Ince settles former executives’ claims with £15,000 payouts each September 28, 2022 Ince has paid two of its former executives £15,000 each to settle a series of cases arising from the listed law firm’s decision to remove them from their posts. The maritime specialist law firm, which is listed on London’s AIM, said it has paid former chief executive Adrian Biles, and former finance chief, John Biles [...]
UK’s financial sector faces new wave of brute force DDoS attacks September 14, 2022 The UK’s financial sector is experiencing a wave of brute force Distributed Denial of Service (DDoS) attacks, new data obtained through a freedom of information request shows. Hackers are increasingly using brute force tactics to launch cyberattacks against the UK’s financial sector, as they pivot away from using phishing and malware scams, the Financial Conduct [...]
WH Smith high street sales lower than pre-Covid levels after Funky Pigeon hack September 7, 2022 WH Smith has said its high street arm has been impacted by a cyber security issue with its greetings cards business, denting sales. The stationery seller said its high street business was performing in line with expectations. Sales stood at 80 per cent of 2019 revenue for the 26 weeks to 27 August 2022, following [...]
Go-Ahead hit by cyber security incident but says rail services ‘operating normally’ September 6, 2022 Go-Ahead has been hit by a cyber security incident after unauthorised activity was detected on its network yesterday, the bus operator revealed. The public transport operator stated there was “no impact on UK or international rail services which are operating normally.” Go-Ahead said it “immediately engaged external forensic specialists” after the hack was discovered and [...]
The Works warns of cost of living impact on Christmas sales August 8, 2022 Stationery chain The Works has slashed its guidance for the 2023 financial year and warned about consumer spending amid the Christmas spending period. The London-listed company, which sells discount books, toys and art supplies, said the general market outlook had “deteriorated” since the start of the calendar year, pointing to “low consumer confidence and rising [...]
Cybersecurity is not just the IT team’s responsibility: ‘This mistaken belief will cost you dearly’, warns industry insider June 23, 2022 Globally, SMEs have proven themselves to be easy and profitable targets for cybercriminals. Alarming statistics seem to be commonplace these days, but a few released recently still hold enough power to pack a punch. City A.M. spoke to David Steele, founder of SecuriCentrix, about the risks he sees companies take in their approach to cybersecurity, [...]
Canada bans Chinese telecom giants Huawei and ZTE calling it the ‘right decision’ in the 5G world May 20, 2022 Canada is set to ban two of China's biggest telecoms equipment makers, Huawei and ZTE, from working on its 5G phone networks, following the lead of the UK and US.
Exclusive: Online card fraud incidents across TfL spike in 2021 despite a fall in travel numbers May 17, 2022 Despite a Covid-induced slump in travel numbers, the number of online card fraud incidents on Transport for London’s (TfL) railway network spiked in 2021. According to TfL data obtained through a Freedom of Information (FOI) request, the number of online fraud incidents increased 31.8 per cent to 655 in 2021, going up from 497 a [...]
WH Smith: Orders from Funky Pigeon website suspended after cyber attack hits cards firm April 19, 2022 WH Smith has said Funky Pigeon, its greetings card subsidiary, fell victim to a cyber security incident last week. In an update on the London Stock Exchange, the stationary giant said orders from the Funky Pigeon website have been temporarily suspended. The online retailer was affected by an incident on Thursday 14 April. Customer payment [...]
UK financial watchdog tells British firms to boost cybersecurity following Russia’s invasion of Ukraine March 10, 2022 The UK’s financial regulator has told British companies to strengthen their cybersecurity systems, amid fears Russia’s invasion of Ukraine may spark an increase in hacking. The Financial Conduct Authority (FCA) said firms should take measures to boost their resilience to cyber attacks and be wary of people sharing false information on social media. The comments [...]