Corruption, dirty cash, and money laundering – we must shine a spotlight on crooks hiding in the City June 7, 2019 The OECD ranks Britain as one of the best places to start and grow a business. We’re home to five of the top 10 fastest-growing businesses in Europe because people know we’re an open, liberal, free-trading economy where new businesses can be created easily, and where startups are treated fairly, even when they take on [...]
Ban on Chinese telecoms vendors would add $62bn to Europe’s 5G bill June 7, 2019 A ban on buying telecoms equipment from Chinese vendors would add $62bn (£48bn) to the cost of 5G networks in Europe, according to an industry analysis. The Trump administration blacklisted purchases Huawei in May as part of a long-running dispute with the company. The United States alleges that Huawei is too close to the Chinese [...]
Government must do more to protect UK from cyber attacks, MPs warn June 5, 2019 The government has not done enough to protect the UK from the growing risk of cyber attacks, MPs have warned. The influential Public Accounts Committee (PAC) today published a report criticising the government for not making sufficient progress in its cybersecurity strategy. Read more: Less than one per cent of cyber crimes lead to prosecution [...]
Almost three-quarters of companies were impacted by financial crime last year, survey says May 29, 2019 Nearly three-quarters companies were impacted by financial crime in the last 12 months, according to a survey published today. Read more: Financial investment fraud cases jumped 74 per cent in 2018 According to the survey 72 per cent of organisations were aware of financial crime in their global operations over the last 12 months. More than [...]
50,000 businesses exposed to cyber attacks through SAP systems May 2, 2019 Up to 50,000 businesses running Sap software are at risk of being hacked after security researchers uncovered new ways to exploit insufficiently protected systems. German firm Sap, which provides software to more than 90 per cent of the world’s top 2,000 firms, said it had issued guidance on configuring security settings in 2009 and 2013. However, security [...]
Huawei chairman says the US has ‘no evidence, nothing’ of Chinese backdoors in 5G February 26, 2019 Huawei's chairman Guo Ping has said there is "no evidence, nothing" to support US claims of spying via its telecommunications equipment. "We don't do bad things," said Ping, speaking in a keynote address at Mobile World Congress in Barcelona. "Here, let me say this as clearly as possible: Huawei has not and will never plant backdoors. [...]
Microsoft opens up cyber security services in Europe in wake of fresh Russia attacks February 20, 2019 Microsoft has expanded the reach of its cyber security service for political organisations in Europe, after detecting a fresh wave of attacks from Russian hackers. The firm's vice president for customer security and trust Tom Burt said Microsoft's Threat Intelligence Centre (MSTIC) had discovered attacks on employees of the German Council of Foreign Relations, and European [...]
The Great Russian Firewall: Putin’s unplugging his country from the internet February 11, 2019 Russia is preparing to detach itself from the rest of the world by briefly disconnecting from the internet, as it readies for future cyber warfare. The test, due to be held before 1 April, will keep all data circulating between Russian citizens and organisations within the country's borders rather than passing through international routes. The move [...]
The world’s biggest data dump: How do I find out if my email was caught in the Collection #1 hack? January 17, 2019 More than 722m email addresses and passwords were uploaded to the internet on Wednesday, in what is being referred to as the world's biggest data dump to date. Known as Collection #1, the dump was discovered by security researcher Troy Hunt, who is also the owner of hack-checker website HaveIBeenPwned.com. Initially uploaded into a hacking [...]
Global cyber attacks soar by 63 per cent in three years as criminals harness AI January 11, 2019 The number of significant cyber attacks has grown by more than 50 per cent in the last three years, with artificial intelligence increasingly being used as a cyber security threat, Linklaters has warned. A new report from the global law firm has revealed that there were 67 significant cyber incidents worldwide in January to October 2018, [...]