Darktrace lowers earnings forecast as sales commission changes September 6, 2023 "The macro-economic backdrop has been a headwind for many businesses over the past year, and we have not been immune from its impact," said chief executive Poppy Gustafsson.
Fraud ‘increasing national security threat’ thanks to AI, Lord Mayor warns September 5, 2023 Fraud is increasingly a threat to “national security” as advances in artificial intelligence serve to boost the chances of scammers, the Lord Mayor has warned. Nicholas Lyons, Lord mayor of the City of London, told the International Symposium on Economic Crime in Cambridge that addressing economic crime “must be seen as a foundation for a [...]
Lendinvest hit by data breach with customer information exposed August 25, 2023 Lendinvest has said it was hit by a data breach yesterday, with certain customer information made available to outside parties. The London-listed property fintech said an investigation into the incident is ongoing and can not yet confirm the precise number of individuals impacted or how long the information was in the public realm for. It [...]
Executives ‘sleepwalking into cyber catastrophe’, warns cybersecurity boss August 10, 2023 The cyberattack on the Electoral Commission should “serve as a wake-up call to executives”, the boss of a cybersecurity firm has warned. Suid Adeyanju, chief executive of British cybersecurity company Riversafe, said an underestimation of the threat of cyberattacks meant executives were “sleepwalking into a cyber catastrophe”. His comments came after the Electoral Commission revealed [...]
Electoral Commission hacked: Watchdog sorry for cyber breach amid concern over accessed data August 8, 2023 The elections watchdog has been targeted by a cyber attack which allowed “hostile actors” to access electoral registers. The Electoral Commission revealed it had been hacked but was “not able to know conclusively” what information was accessed. But it said the largely paper-based process of elections meant it would be “very hard” for hackers to [...]
Estee Lauder hit by cyberattack affecting some business operations July 19, 2023 Cosmetics maker Estee Lauder said a hacker had obtained some data from its systems, with the cyber incident causing, and expected to further cause, disruption to parts of the company’s business operations. The MAC Cosmetics owner was working to restore the affected systems and had implemented measures to secure its operations, including taking down some [...]
New Online Safety Bill sparks privacy and national security concerns among public July 4, 2023 The draft Online Safety Bill (OSB) has sparked security and online privacy concerns according to a new survey – although Ofcom has brushed off the scrutiny. Under the new OSB, which is in its final stages of passing through parliament, authorities could force communication providers like WhatsApp to scan online messages sent in the UK [...]
Bank of America at odds with Lloyd’s over state-backed cyberattack exemption April 20, 2023 Bank of America has reportedly raised concerns with Lloyd’s of London about a move to exempt “state-backed” cyberattacks from standard insurance policies. Bank of America highlighted its concerns with the policy in a series of meetings between Lloyd’s and its biggest clients, the Financial Times reported. Marsh, the world’s biggest broker, is also understood to [...]
Capita: Local authority contractor says ‘limited’ data accessed by hackers in recent cyber attack April 20, 2023 Outsourcing firm and government contractor Capita said customer, supplier or colleague data may have been accessed by hackers in a recent cyber attack on the firm. The group – a major contractor for local authorities – said investigations since the hack was discovered on March 31 have shown evidence of a “limited” data breach. It [...]
Cyber attacks hit a third of firms and quarter of charities last year, including Royal Mail, WH Smiths and JD Sports April 19, 2023 Nearly a third of businesses and a quarter of charities have said they were the subject of cyber attacks or breaches last year, new data has shown. Figures collected for the Government by polling company Ipsos show a similar proportion of larger and medium-sized companies and high-income charities faced attacks or breaches last year as [...]