist Technology. In a statement, SlowMist said they had “discovered the attacker’s [...]