Nokia warns malware threats are rising rapidly as more Brits use mobile banking apps November 11, 2021 Banking malware threats are sharply increasing as cyber criminals target the rising popularity of mobile banking on smartphones, with plots aimed at stealing personal banking credentials and credit card information. Mobile giant Nokia said it based its warning on data that was aggregated from network traffic monitored on more than 200m devices globally and showed an 80 per cent, year-on-year increase in the first half of the year in the number [...]
Cyber security giant McAfee goes private in a $14bn deal November 8, 2021 The cyber security company McAfee goes private in a $14bn deal with a consortium led by U.S. private equity firm Advent International The deal comes as a pandemic-driven shift to remote working and a rise in cyber attacks have spurred demand for antivirus and digital security software. The company, founded by technology entrepreneur John McAfee [...]
Darktrace shares jump 10 per cent after broker says plunge driven by ‘fear not fact’ November 8, 2021 Shares in cybersecurity company Darktrace were up more than 10 per cent at midday on Monday after a fresh analyst note contradicted Peel Hunt’s “sell” analysis a fortnight ago and said the stock price plunge it provoked was driven by “fear not fact”. “Any share price capitulation is a result of fear not fact,” Berenberg [...]
Darktrace stock continues to fall after analyst comments October 26, 2021 Darktrace may be the darling of the UK tech scene, but their shares are continuing to plummet, 2.33% lower today at 732.5p.
Cyber criminals are flocking to Telegram September 17, 2021 Telegram has become a locale of choice for cyber criminals looking to buy or sell stolen user data and share hacking tools. Cyber criminals have been lured to the encrypted messaging app from the dark web by Telegram’s lack of moderation and secure servers. On the platform stolen personal data is shared by hackers with [...]
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 [...]