EU follows UK lead and considers plans to test bank defences against a cyber attack January 23, 2017 The EU is contemplating plans to test banks' ability to repel cyber attacks in an initiative that would mirror measures already put in place by the Bank of England. Cyber and technological-enabled attacks have been on the Bank of England's radar since 2013 with 30 out of 35 "core firms" having completed the UK's cyber stress testing [...]
The UK has shot up the corporate fraud rankings with an annual spike in incidences January 17, 2017 Fraud incidents have shot up at UK businesses during 2016, catapulting Britain towards the summit of global corporate fraud rankings. Over the last 12 months the proportion of British businesses saying they had been affected by fraud jumped from 74 per cent to 90 per cent. Read more: Rolls-Royce to pay £671m to settle corruption [...]
Yahoo hit by largest cyber attack of all time in second mega-hack December 15, 2016 More than one billion Yahoo user accounts have been hacked after the search engine revealed it had been the victim of the largest cyber attack in history. The breach is the second mammoth attack on Yahoo uncovered this year and has affected more than double the number of accounts compared with a breach revealed in September [...]
Man pleads guilty to TalkTalk hack involvement at Old Bailey, as teenager gets 12-month youth rehabilitation order December 13, 2016 A man has today pleaded guilty to being involved in hacking TalkTalk customers' accounts in 2015. Daniel Kelley, 19, submitted his plea at London's Old Bailey this afternoon. Earlier today, a 17-year-old who admitted to hacking offences related to the 2015 data breach was handed a 12-month rehabilitation order and had his iPhone and PC hard [...]
Digital defence school to bolster UK’s cyber ranks December 4, 2016 Bletchley Park will again house the nation’s top talent as cyber security threats soar, writes Billy Bambrough Over 70 years since Alan Turing and his Bletchley Park colleagues made history during World War II by figuring out the Nazis’ enigma machine, code breakers are set to return to the now famous site. The National College [...]
Thousands of online accounts feared hacked at National Lottery operator Camelot November 30, 2016 National Lottery operator Camelot thinks 26,500 accounts have been hacked. The company said it didn't think its own systems had been compromised, but that players' login details had been pinched from elsewhere. It discovered "suspicious activity" after online security monitoring on Monday. "No money has been deposited or withdrawn from affected player accounts," it said [...]
Bletchley Park to house the UK’s next generation of cyber talent November 24, 2016 Renowned World War II codebreaking site Bletchley Park is going to play host to the next generation of the UK’s cyber experts. Under plans announced today the site is to be refurbished as country’s first National College of Cyber Security, with the first cohort of 16-19-year-olds expected from September 2018. The free-to-attend school will take on [...]
Tesco Bank’s perception goes into the red after security breach November 16, 2016 Last week, news broke of a security breach which compromised the accounts of Tesco Bank customers. It was reported that £2.5m had been stolen from 9,000 customer accounts, with the worst affected losing up to £1,500. In the immediate aftermath, the company suspended online and contactless transactions. YouGov brand tracking data shows us how the [...]
Boards still in denial over cyber risk, as bosses keen to pass the buck November 14, 2016 Boards still have their heads buried in the sand when it comes to cyber security, a new survey has found. The research commissioned by NCC Group, and seen exclusively by City A.M., found that just 13 per cent of chief executives thought they needed to take responsibility for the level of cyber risk in their company. [...]
Tesco Bank fraud tars UK financial image, warns home secretary Amber Rudd November 10, 2016 Scandals like the recent cyber attack on Tesco Bank risk damaging the UK's prized financial reputation, the home secretary has warned today. Speaking at a conference hosted by the Financial Conduct Authority (FCA), Amber Rudd cautioned that public confidence in financial institutions was rocked when such incidences occurred and the government saw cyber crime as a [...]