Drones, cybercrime, AR, and robots – the tech trends to watch out for in 2019 January 3, 2019 It is finally 2019, and I can’t wait to see what surprises the technology industry has in store for us. What should we keep our eyes peeled for over the next 12 months? To whet your appetite about the future, I asked the experts for their predictions for the top tech trends of this year. Devious [...]
Tech outages at financial firms double as watchdog warns of data breach risk November 27, 2018 IT failures at financial institutions have more than doubled in the last year, the Financial Conduct Authority has revealed, as firms fight to update their legacy technology to keep apace with fintech startups. In the 12 months to October, the UK's financial firms reported a 138 per cent increase in technology outages to the FCA, as [...]
Barclays fights off cyber attack attempts every day, says digital defence head November 26, 2018 Barclays fights off attacks from cyber criminals every single day, according to the head of the bank’s cyber security operations centre. Former Europol cybercrime centre head of operations Paul Gillen told City A.M. that the number of attempts against the lender each day was “substantial”. However, the attacks vary in degree with the most common [...]
UK foils more than 10 cyber attacks per week, says GCHQ October 16, 2018 The UK has faced more than 10 cyber attacks per week on average in the last two years, the National Cyber Security Centre (NCSC) today revealed, with most coming from “hostile” nation states. Since it became operational in 2016, GCHQ’s cyber crime defence centre has been forced to defend Britain against 1,167 threats, 557 of which [...]
UK business emails could represent a major cyber security flaw October 4, 2018 Business emails could represent a major security flaw for UK companies, after it was revealed millions of account details are openly available for purchase through criminal networks and on the dark web. The financial details of almost 5,000 UK companies were found to be exposed in third party breaches and sit within criminal forums, including [...]
UK to create new cyber force to combat Russia hacking threat September 21, 2018 British spy agency GCHQ and the Ministry of Defence (MoD) are reportedly developing a new force to wage war in cyber space. A 2,000-strong cyber squad will be established to increase Britain's ability to combat the growing online threat posed by Russia and to continue cyber attacks on Isis propaganda, according to Sky News. The new [...]
Crypto and cybercrime – a marriage made in heaven? September 18, 2018 For years, cybercriminals have been experimenting with new ways to steal and extort money from victims. More recent trends involve the boom in cryptocurrency. Here, Tyler Moffitt, Senior Threat Research Analyst at Webroot, explores the relationship between cybercrime and cryptocurrency. Basic ransomware attacks, where a cybercriminal demands payment in exchange for something they’ve taken from [...]
There’s a bright, collaborative future ahead for the City and Northern Ireland September 17, 2018 Last week, I embarked on a visit to Northern Ireland to engage with its financial and professional services sector. With fewer than 200 days until the UK leaves the EU, and the Irish border proving to be one of the more contentious issues surrounding negotiations, this was an excellent opportunity to hear the views of [...]
Cyber attack against Match.com exposes millions of singles to malware September 4, 2015 UK’s online daters could be the victims of cyber crime, after researchers discovered a malware attack aimed at Match.com’s millions of users. The malicious content is being spread through adverts on the website in a “malvertising attack” which is reportedly targeting UK users in particular. Match.com’s servers have not been breached. The site’s users risk [...]
Silk Road case: US agent investigating dark web drug site admits to $800,000 Bitcoin theft September 1, 2015 The drama surrounding the Silk Road case continues, after another US federal agent has admitted to laundering hundreds of thousands of dollars worth of Bitcoin during the investigation. Former secret service agent Shaun Bridges has pleaded guilty to Bitcoin theft, admitting to sending over $800,000 worth of the digital currency to his personal account while [...]