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
Cyber gang hacks into Oxford University’s Covid-19 lab February 25, 2021 Oxford University Lab Strubi has been hacked by Cybergang selling secrets
Exclusive: Half of businesses suffered a cyber-attack in last 12 months February 22, 2021 Just over half (51%) of businesses in the UK have suffered a cyber-attack in the last 12 months, an issue becoming more prevalent with so many people working from home. Research by the Chartered Institute of Internal Auditors (CIIA), which quizzed nearly 200 businesses of all sizes and across various sectors, found the biggest barrier [...]
UK launches new body to oversee booming cybersecurity sector February 9, 2021 The government has launched a new independent body to oversee standards in the UK’s booming cybersecurity sector. Britain’s £8.3bn cyber sector has enjoyed continued growth during the pandemic, as a shift to homeworking has encouraged businesses and individuals to sharpen up their online sector. The government said the new UK Cyber Security Council, launched to [...]
Police seize €50m of bitcoin, but fraudster won’t give them the password February 5, 2021 German prosecutors have confiscated more than €50m (£43.8m) worth of bitcoin from a fraudster. There's only one problem: they can't unlock the money because he won't give them the password.
Why football clubs face an increased threat from cyber criminals during the transfer window January 31, 2021 It isn’t just football’s wheeler-dealers springing into action this month for the January transfer window. Increasingly, it is open season too for cyber criminals who see the game as rich pickings for various forms of hacking. “Right now there are big amounts of money changing hands,” says Max Heinemeyer of cyber defence firm Darktrace. “So this [...]