Uber hack: What happened, who’s affected, advice for app users and everything you need to know about the data breach November 22, 2017 Uber is the latest major company to reveal that it has been targeted by hackers. A massive breach resulted in data being exposed last year – but the tech company was less than forthcoming about it and even paid off the hackers. Here’s everything you need to know about the incident and how it might [...]
TP Icap struggles to get systems back up and running after being hit by network outage November 10, 2017 TP Icap, the world’s largest interdealer broker, is grappling to get its systems back up and running after being hit by a massive network outage. The blackout hit Tullett Prebon, part of the wider TP Icap group, at 4.50pm yesterday evening. In a short statement this morning the firm said: As of 7am GMT today, [...]
The Equifax hack is being investigated by the Financial Conduct Authority October 24, 2017 The City watchdog has launched an official investigation into the massive hack of Equifax which exposed millions of people’s personal data. “The [Financial Conduct Authority] FCA announces today that it is investigating the circumstances surrounding a cybersecurity incident that led to the loss of UK customer data held by Equifax Ltd on the servers of [...]
Fraud in England and Wales is up again as cyber crime and credit card fraud increase October 19, 2017 Incidences of fraud increased again this year in England and Wales, as more than half of crimes took place online. According to the latest crime figures for the year to June from the National Fraud Intelligence Bureau, there was a four per cent increase in fraud offences to over 653,000. This represents the fifth year [...]
UK businesses have slashed their cyber security budgets by a third October 18, 2017 Businesses in the UK have cut the amount of cash they are spending on cyber security despite the growing threat of attacks. Budgets for security are a third of what they were this time last year, down to £3.9m on average, compared to £6.2m according to research from PwC. The cost of attacks has fallen, [...]
UK companies are facing a shifting range of security threats October 2, 2017 The threat level in the UK is severe – and arguably not just in relation to terrorism. Recent incidents have shown that any organisation, regardless of its sector or size, could be adversely affected by a security attack. Whether it is a malicious and indiscriminate ransomware campaign, similar to Petya or WannaCry, or getting caught [...]
London businesses suffer the highest level of employee frauds in the UK September 18, 2017 British businesses lost at least £40m last year from frauds perpetrated by their own employees, with London accounting for the largest chunk by far, new data published today has revealed. Losses from employee fraud were highest in the Greater London area covered by the Metropolitan Police, at £7m in 2016/17, according to government figures obtained [...]
Two-thirds of FTSE 350 board members lack cyber hack training August 21, 2017 The majority of board members at Britain’s biggest public companies have received no training in how to handle a cyber attack despite it rapidly rising up the business agenda, according to a new survey. Some 68 per cent of board members in the FTSE 350 said they have not been trained in responding to a [...]
Employees are your biggest risk: Data hygiene needs to start at the top July 25, 2017 It’s beginning to feel like we’re hearing about big cyber security incidents every day. From the recent WannaCry malware attack, which affected organisations across the globe, to the ongoing allegations of nation state cyber espionage, cyber security is never out of the news. To help tackle this ever-evolving threat landscape, there’s a whole host of [...]
Here’s some cybersecurity advice if you don’t wanna cry July 4, 2017 Last week, barely a month since the WannaCry attack, companies around the world were struck by another major ransomware cyber attack. With two similar looking, large-scale incidents occurring within such a short window, companies are naturally anxious to know how they can protect themselves against the next – inevitable – attack. It’s all about the [...]