The firms benefiting from the cybercrime arms race: NCC, Sophos and Darktrace make UK a cybersecurity leader January 21, 2016 Cybercrime fears are on the rise but it’s not bad news for everyone: the IT security sector is booming. With high-profile hacks against firms like JD Wetherspoons and TalkTalk exposing hundreds of thousands’ personal and financial data, and government and big business alike have been racing to tackle the growing threat, with the UK doubling [...]
FTSE 100 index closes in a bear market as the price of oil falls further January 20, 2016 The FTSE 100 index officially fell into a bear market on Wednesday as the price of oil continued to slide. The UK's blue-chip index fell 3.46 per cent to 5,673 points, falling over 20 per cent from the high it reached in April 2015. "Few stocks were spared today as European equity markets plunged sharply today with the FTSE 100 [...]
Wetherspoon’s share price plummets on warning that profits will come at lower end of expectations after labour costs start to bite January 20, 2016 JD Wetherspoon's share price tumbled more than nine per cent this morning, after warning that full year profits will be towards the lower end of expectations, as increases in labour costs eat into the bottom line. The figures Like-for-like sales at the pub group rose 3.3 per cent in the 12 weeks to 17 January, while total [...]
Top Tory tells business: Wake up to threat of cyber crime January 11, 2016 Businesses should be doing more to defend themselves from cyber security threats, a former defence secretary will warn today. In a speech to the The Royal United Services Institute (RUSI), influential Conservative Dr Liam Fox will call for laws forcing companies to disclose hacks to shareholders, as well as banning any company that doesn’t meet [...]
Blockchain will lead the field in another record breaking year for UK tech investment January 6, 2016 2015 was another record year for investment into the UK’s tech sector. According to our latest data released today, London tech companies are leading the way, attracting over 60 per cent of the total $3.6bn invested last year. Investors are flocking to London, attracted by the city’s diverse tech scene. From fashion tech to fintech, the [...]
Corporate hacks doubled in 2015: The finance sector was cybercrime’s biggest victim, with banks, investment funds and exchanges including bitcoin most likely to be targeted by cyber attacks December 24, 2015 Corporate hacks doubled in 2015, new research shows, with financial services more exposed to attacks than any other sector. Financial services were most likely to be targeted by hackers – particularly investment funds, banks, and stock and currency exchanges. Exchanges dealing in digital currencies like bitcoin have soared in popularity among cyber crooks. Some six in 10 of all [...]
Cyber siege: What businesses should learn from 2015’s hacks against TalkTalk, Carphone Warehouse and Wetherspoons December 23, 2015 We will remember the past year in IT security as yet another in which cyber-attackers have got the better of major organisations, from the US government’s HR agency, the Office of Personnel Management (OPM) and health insurance giant Anthem over in the States, Hong Kong-based toy manufacturer VTech and Japanese-owned Hello Kitty brand, through to [...]
Cyber attack on Wetherspoons could cost pub chain more than just beer money December 9, 2015 In the latest instalment of cyber attacks on British businesses, the personal details of up to 657,000 customers of pub chain JD Wetherspoons have been hacked. Email addresses, phone numbers, and dates of birth were all stolen and put up for sale on what is known as the dark web. The attack was in June, but [...]
JD Wetherspoon and Heineken make up after row December 4, 2015 UK pub chain JD Wetherspoon kicked off the new year by setting aside its differences with Heineken, and putting the Dutch brewer's products back onto the menus of its 926 pubs across the UK and Ireland. From today, Wetherspoon has started serving Heineken, Fosters, Kronenbourg 1664, Strongbow, John Smith's Extra Smooth and Amstel at its [...]
JD Wetherspoon share price rises despite warning customer details stolen in cyber attack December 4, 2015 Pub chain JD Wetherspoon has said that the personal details of more than 650,000 customers may have been stolen in a cyber attack, and a small portion of this included credit card data. For the majority of customers no financial data was stolen, and no passwords were obtained. However, the last four digits of around 100 customers' credit [...]