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 [...]
Banks to be forced to reveal all cyber security breaches to the European Central Bank June 19, 2017 All banks regulated by the European Central Bank (ECB) will be forced to reveal all major cyber security breaches, according to one of the supervisor’s bosses. Starting this summer, banks directly supervised by the ECB will have to “report all significant cyber incidents”, said Sabine Lautenschlaeger, a member of the ECB’s executive board. At a [...]
Rampant ransomware raises risk of data breach sanctions under GDPR June 7, 2017 A ransomware infection would be considered a data breach under the terms of the new data protection regulation that comes into force next year, cybersecurity and legal experts say. Ransomware encrypts the data on an infected machine, and criminals demand payment from the owner to release the information. Ransomware is one of the fastest-spreading forms [...]
Can you spot a liar? May 31, 2017 “Everybody knows we are in a post-truth world,” deception detection expert Pamela Meyer told delegates at the 70th CFA Institute Annual Conference in Philadelphia. “People will tell you anything.” That’s why we need to be mindful of the verbal and nonverbal clues that indicate deception, Meyer explained. She is a certified fraud examiner, the author [...]
Aviva just backed insurance focused fintech startup Neos and will probably acquire one soon, says CEO Mark Wilson May 25, 2017 Aviva is splashing cash on a startup focusing on insurance for connected homes in the latest signal of the insurers intent when it comes to technology – and it may even stretch to buying a small tech firm in future, it has revealed. The venture arm of Aviva has led a £5m series A funding [...]
WannaCry ransomware NHS cyber attack: A final warning for banks and fintech May 15, 2017 It was the most high profile cyber attack in some time, and one of the largest ever carried out. Governments, hospitals, companies and universities in over 150 countries were affected by the recent ‘WannaCry’ cyber attack, which affected more than 230,000 computers with ransomware and demanded bitcoin payments. Media coverage in the UK focused on [...]
NHS IT systems attacked: Hospitals across the UK have been hacked – reports May 12, 2017 A number of hospitals from 16 different NHS trusts across the UK have been hacked, according to reports. NHS Digital confirmed the attack, and said a number of NHS organisation have reported to NHS Digital that they have been affected by a ransomware attack. Some hospitals are having to turn patients away as they struggle [...]
Will payday lender Wonga’s reputation pay a price for its customer data breach? April 26, 2017 Over the last few years a number of high-profile brands have seen their customers’ data compromised – as the result of a deliberate hack or because of inadequate security procedures. The latest brand to suffer is Wonga. Earlier this month the payday loan provider suffered a data breach and warned that up to a quarter [...]
Why cybersecurity needs more attention from business leaders April 10, 2017 As businesses have become more dependent on technology, their exposure to cybersecurity threats increases – driving a need for boards and senior management to understand the risks. Cybercrime has grown so much that the Office for National Statistics (ONS) recently began including it in official figures. In 2016, a report from the National Crime Agency [...]
Abta cyber attack: Travel trade group targeted March 16, 2017 Abta, the travel trade organisation has been hit by a cyber attack resulting in the information of thousands of people and hundreds of companies being stolen. The organisation revealed the breach happened at the end of February, with cyber attackers taking the information of 43,000 individuals and 650 Abta members. 1,000 of the files are thought to [...]