Cyber Monday UK 2014: A great day for online shoppers – and for internet crime November 30, 2014 Today is Cyber Monday, the busiest online shopping day in the retail calendar, as consumers continue to cash in on Black Friday discounts and get their Christmas orders in. With consumers expecting fast turnarounds of online purchases, retailers will no doubt be concerned about supply chains and channels to market – one wrong move could [...]
76m JPMorgan customer accounts hacked in massive cyber attack October 3, 2014 JPMorgan, America's biggest bank, has been a victim to a major data breach, affecting millions. 76m households and seven million small businesses may have had their private data compromised by the cyber attack which gathered accounts holders' names and addresses. The attack targeted users of the websites Chase.com and JPMorganOnline, and the apps ChaseMobile and [...]
FBI brought in to probe cyber attack on JPMorgan Chase August 28, 2014 JPMorgan Chase yesterday said it was investigating a possible cyber attack and was working with the FBI to determine the scope of the hack. Bank spokeswoman Trish Wexler said JPMorgan was taking additional steps to safeguard sensitive or confidential information, though it did not see unusual fraud activity at this time. JPMorgan disclosed the investigation [...]
How cyber attacks could derail the fragile M&A boom August 18, 2014 IT WAS one of the darkest days for mergers and acquisitions (M&A) in Wall Street history. The collapse of five mega-deals earlier this month, for reasons ranging from a lack of board engagement to excessive regulatory interference, demonstrates the fragility of the current M&A boom. Already this year, 339 deals worth $428bn (£256bn) have collapsed [...]
International tensions heighten cyber security risks for business July 23, 2014 Heightened geopolitical tensions are increasing the risk of cyber attacks, an international cyber security expert has warned. As the the downing of MH17 and the ongoing hostilities in Gaza deepen global tensions, Malcolm Marshall, UK and global lead in KPMG’s cyber security practice, says that cyber attacks are rapidly becoming the new battleground of international [...]
Crime’s collapse masks the march of the cyber criminal April 23, 2014 IN AN era of squeezed budgets and public services under pressure, the police service continues to defy expectations. Yesterday had more good news, with data from A&E departments indicating a dramatic reduction in violent crime. A new study, led by professor Jonathan Shepherd at Cardiff University, found a 12 per cent fall in injuries due [...]
Banks warned cyber attacks still a big threat February 5, 2014 BANKS need to better co-ordinate their response to any future cyber attack if they are to resist the assault and keep key systems functioning, a test of the industry’s capabilities has revealed. Finance firms are more open about such attacks than they used to be, the simulation – dubbed Waking Shark 2 – found, but [...]
Shark-hunters: BBA mulls new role fighting crime February 5, 2014 Cybercrime is top of the Bank of England’s list of threats to financial services, and the British Bankers’ Association (BBA) could be appointed to fight attacks on the system. Rogue states, terrorists or criminals could all try to take down the payments infrastructure, and today a report was published on Waking Shark 2, a trial [...]
Theft spree left retailers £511m short last year January 20, 2014 UK RETAILERS faced a rising tide of crime last year as the number of thefts hit its highest level in nine years. Meanwhile the average value of loss soared 62 per cent to £177 for each incident. The British Retail Consortium, which conducts an annual retail crime survey, said retailers now invest an average of [...]
StanChart says private bank client data stolen December 5, 2013 BANK statements for almost 650 of Standard Chartered’s private banking clients have been found on the laptop of an alleged website hacker in Singapore, the police and the firm said yesterday. Standard Chartered said the February 2013 monthly statements for 647 of its clients were stolen, taken from the server of Fuji Xerox which provides [...]