Former MI5 chief reveals secret documents in hollowed-out tree were eaten by squirrels May 18, 2021 A former MI5 chief has recalled the distress of a Russian intelligence officer discovering top secret documents concealed by an agent in a hollowed-out tree had been eaten by squirrels. Baroness Manningham-Buller, who served for more than three decades in the Security Service including five as director general, recounted the spying tale as she highlighted [...]
London crime gang dressed as key workers and joked about ‘clap for drug dealers’ May 17, 2021 A crime gang who dressed as key workers to avoid capture and joked about a weekly clap for drug dealers have been jailed. Andrew Doyle, 35, from Hammersmith, used the name “Neighbourhoodhero” on a secret encrypted messaging network while carrying out cocaine deals at the height of lockdown last year. He exchanged messages with Derrick [...]
Pandemic drives 15-fold rise in online scams, say UK cyber spooks May 10, 2021 UK spooks took down more online scams last year than in the previous three years combined as the Covid-19 pandemic fuelled an increase in cyber crime. Experts oversaw a huge 15-fold increase in the number of scams removed from the internet, the National Cyber Security Centre (NCSC) said today. It comes as unscrupulous hackers tried [...]
Joachim Klement, CFA: Three Geo-Economics trends to watch May 4, 2021 | City Talk “Today’s investors need to understand geopolitical trends as a main driving force of markets.” Joachim Klement, CFA Joachim Klement, CFA, has emerged over the last decade as one of the more insightful and compelling voices in finance. Well-reasoned, rigorous, humorous, and occasionally iconoclastic, his perspective, featured either on the Enterprising Investor Blog or on his [...]
World’s biggest dark web child porn network with 400,000 members shut by German prosecutors May 3, 2021 Prosecutors in Germany said today they have busted what is believed to be the world’s biggest international darknet platform for child pornography, used by more than 400,000 registered members. Frankfurt prosecutors said in a statement together with the Federal Criminal Police Office that in mid-April three German suspects, said to be the administrators of the [...]
Darktrace races out of the blocks: A boost for London’s IPO market after Deliveroo’s flop April 30, 2021 In a welcome boost for the London IPO market after the Deliveroo flop, UK cybersecurity company Darktrace launched this morning well above its initial price of 250p per share, jumping sharply to 350p in opening trade. There were early indications that the initial valuation might be higher than this, at around £3bn, however it appears that [...]
NatWest refuses to jump on the crypto bandwagon amid money laundering charges April 26, 2021 NatWest’s reluctance to enter the crypto market should be seen as out of step with the wider financial services ecosystem, according to a leading London lawyer. Earlier this week, the bank said it has ‘no appetite’ to serve business customers which accept cryptocurrency, as the bank is taking a ‘cautious approach’ following recent money laundering [...]
Treasury minister ‘sorry’ for LCF minibond scandal and plans crackdown on online fraud April 21, 2021 UK Government apologises for LCF minibonds scandal and plans crackdown on online fraud
Online safety bill risks being ‘as shallow as a puddle’, warns campaigner April 15, 2021 In the recently published Integrated Review, a detailed policy document setting out the UK’s national security and international policies, the government identifies online harms as one of the most serious threats to our way of life. The report highlights the government’s commitment to ‘promote a free, open, peaceful and secure cyberspace’. However, it does not reflect the [...]
Money mule criminals increasingly target cash-strapped youth during Covid lockdown, report finds March 10, 2021 Money mule criminals use fake online job adverts to target cash strapped youngsters