What lessons have we learned from a decade in cyber security? January 22, 2020 A colleague recently asked me what I thought had changed in cyber security over the last 10 years. We agreed that it had certainly been a time of momentous change. In 2012, there was the Shamoon attacks in the Gulf region. In one stroke, 35,000 computers were wiped and disabled within a matter of hours. [...]
First Travelex UK customer-facing systems restored after cyber attack January 17, 2020 The chief executive of Travelex has spoken out for the first time following a cyber attack two weeks ago that caused a global blackout in the foreign exchange provider’s online services. In a scripted video uploaded to a backup Travelex website, Tony D’Souza said the IT system used by staff was now working again. D’Souza [...]
London Stock Exchange denies cyber attack as UK probes trading outage January 6, 2020 The London Stock Exchange has denied that a cyber attack was responsible for a major trading outage in August, as UK security agencies reportedly investigate the cause of the incident. A British intelligence agency contacted the London Stock Exchange (LSE) in the past two months to request additional information about the outage on 16 August, [...]
New Orleans declares emergency as cyber attack shuts down government December 16, 2019 New Orleans has declared a state of emergency after a huge cyber attack shut down the local government’s computers and servers. The city’s emergency response service, dubbed Nola Ready, first reported phishing attempts and suspicious activity at 5am on Friday. Read more: London software firm Kape snaps up US cybersecurity company for $95m Chief information [...]
Black Friday backlash: Amazon and GMB dispute protest numbers at UK warehouses November 29, 2019 Staff at Amazon warehouses are staging walkouts on Black Friday and Cyber Monday in a row over the “appalling” treatment of workers. The demonstrations are taking place today and on Monday at Amazon’s head office in Shoreditch, as well as seven other locations across the UK, the GMB union said, and involve “100, if not [...]
Dirty data deals on the dark web are a risk to business November 7, 2019 Five years ago, you’d be hard-pressed to find anyone who had even heard of the dark web. Now this realm of mystery is the topic of books and films – not to mention daily headlines alongside news on the latest cyber breach. It’s got a reputation as the “go to” place for buying anything illegal, [...]
Financial Times owner Nikkei loses $29m in apparent fraud October 30, 2019 Nikkei, the Japanese media giant behind the Financial Times, has lost roughly $29m (£22.5m) in an apparent wire transfer fraud. In a statement issued today, the company said an employee of its US subsidiary had transferred the funds after receiving “fraudulent instructions by a malicious third party who purported to be a management executive of [...]
UK energy boss conned out of £200,000 in ‘deep fake’ fraud October 6, 2019 A top energy executive has been conned out of £200,000 by cyber scammers who used artificial intelligence to mimic his boss’s voice. The UK boss of an unnamed energy firm was tricked into transferring the money following a phone call from that appeared to come from his boss at the German parent company, the Mail [...]
City of London police chief urges banks to report cyber attacks after Wannacry ‘silence’ September 17, 2019 Major public companies decided not to report cyber attacks to the authorities during the worldwide Wannacry breach over fears that their reputations would be tarnished, according to the City of London’s police commissioner. Ian Dyson, who heads up the Square Mile’s police team, has urged banks to come forward with cyber incidents, claiming that some [...]
ECSC shares rise as data breach fines get cyber consulting back on track September 11, 2019 Shares in ECSC rose more than three per cent this morning after the cybersecurity firm reported renewed demand for its consulting services division. Read more: ECSC revenues jump as it grows client base amid cybersecurity concerns The figures ECSC’s total revenue slipped marginally from £2.64m to £2.63m in the six months to the end of [...]