Cyberattacks hit UK businesses with £3.7bn in legal costs last year May 18, 2026 Large UK businesses were forced to fork out £3.7bn to defend legal action brought by shareholders last year over cyberattacks, according to new research from insurance giant Gallagher and the Centre for Economics and Business Research (CEBR). Cyberattacks cost firms with over 250 employees an estimated £11.7bn in total, with litigation being the second largest [...]
Andrew Bailey steers push for Anthropic to meet global watchdog over Mythos May 18, 2026 The global financial watchdog is set to discuss the capabilities of the Mythos tool with Anthropic following a push from Bank of England governor Andrew Bailey. The Financial Stability Board, which brings together finance bigwigs from across the G20 nations, will be briefed on the vulnerabilities in the global financial system identified by Mythos. It [...]
Fifa World Cup under major threat of cyber terrorism May 18, 2026 The 2026 Fifa World Cup could be the victim of the largest volume of cyber terrorism and hacktivism events in sporting history. The sheer scale of next month’s tournament – which is being hosted across Canada, the United States and Mexico – could play into the hands of rogue states and groups looking to cause [...]
UK ministers tell UK businesses to ‘step up’ cyber defences May 12, 2026 Ministers have announced a new push to force firms to strengthen their cyber defences against AI-powered attacks, as Britain’s cyber industry has swelled to £14.7bn. According to new Department for Science, Innovation and Technology (DSIT) figures, Britain’s cyber sector saw a 11 per cent rise in the past twelve months, while the number of companies [...]
IMF warns AI cyberattacks could trigger global financial crisis May 8, 2026 Evermore sophisticated AI-powered cyberattacks could threaten the stability of the global financial system, The International Monetary Fund (IMF) has warned, as regulators race to contain a new generation of threats. In their new report, the IMF said extreme cyber incidents could spark liquidity pressures and solvency concerns across banks and financial institutions. The lender warned [...]
Why Mythos could destroy Britain’s banking industry April 28, 2026 AI is compressing the time between discovering a weakness and exploiting it – and that’s a huge threat to the banking industry, says Raj Abrol The banking industry has spent the past year framing artificial intelligence as a productivity tool: faster coding, documentation, customer service and analysis. Anthropic’s Claude Mythos Preview, and Project Glasswing, the [...]
Ministers urge cyber crackdown as Anthropic AI fears grow April 20, 2026 Ministers have ramped up pressure on UK businesses to strengthen their cyber defences amid concerns that the next generation of AI could supercharge hacking threats. In a new push led by cyber minister Baroness Lloyd of Effra, nearly 200 business leaders were told to sign a new “cyber resilience pledge”, as fears mount that powerful [...]
Co-op merger to bring huge shakeup to retail and funeral giant April 9, 2026 The Co-op Group is preparing to takeover the Southern Co-op, in a merger which would bring a major shakeup to the retail and funeral giant in its bid to move on from a crushing cyber attack. The deal would see the group snap up around 300 food stores, funeral branches and Starbucks coffee shops. The [...]
Hargreaves Lansdown users report issues as investors rush to markets April 8, 2026 The UK’s largest DIY investment platform saw users report issues in early morning trading, as investors were left in a state of fury and struggled to manage their portfolios after news of a ceasefire between the US and Iran sent stocks soaring. Users reported a spike in problems with the site upon the London Stock [...]
The Debate: Is M&S’s boss right, should CEOs stay switched on while on holiday? April 1, 2026 M&S CEO says work-life balance is overrated, but is he right? We hear the case for and against bosses fully logging off in the Debate.