HSBC down: Bank’s online banking back up after cyber attack January 30, 2016 HSBC today confirmed its online banking is back up following a cyber attack which forced it to go offline yesterday. HSBC said it had "successfully defended" its systems against a distributed denial of service (DDoS) attack but was not able to fully restore services immediately as it continued to experience threats. At the end of what HSBC described as "quite [...]
Companies not doing enough to protect themselves from cybersecurity risks, believing their business will not be a target for attacks January 27, 2016 Despite business leaders' concerns about cybersecurity, companies are failing to protect themselves against risks, believing the worst will not happen to them. Research released today by insurer Aviva has found that two in five (44 per cent) small- and medium-sized businesses in the UK think the odds are unlikely of them being the target of a cyberattack [...]
FTSE 250-listed NCC Group share price soars on rising profits and sales boosted by cybercrime fears January 21, 2016 Cybersecurity firm NCC Group has reported soaring sales and profits as growing cybercrime fears drive its results skyhigh. The figures The FTSE 250-listed cybersecurity firm reported revenue up by 50 per cent to £93.5m in its half-year results to 30 November 2015. Adjusted operating profit was up 26 per cent to £15.7m, from £12.4m during [...]
Don’t rely on government to defeat cyber crime: Business needs to get its act together January 15, 2016 If 2015 taught us anything, it’s that it is now a question of when, not if, our data will be compromised. Therefore, 2016 must be the year that business gets serious about the importance of cyber security. From the chief executive down to the intern, everyone will need to see cyber security as a top priority [...]
Cybersecurity is a growing risk for businesses, as firms fret about the damage an incident could cause to their reputation January 13, 2016 Companies are becoming increasingly concerned about the impact cyber attacks could have on their business, particularly the effect they could have on their reputation. According to a survey of more than 800 risk managers and insurance experts from around the world released today by Allianz, cyber incidents ranked as the top risk to businesses in the [...]
The UK needs to better insure itself against the cyber-terrorism threat December 2, 2015 In the week after the devastating atrocities in Paris, the chancellor announced that infiltration of our online infrastructure ranks alongside “guns, bombs and knives” as a terrorist threat against which the UK needs urgently to defend itself. Elevating cyber-terrorism in such a public manner, backed up with commendably generous financial resources for our security services, [...]
One in five Brits has fallen victim to cybercrime in the last year, with a similar proportion having had their bank details stolen and used to make purchases November 23, 2015 One in five (22 per cent) Brits has fallen victim to cybercrime in the last year, according to a survey released today by security software company Norton by Symantec. The survey of more than 1,000 UK consumers also found that 44 per cent of people had suffered a cybersecurity incident at some point in their life. “We no [...]
Paris attacks: Government to ramp up terrorism and aviation security against Islamic State in wake of Friday night’s attacks November 16, 2015 The UK government has said it will "substantially" increase counter-terrorism resources against the threat posed by Islamic State as part of its five year security review, which will be unveiled next week. Chancellor George Osborne is expected to announce huge cuts across government departments as part of his Comprehensive Spending Review, but Number 10 revealed this morning [...]
The UK and US governments just conducted a huge cyber terrorism drill to test the resilience of the FCA, Bank of England and Treasury November 12, 2015 The UK and US governments have conducted a huge joint exercise, along with global financial firms, to see how well we'd respond to a "cyber incident" in the finance sector. The drill involved participants including the Bank of England, the Treasury, the Cabinet Office and the Financial Conduct Authority, the chancellor said today. The exercise [...]
I let myself be hacked by an ethical hacker and this is what I learned about cybersecurity November 4, 2015 Let me tell you this: it’s quite a disconcerting feeling to sign a form agreeing to let a hacker break into all your personal data. Even when it’s an ethical one. I’d agreed to let cybersecurity expert Ollie Whitehouse do his worst, and access as much of my information online as possible. But waiting to [...]