Ion Markets cyber attack disrupts derivatives trading February 1, 2023 Financial data group Ion Markets suffered a cyber attack yesterday, according to reports, which caused disruption to derivatives trading. The attack was “contained to a specific environment” and “all the affected servers are disconnected” Ion Markets said, according to a Financial Times report. City A.M. has approached Ion Markets for a comment. A statement made [...]
JD Sports data hack: Around 10m customers caught up in ransomware attack warned to be ‘vigilant’ of scam emails January 30, 2023 Around 10 million people might have had their addresses, phone numbers and email addresses among other things stolen in a hack that hit retailer JD Sports. The business said payment card details were safe, and that it has no reason to think the hackers have accessed users’ passwords. Hackers accessed a system which contained information [...]
Hackers from Iran and Russia have ‘ruthlessly’ hit British journalists and politicians, GCHQ’s cyber centre warns January 26, 2023 Officials warn Iranian and Russian hackers have been “ruthlessly” trying to steal sensitive information from British journalists and politicians. The National Cyber Security Centre (NCSC), part of GCHQ, issued a fresh alert on increased hacking attempts directed at individuals and groups, though not at members of the public. “The Russia-based SEABORGIUM (Callisto Group/TA446/COLDRIVER/TAG-53) and Iran-based [...]
Royal Mail’s export service hit with major cyber incident and is experiencing ‘severe disruption’ January 11, 2023 Royal Mail is experiencing “severe service disruption” to its international export services following a cyber incident, the company has announced. A statement said it was temporarily unable to despatch export items including letters and parcels to overseas destinations. Royal Mail said: “We have asked customers temporarily to stop submitting any export items into the network while we work hard [...]
As we modernise education, we can’t allow hackers to target our kids’ future January 11, 2023 Schools operate in a world where parents don't sign physical sick letters or have mailed report cards, but if this digital system is held to ransom, students' grades and even university entry could be at risk, writes Rosie Beacon.
As cyber risk intensifies, insurers must offer a better market to companies in need of protection December 26, 2022 From rising inflation to Russia’s invasion of Ukraine, this year has yet again demonstrated the domino effect that occurs following a crisis, and the impact this has on businesses. There are many lessons to be learned as we move into the new year. If we take the war in Ukraine, the geopolitical crisis triggered sanctions [...]
Why banks must get better at managing the risky business of cloud computing December 13, 2022 Cloud computing represents the future of financial sector IT. Its services helped many organisations through the pandemic, supporting mass working and empowering them to reach locked-down customers digitally. But migrating data and systems to third-party datacentres also increases risk, as the Bank of England noted last year. The challenge for IT bosses in the sector [...]
As cyber-threats mount, the race is on to define and protect the corporate attack surface December 13, 2022 Cybersecurity has historically been a difficult sell to the board. Banking leaders, like their counterparts across other sectors, tended to regard IT security as the domain of the techies—something adjacent to rather than at the core of their business. But things have changed considerably since the start of the pandemic. Today the challenge is not [...]
Govt strengthens cybersecurity laws for public services November 30, 2022 The government said it will strengthen its cybersecurity laws to better protect essential services like water, energy and transport, from online attacks. In response to a public consultation earlier this year, the government has confirmed the Network and Information Systems (NIS) Regulations will be strengthened to protect essential and digital services against increasingly sophisticated and frequent cyber attacks both now [...]
WH Smith swings back to profit as retailer eyes global expansion November 10, 2022 WH Smith is back in the black after footfall to airports and railway stations returned this year, following the opening up of society post-Covid. The high street staple posted group profit before tax of £63m for the year to the end of August, compared to a loss of £116m it booked the year previously. WH [...]