M&S, Harrods and Co-op attacks expose UK’s growing cybersecurity risks May 7, 2025 A recent spate of cyber attacks on UK retail giants, including M&S, Harrods and Co-op, have exposed growing concerns over cybersecurity readiness at British businesses. According to Cisco’s latest Index, released Wednesday, only four per cent of UK firms are fully prepared to defend against today’s complex cyber threats. The report found, too, that 83 per cent [...]
M&S: FTSE 100 giant battling cyber attack April 22, 2025 M&S has revealed it has been battling what it has described as a “cyber incident” over the past few days. The FTSE 100 giant said that it’s made some “minor, temporary changes to our store operations to protect customers and the business” and “we are sorry for any inconvenience experienced.” M&S confirmed that it is [...]
Spring Statement 2025: Reeves bets big on AI and tech March 26, 2025 Chancellor Rachel Reeves delivered her first Spring Statement on Wednesday, setting out an economic plan that could have major implications for the UK’s tech sector as she pivots towards AI. With billions in government cuts, a fresh push for AI-driven efficiencies, and no new tax hikes, the statement signalled a shift towards automation as a [...]
NCC upgrades forecasts as cyber business grows September 12, 2024 British tech firm NCC said it will report a better than expected quarterly trading performance after a strong performance from its core cybersecurity business. In the four months ending 30 September, NCC forecast overall revenue to be around £100m with adjusted operating profit of about £3.5m, compared to £1m and an adjusted operating loss in [...]
Crowdstrike shares slide despite beating expectations amid IT outage fallout August 29, 2024 Shares in cybersecurity firm Crowdstrike tumbled over seven per cent in after-hours trading, even as the scandal-stricken company posted better than expected second-quarter earnings for its financial year 2025. The Nasdaq-listed company, still reeling from last month’s global IT outage, posted total revenue of $963.9m (£729m), a 32 per cent increase from $731.6m (£553.3m) in [...]
Global tech outage: First real test for cyber insurance market July 24, 2024 The world suffered from a technical crash on Friday which left airlines grounded and affected business, but who will cough up for the interruption?
London cyber firm CultureAI raises £8m to double workforce and ‘fix human error’ July 17, 2024 CultureAI's latest capital injection follows seed rounds of $4m (£3.1m) in 2021 and $5m (£3.8m) in 2023.
AI deepfake scams hit FTSE 100 bosses July 10, 2024 Back in May, the chief executive of WPP revealed he was targeted by a deepfake scam which involved his voice being cloned on a company Microsoft Teams call.
Cyber attack on London hospitals must be a wake-up call for our politicians June 14, 2024 The NHS cyber attacks show exactly why digital security is critically important, yet our politicians don't seem to care, writes Edward Lewis
Microsoft: weak cyber defences set to hit economic growth June 5, 2024 Microsoft and many others have said that organisations need to "fight fire with fire" and use AI to bolster their defences.