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 [...]
Fragile networks: Why the RBS computer glitch could happen anywhere July 10, 2012 RECENT events have been catastrophic for Royal Bank of Scotland (RBS). A computer glitch caused complete mayhem in its subsidiaries, leading to a collapse in the payments systems. Money was not processed, 17m customers were unable to access their accounts and pay their bills. An incident of this magnitude must surely have been caused by a [...]
IMF says it is investigating cyber attack June 13, 2011 THE IMF was last night investigating the cyber attack that may have accessed a wealth of sensitive documents and emails. Industry sources say a foreign government is the most likely origin of the attack, although no country or organisation has been named. An IMF spokesman confirmed the attack has taken place and said the organisation [...]
Senator calls for SEC hack probe February 8, 2011 A key lawmaker called on US securities regulators to work with criminal authorities to crack down on hackers following reports that cyber attackers have repeatedly tried to break into trading systems run by Nasdaq OMX Group. Senator Bob Menendez, a Democrat from New Jersey and a member of the Senate Banking Committee, sent a letter [...]
Google bans Windows over security fears June 1, 2010 GOOGLE is phasing out internal use of rival Microsoft’s Windows operating system because of security concerns following a Chinese hacking incident. The decision to move to other operating systems including Apple’s Mac OS and open-source Linux began in January after Google’s Chinese operations were hacked. Internet security firm McAfee said the cyber attacks on Google [...]