War games: Bank of England to test financial services sector’s resilience to cyber attacks November 9, 2018 The Bank of England will today test the financial industry's ability to withstand a major cyber attack on the UK. Leading banks will be among around 40 firms that will partake in the exercise, aimed at ensuring firms are able to meet certain recovery requirements in the wake of a cyber-attack. "This exercise forms a [...]
Workplace monitoring is not a scary Big Brother, but a way to protect your business October 24, 2018 Picture this: an incident occurs in your organisation and your trade secrets are exposed to competitors and the media. The ensuing scandal means senior executives resign, the share price drops, employee morale falls, and eventually jobs are put at risk. This is not the stuff of TV thrillers, but is happening with increasing regularity to organisations [...]
UK foils more than 10 cyber attacks per week, says GCHQ October 16, 2018 The UK has faced more than 10 cyber attacks per week on average in the last two years, the National Cyber Security Centre (NCSC) today revealed, with most coming from “hostile” nation states. Since it became operational in 2016, GCHQ’s cyber crime defence centre has been forced to defend Britain against 1,167 threats, 557 of which [...]
Cyber insurance, the Great Fire of London, and the need for digital fire fighters in the modern day September 20, 2018 A quick history lesson for you. Earlier this month, we commemorated the 352nd anniversary of the Great Fire of London, which destroyed 13,200 homes, as well as St Paul’s Cathedral. The giant Monument is a stone’s throw from the City A.M. offices. The fire blazed from 2 to 6 September, and the inhabitants of London [...]
Cyber insurance, the Great Fire of London, and the need for digital fire fighters in the modern day September 20, 2018 A quick history lesson for you. Earlier this month, we commemorated the 352nd anniversary of the Great Fire of London, which destroyed 13,200 homes, as well as St Paul’s Cathedral. The giant Monument is a stone’s throw from the City A.M. offices. The fire blazed from 2 to 6 September, and the inhabitants of London [...]
Shares fall as BA investigates data breach affecting 380,000 card payments September 6, 2018 British Airways has admitted that hackers stole customer data from its website and mobile app over the last two weeks. Shares in International Airlines Group, of which BA is a subsidiary, have fallen more than 2 per cent this morning as the airline launched an investigation into the theft, which it said affected at least [...]
T-Mobile warns customers about data breach August 24, 2018 T-Mobile said today that hackers have accessed around 2m customers’ personal data. The US hack saw cyber criminals steal people’s names, billing zip codes, phone numbers, email addresses, account numbers, and account types. Read more: Email blunder: West Ham FC exposes supporters' email addresses But the mobile operator said financial data, social security numbers and [...]
Data breach: West Ham United accidentally exposes hundreds of fans’ email addresses August 24, 2018 West Ham United suffered a data breach yesterday when it accidentally shared hundreds of season ticket-holders’ data with one another. UK data protection watchdog the Information Commissioner’s Office (ICO) is looking into the breach at the club, whose staff’s email blunder resulted in up to 200 supporters seeing each other’s details. Read more: 20,000 Superdrug [...]
Superdrug tells thousands of customers to change passwords after cyber attack August 22, 2018 Thousands of Superdrug's online customers have been targeted by cyber criminals who claim to have obtained their personal details. The company told customers to change their online passwords after hackers claimed to have stolen information on approximately 20,000 users, but the retailer said it has only seen evidence so far that 386 accounts have been hacked. [...]
Watchdogs push City to plan for failure amid ‘increasingly hostile’ cyber environment July 5, 2018 The City’s watchdogs have banded together to push senior managers to plan for failure amid a surge in IT incidents. The Bank of England (BoE), the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) today published a discussion paper inviting responses from firms and consumers as they prepare to shape future regulations across [...]