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Latest Finance News related to Cyber Crime

Financial fraud tops £768 million as impersonation scams and cyber attacks drive increase image
....“But as these figures indicate more can be done to prevent fraud by industry, Government and policing alike. With nearly half of all crime now either fraud or cyber crime we all need to ensure we make the UK a hostile place for fraudsters to operate. ...
Identity fraud reached record levels in 2016 image
Source : BBC [Read Article] Wednesday 15th of March 2017 01:00:52 AM
....". City of London Police Commander Chris Greany, who is national co-ordinator for economic crime, said: "With close to half of all crime now either fraud or cyber crime we all need to make sure we protect our identity. ...
Cyber security: Experts warn on rise of hacker ransoms image
Source : BBC [Read Article] Tuesday 14th of March 2017 08:05:46 AM
....The risk to business is "significant and growing", the National Crime Agency and National Cyber Security Centre say. The joint report from the NCA and the NCSC says cyber crime is becoming more aggressive. ...
UK fraud hits record £1.1bn as cybercrime soars image
Source : Guardian [Read Article] Tuesday 24th of January 2017 07:01:40 AM
. The value of fraud committed in the UK last year topped £1bn for the first time since 2011, prompting a warning about increasing cyber crime and the risk of more large-scale scams as the economy comes under pressure. ...
US cyber fraud: Three men accused of $4m insider deal image
Source : BBC [Read Article] Wednesday 28th of December 2016 08:52:27 AM
....Cyber criminals 'hacked law firms'. Can the technology sector keep up with cyber crime? (video). ...
Banking shortcomings make cyber crime the consumer's problem image
Source : Independent [Read Article] Tuesday 8th of November 2016 07:25:00 PM
You sent how much?! image
Source : BBC [Read Article] Thursday 29th of September 2016 11:04:27 PM
....Businesses can also protect against email fraud by ensuring staff question any messages requesting actions that seem unusual or aren't following normal procedures. "Employees should be encouraged to doublecheck everything they do," says Steve Proffitt, deputy head of Action Fraud, the UK's reporting centre for fraud and cyber crime. ...
Financial scam committed 'every 15 seconds' image
Source : BBC [Read Article] Monday 19th of September 2016 11:02:39 PM
.... . Fraud and cyber crime account for nearly half of all offences, according to the British Crime Survey. ...
Last minute Olympics tickets too good to be true, Which warns image
Source : Guardian [Read Article] Thursday 28th of July 2016 10:49:26 AM
.... Emails and calls from the Guardian were also not returned. Which? is reporting its concerns about this site to the City of London police and Action Fraud, the UK’s national reporting centre for fraud and cyber crime. ...
Why firming up cyber defences is good business image
Source : Daily Express [Read Article] Monday 7th of March 2016 04:00:00 PM
.... . “Protecting your business from cyber crime is good business because your customers want the reassurance that their data is safe in your hands. ...
VIDEO: Cyber crime: Can technology keep up? image
Source : BBC [Read Article] Friday 12th of February 2016 11:52:34 AM
. As cyber crime becomes more and more sophisticated, the technology sector has to work hard to keep up. ...
'I paid £5,190 for a car on eBay - where is it?' image
Source : Telegraph [Read Article] Sunday 10th of January 2016 07:12:35 AM
.... Your bank said it could not help as you had sent the money willingly. You contacted Action Fraud, the UK’s national fraud and cyber crime reporting centre on 0300 123 2040. ...
Bank of England adviser: 'Everyone should have two bank accounts in case of cyber attack' image
.... . Peter Hahn, senior fellow in banking at London's Cass Business School, and between 2009 and 2014 a senior adviser to the Bank of England, said cyber crime was a new and growing risk which tended to be "not discussed". ...
Black Friday 2015: How to avoid being scammed online image
Source : Telegraph [Read Article] Wednesday 25th of November 2015 08:46:45 AM
.... . According to cyber crime reporting organisation, Action Fraud, individuals and businesses lost over £16m during the Christmas period last year through online shopping and auction fraud - a 42pc increase from 2013. ...
TalkTalk confirms hackers stole details of 157,000 customers  image
Source : Daily Express [Read Article] Friday 6th of November 2015 10:06:00 AM
....The House of Commons culture, media and sport committee will start taking evidence later this month. Committee chairman Jesse Norman said: "The recent events have highlighted serious issues relating both to existing cyber security and the response to cyber crime. ...
Thousands of British Gas customers’ data leaked just days after TalkTalk and M&S image
Source : Daily Express [Read Article] Thursday 29th of October 2015 12:16:00 PM
....TalkTalk was last week targeted in a cyber attack in which it said bank account numbers and sort codes may have been accessed. A joint operation between the Met's cyber crime unit, the PSNI's cyber crime centre and the National Crime Agency is continuing to probe the incident. ...
TalkTalk restricts contract fee waivers image
Source : BBC [Read Article] Tuesday 27th of October 2015 07:49:11 AM
....Card details accessed were incomplete - with many digits appearing as an x - and "not usable" for financial transactions, it added. Business leaders have called for urgent action to tackle cyber crime in the wake of the TalkTalk attack. ...
Food industry greets cancer links with a shrug – it's been here before image
Source : Guardian [Read Article] Monday 26th of October 2015 07:37:54 PM
....The Payment Card Industry Data Security Standard (PCI DSS) is designed to protect financial data, but as the TalkTalk scandal unfortunately shows, cyber criminals may be trying to get their hands on your bank account details through other personal information. Harding should have known about the threat posed by cyber crime. ...
Boy, 15, arrested after TalkTalk hack image
Source : BBC [Read Article] Monday 26th of October 2015 07:35:00 PM
....Card details accessed were incomplete - with many numbers appearing as an x - and "not usable" for financial transactions, it added. Business leaders have called for urgent action to tackle cyber crime in the wake of the TalkTalk attack. ...
Driverless cars will be a boon for economies image
Source : Telegraph [Read Article] Friday 23rd of October 2015 07:30:51 PM
.... . Disputes over liability are a big challenge for driverless cars: who will be responsible if the car crashes? The manufacturer, the software maker or the owner? Critically, what happens if the cars or car system is hacked? And how can we stop cyber warfare against autonomous vehicles that are linked to each other via the internet? For the system to work, insurance payments would need to be made as promptly as they are today, and issues of liability worked out speedily behind the scenes by the various parties; meanwhile, the authorities need to help the industry crack down on the cyber crime and cyber terrorism of the sort that has just engulfed TalkTalk. ...
Latest scam – fraudsters claiming to be your boss image
Source : Telegraph [Read Article] Tuesday 20th of October 2015 07:26:14 AM
.... . The ruse is part of a wave of cyber crime to sweep the UK this year. ...
Don’t let the Dridex fraudsters catch you out online image
Source : Guardian [Read Article] Monday 19th of October 2015 06:00:13 AM
....While this attack was mainly aimed at businesses, individuals are also at risk from cyber attacks. More than 7m cyber crime offences are being committed each year, according to the Office for National Statistics, which included these figures in official crime reports for the first time on Thursday. ...
Cyber-attack warning after millions stolen from UK bank accounts image
Source : Guardian [Read Article] Tuesday 13th of October 2015 09:04:01 PM
....”. FBI executive assistant director Robert Anderson: “Those who commit cyber crime are very often highly skilled and can be operating from different countries and continents. ...
Legal career 'hit by vishing scam' image
Source : BBC [Read Article] Friday 2nd of October 2015 08:55:47 PM
.... . The story comes in the week that Financial Fraud Action UK (FFA), the body which co-ordinates the financial industry's response to cyber crime, reported that UK financial fraud losses rose 6% to £325m in the first six months of 2015. ...
Xi says China open to foreign companies image
Source : BBC [Read Article] Wednesday 23rd of September 2015 03:30:56 AM
. Chinese President Xi Jinping has sought to reassure US business leaders, in a wide-ranging speech covering China's economic reforms and cyber crime. ...
Barclays combating terrorism by hacking its own systems to find holes image
Source : Independent [Read Article] Wednesday 2nd of September 2015 03:23:56 PM
.... Then the red unit will do the same work, testing our ability to detect, to prevent, to resist,” Oerting told Bloomberg. More banks are said to be building red teams of spies and police that can bring expertise in the in-house fight against cyber crime. ...
Source : Reuters [Read Article] Friday 28th of August 2015 01:33:20 PM
. Investors are being poorly served by a haphazard approach from fund managers to the growing threat of cyber crime damaging the companies in which they invest, with a lack of clarity from the businesses themselves compounding the problem. ...
Britain’s stance on cyber crime is like driving a car without airbags image
Source : Telegraph [Read Article] Wednesday 26th of August 2015 04:15:01 AM
.... . Information sharing is critical to mitigating the corrosive and systemic risk of cyber crime, something that the UK has yet to fully acknowledge. ...
Privacy watchdog to probe Carphone data theft image
Source : Telegraph [Read Article] Sunday 9th of August 2015 01:41:52 PM
.... . A spokesman for the Metropolitan Police, which hosts the national unit responsible for investigating serious cyber crime, said officers were aware of the incident but an investigation had not been opened because Carphone had not reported a crime. ...
Carphone Warehouse hackers may have accessed 2.4m customers' data image
Source : Guardian [Read Article] Saturday 8th of August 2015 03:37:59 PM
.... “The firm is crawling all over our systems,” said a spokesman for Carphone Warehouse. It is not known whether the National Crime Agency’s national cyber crime unit, which leads the UK’s response on the issue, is involved. ...
The start-up catching white-collar criminals in the web's darkest places image
....” . The business of cyber crime has become so sophisticated that bidders will vie to undertake tasks, such as executing a denial of service attack – when hackers bring down a website by flooding it with users. ...
How much does it cost to insure against tragedy in the skies? image
Source : Independent [Read Article] Friday 27th of March 2015 12:58:07 AM
....  . “New-generation aircraft are highly exposed to cyber crime due to the prevalent use of data networks, on-board computer systems and navigation systems,” said Ludovic Arnoux, global head of aviation risk consulting at the insurer. ...
SMEs failing to guard against cyber attacks, Government warns image
Source : Telegraph [Read Article] Tuesday 24th of February 2015 05:00:30 AM
.... . The Government says several misconceptions still exist, including many bosses mistakenly assuming that only companies taking payments online are at risk of cyber crime and that small companies aren’t a target for hackers. ...
Banking bosses say a cyber attack is among their biggest fears image
Source : Telegraph [Read Article] Monday 16th of February 2015 04:11:01 PM
.... The Cabinet Office, which oversees the UK's cyber security efforts, said it was difficult to assess the overall damage done to British firms through online attacks. "[B]ased on current research available, the costs of cyber crime could reasonably be assessed to be at least several billion pounds per year," said a spokesperson. ...
Cyber Monday spending expected to hit £650 million in UK alone image
Source : Independent [Read Article] Monday 1st of December 2014 09:47:16 AM
....”. Security experts have warned consumers to be wary of cyber crime and take basic precautions as they shop as fraudsters and information criminals prepare for the rush. ...
Banks 'systematically understating' level of customer fraud image
Source : Telegraph [Read Article] Wednesday 5th of November 2014 08:48:40 PM
.... . Earlier in the day, the Cabinet Office Minister Francis Maude announced a collaboration between the Government and insurance groups to help businesses defend themselves against cyber crime. ...
How hackers stole millions from cashpoints around the world image
Source : Telegraph [Read Article] Tuesday 7th of October 2014 05:40:23 PM
.... . As The Telegraph revealed last week, influential MPs are investigating the issue amid fears customer data are at risk of cyber crime. ...
MPs investigate financial system's cyber weaknesses image
Source : Telegraph [Read Article] Saturday 4th of October 2014 08:30:36 PM
.... . The House of Commons Treasury Select Committee has held a series of high-level meetings with regulators and other experts on cyber crime in recent months and is working towards addressing the issue further in the coming months, the Telegraph understands. ...
FBI investigates alleged Russian cyber attack on Wall Street image
Source : Telegraph [Read Article] Wednesday 27th of August 2014 09:40:25 PM
.... The Telegraph reported this summer that the the biggest new threat to America's banking system was Evgeniy Bogachev, a hacking mastermind who was thought to be running the most sophisticated cybercrime network the world has ever seen from his home on Russia’s Black SE coast. His face appeared on the FBI "most wanted" page this summer and the total haul for his cyber crimes was estimated at more than $100 million. ...
Catch me if you can? Frank Abagnale is now the one busting fraudsters image
Source : Telegraph [Read Article] Saturday 16th of August 2014 01:30:56 PM
.... . Abagnale, now 66 and with a mop of white hair, says it has been designed to combat the latest craze in cyber crime: the theft of corporate identities in order to drain millions of pounds from well-stocked bank accounts. ...
Hiscox boss attacks new flood cover image
Source : Daily Express [Read Article] Tuesday 29th of July 2014 12:01:00 AM
....” . Hiscox, which has about 250,000 small and medium-sized business policyholders, has also launched a new product to support victims of cyber crime, with cover providing access to lawyers and IT experts. ...
The security group that guards the City's elite image
Source : Telegraph [Read Article] Saturday 19th of July 2014 04:00:27 PM
.... . The company also carries out corporate investigations, personnel screening and cyber crime assessment – the biggest day-to-day threat British business faces, Roddy claims. ...
Businesses need to wake up and smell the hackers image
Source : Independent [Read Article] Thursday 22nd of May 2014 11:00:00 PM
....The cost of hacking to businesses worldwide is escalating. A report on cyber crime and espionage by the Center for Strategic and International Studies in Washington last year estimated that it costs the global economy $300bn (£180bn) a year. ...
...."The Russian government is our customer, many governments are around the world. We help police investigate cyber crime, the FBI, Latin America, London police – every nation in Europe. ...

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