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. The alleged mastermind behind a series of cyber-attacks on Lloyds and Barclays banks that disrupted up to 20 million accounts has been extradited from Germany to face charges in the UK. ... [Read full article on Guardian ]
Wednesday 30th of August 2017 07:27:14 PM
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Latest Finance News related to Cyber-attack

Alleged mastermind behind bank cyber-attacks extradited to UK image
Source : Guardian [Read Article] Wednesday 30th of August 2017 07:27:14 PM
. The alleged mastermind behind a series of cyber-attacks on Lloyds and Barclays banks that disrupted up to 20 million accounts has been extradited from Germany to face charges in the UK. ...
Pilotless planes: what you need to know image
Source : Guardian [Read Article] Monday 7th of August 2017 02:54:35 PM
.... In 2015, hackers demonstrated they could take control of a Jeep over the internet and crash it. “Automated aircraft would be at risk of cyber-attacks,” says Landells. ...
Air passengers wary of pilotless planes – even if they lead to lower fares image
.... However, every single day pilots have to intervene when the automatics don’t do what they’re supposed to. Automated aircraft would be at risk of cyber-attacks. ...
Sports Direct loses biggest independent investor image
Source : Guardian [Read Article] Thursday 3rd of August 2017 05:40:54 PM
....The report also lists a range of risks that could harm the business. Ashley is defending the business from cyber-attacks with “external penetration testing” and on Brexit he has begun “negotiations with lenders” and is monitoring “movements in customer behaviour”. ...
TNT parcels 'backed up to ceiling' in wake of massive cyberattack image
Source : Guardian [Read Article] Tuesday 25th of July 2017 05:34:00 AM
. Parcels are backing up at TNT depots in their thousands after the company admitted it is still struggling to deal with the aftermath of June’s cyber-attack that crippled IT systems around the world. ...
Lloyd's says cyber-attack could cost $120bn, same as Hurricane Katrina image
. Lloyd’s of London has warned that a serious cyber-attack could cost the global economy more than $120bn (£92bn) – as much as catastrophic natural disasters such as Hurricanes Katrina and Sandy. ...
AB Foods lifted by Primark sales boost image
Source : BBC [Read Article] Thursday 6th of July 2017 08:19:29 AM
....93 in early trade. Shares in consumer health giant Reckitt Benckiser fell 2% after the company cut its revenue growth forecast as a result of last week's cyber-attack. ...
Massive cyber-attack could cost Nurofen and Durex maker £100m image
Source : Guardian [Read Article] Thursday 6th of July 2017 07:38:33 AM
. Some of the world’s biggest companies are counting the cost of lost business following last week’s “NotPetya” ransomware cyber-attack, with Nurofen maker Reckitt Benckiser taking an estimated £100m hit in revenue. ...
We have fixed issues that caused financial crisis, says Mark Carney image
....”. The FSB chairman said there were still issues to be addressed, such as the risks posed by developments in financial technology (fintech) and the increased vulnerability of digital systems to cyber-attack. ...
Trains, planes and automobiles: the transport systems embracing smart tech image
....Following the recent IT collapse at British Airways due to human error, there are concerns being raised about reliance on the internet. In addition, recent attacks on businesses and the NHS have highlighted the issue of cyber-attacks on transport systems. ...
UK energy industry cyber-attack fears are 'off the scale' image
Source : Guardian [Read Article] Sunday 25th of June 2017 04:20:06 PM
. Concern over the threat posed by cyber-attacks on power stations and electricity grids is “off the scale” in the UK energy sector, according to a leading industry figure. ...
British Airways owner loses £170m in value after IT meltdown image
Source : Guardian [Read Article] Tuesday 30th of May 2017 09:01:05 AM
....BA’s chief executive, Alex Cruz, who has faced calls to resign, apologised to customers and promised a full investigation into the IT disaster. He said there was no evidence there had been a cyber-attack. ...
Electronic voting image
Source : BBC [Read Article] Monday 29th of May 2017 11:29:41 PM
....However, security software company Symantec says individual voters are not at any real risk, and it has not seen a single incident of external attackers interfering with voters. Symantec believes large-scale attackers - including state-sponsored hackers - prefer to target political systems more generally, for example, the cyber-attack on the US Democratic Party in 2016. ...
British Airways CEO will not resign despite 'catastrophic' IT failure image
....He told the BBC this had affected “all the operating of our systems – baggage, operations, power processing. ” Backup systems that should have kicked in also failed, he said, adding that there was no evidence of a cyber-attack and “there has been no corruption or any compromise of any customer data. ...
WannaCry ransom notice analysis suggests Chinese link image
Source : BBC [Read Article] Monday 29th of May 2017 02:12:57 PM
....The English text also used some unusual phrases such as: "But you have not so enough time". The WannaCry cyber-attack infected more than 200,000 computers in 150 countries, affecting government, healthcare and private company systems. ...
British Airways could face £100m compensation bill over IT meltdown image
.... There were no cancellations at Gatwick but some passengers experienced delays. The glitch is believed to have been caused by a power supply issue and there is no evidence of a cyber-attack, the airline said. ...
British Airways: turmoil continues after IT failure grounds flights image
....”. The glitch is believed to have been caused by a power supply issue and there is no evidence of a cyber-attack, the airline said. ...
WannaCry lessons image
Source : BBC [Read Article] Thursday 18th of May 2017 11:02:01 PM
. The WannaCry cyber-attack infected more than 200,000 computers in 150 countries, affecting government, healthcare and private company systems. ...
WannaCry attack lifts shares in cybersecurity firm Sophos to record high image
....Shares hit a fresh record high after Sophos, a cloud network security specialist that counts the NHS among its clients, reported a sharp rise in billings and predicted strong growth over the next few years. Kris Hagerman, the chief executive, said the cyber-attack was a “wakeup call to the whole world”. ...
Global stock markets: what's driving the record rises – and will they continue? image
....Global stock markets are hitting new peaks, with the FTSE 100, Germany’s Dax, the S&P 500 in the US and MSCI’s World Index, which tracks equities across the globe, all at record highs. Investors are shrugging off worries about flashpoints such as North Korea, the uncertainty over the global political situation and latterly the WannaCry cyber-attack to snap up shares. ...
WannaCry ransomware cyber-attacks slow but fears remain image
Source : BBC [Read Article] Monday 15th of May 2017 10:38:57 AM
....The badly affected National Health Service said seven out of 47 trusts that were hit were still facing serious issues. French carmaker Renault said its plant in the northern town of Douai would not reopen on Monday as it dealt with the cyber-attack. ...
Microsoft warns ransomware cyber-attack is a wake-up call image
Source : BBC [Read Article] Sunday 14th of May 2017 10:14:59 PM
. A cyber-attack that has hit 150 countries since Friday should be treated by governments around the world as a "wake-up call", Microsoft says. ...
Cyber-attack image
Source : BBC [Read Article] Sunday 14th of May 2017 09:44:03 PM
. Experts are warning that there could be further ransomware cases this week after the global cyber-attack. ...
NHS cyber-attack: More ransomware cases 'likely on Monday' image
Source : BBC [Read Article] Sunday 14th of May 2017 06:41:08 PM
. More ransomware cases may come to light on Monday, possibly on "a significant scale", the UK's cyber-security agency has warned after a global cyber-attack. ...
Ransomware cyber-attack threat escalating - Europol image
Source : BBC [Read Article] Sunday 14th of May 2017 11:28:23 AM
. Friday's cyber-attack has affected more than 200,000 victims in 150 countries, Europol chief Rob Wainwright says. ...
Next cyber-attack could be imminent, warn experts image
Source : BBC [Read Article] Sunday 14th of May 2017 03:05:05 AM
. Another major cyber-attack could be imminent after Friday's global hit that infected more than 125,000 computer systems, security experts have warned. ...
Cyber-attack: Europol says it was unprecedented in scale image
Source : BBC [Read Article] Saturday 13th of May 2017 03:46:13 PM
. A cyber-attack that hit organisations worldwide including the UK's National Health Service was "unprecedented", Europe's police agency says. ...
Nissan's Sunderland plant hit by cyber-attack image
Source : BBC [Read Article] Saturday 13th of May 2017 01:25:59 PM
Massive ransomware infection hits computers in 99 countries image
Source : BBC [Read Article] Friday 12th of May 2017 03:36:47 PM
. A massive cyber-attack using tools believed to have been stolen from the US National Security Agency (NSA) has struck organisations around the world. ...
Guardian Soulmates users hit with spam after data exposure image
....Data made available by the exposure could have been used in a variety of ways by scammers, said Prof Alan Woodward, a cyber-security expert at the University of Surrey. He pointed out that Guardian Soulmates was the latest in a long line of incidents where users' personal data has been made public either accidentally or following cyber-attacks. ...
Why the global markets are ignoring the global turmoil | Nouriel Roubini image
.... But how will North Korea react to being militarily decapitated?. One answer is that it could launch a cyber-attack of its own. ...
Debenhams Flowers data breach hits 26,000 image
Source : BBC [Read Article] Friday 5th of May 2017 03:58:43 PM
. Retailer Debenhams has said that up to 26,000 customers of its Flowers website have had their personal data compromised following a cyber-attack. ...
Reacting to technological threats isn't enough – we need to plan for them | Michael Boskin image
.... Too often, governments become entangled in narrow and immediate disputes, such as that between the FBI and Apple, and lose sight of future risks and challenges. That can create space for something really ugly to occur, such as, say, a cyber-attack that knocks out an electrical grid. ...
'Nearly half' of firms had a cyber-attack or breach image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:36:10 AM
....Less than a third (29%) had assigned a specific board member to be responsible for cybersecurity. Businesses' susceptibility to cyber-attacks was a known issue, noted Prof Andrew Martin at the University of Oxford. ...
Hackers attacked one in five UK firms last year, survey finds image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:01:21 AM
.... A report by the British Chambers of Commerce (BCC) found that only 24% of businesses said they had security in place to guard against hacking, despite the rising danger of attacks and increasing publicity about the threat. Larger companies, defined as those with at least 100 staff, were more susceptible to cyber-attacks, with 42% of big businesses falling victim to cybercrime, compared with 18% of small companies. ...
Brexit vote site may have been hacked, MPs say in report image
Source : BBC [Read Article] Wednesday 12th of April 2017 10:55:39 AM
.... . "The implications of this different understanding of cyber-attack, as purely technical or as reaching beyond the digital to influence public opinion, for the interference in elections and referendums are clear," the report added. ...
Bogus boss scam image
Source : BBC [Read Article] Thursday 30th of March 2017 11:05:39 PM
.... . And Amar Singh, chief executive of the Cyber Management Alliance, an organisation that trains managers on how to plan for and respond to cyber-attacks, calls for "pragmatic paranoia". ...
Yahoo chief executive Marissa Mayer could land $23m payout image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:22:07 PM
....48bn (£3. 7bn) last month as a result of the cyber-attacks suffered by Yahoo. ...
Machines v hackers image
Source : BBC [Read Article] Friday 10th of March 2017 12:33:10 AM
.... . Mr McCalla says Turing helped analyse what happened during the cyber-attack on Lloyds Bank in January that left thousands of customers unable to access the bank's services. ...
Inside the TalkTalk 'Indian scam call centre' image
Source : BBC [Read Article] Monday 6th of March 2017 11:47:00 AM
....In addition, a victim of the fraud shown the call centre script has confirmed it matched the one read out to her when she was conned out of £5,000. TalkTalk was hit by a cyber-attack in October 2015, but that hack appears to be unrelated to the Indian fraud. ...
Falling DVD sales put boot into profits at Sony Pictures image
Source : Guardian [Read Article] Friday 3rd of February 2017 04:16:33 PM
....Sony has said that despite its difficulties it has no plans to sell its film operation. The writedown caps a difficult few years for the studio, which was humiliated by a cyber-attack in 2014 and whose chief executive, Michael Lynton, stepped down last month to become chairman of Snapchat app-maker Snap. ...
TalkTalk chief executive Dido Harding to step down image
Source : Guardian [Read Article] Wednesday 1st of February 2017 07:40:12 AM
. Dido Harding, the chief executive of TalkTalk, is to stand down 18 months after the company was hit by a cyber-attack affecting tens of thousands of customers. ...
Lloyds bank accounts targeted in huge cybercrime attack image
Source : Guardian [Read Article] Monday 23rd of January 2017 12:20:26 PM
....In January last year, HSBC’s internet banking facility was made unavailable following a DOS attack, but no transactions were affected. In 2015, Royal Bank of Scotland revealed it suffered a cyber-attack on its online services that left customers struggling to log on for nearly an hour – just as monthly pay cheques were arriving in accounts. ...
The Fourth Industrial Revolution review – adapt to new technology or perish image
.... The dream of networking ordinary objects with cheap processors and wireless communication comes under the rubric of “the internet of things”, which is (or ought to be) short for “the internet of things that should not be connected to the internet”. Inevitably, some bored teen will hack your smart fridge to flood your kitchen while you’re away; the more urban infrastructure is computerised, the more vulnerable it will be to cyber-attack. ...
'A major bank will fail' image
Source : BBC [Read Article] Friday 6th of January 2017 12:06:14 AM
GCHQ asked to step up action against cyber-attack threat to financial services image
. More action may be needed to protect the financial services industry from a devastating cyber-attack, the head of the Treasure select committee has suggested. ...
Yahoo hack image
Source : BBC [Read Article] Thursday 15th of December 2016 02:16:51 PM
.... Many use convincing letterheads, logos and language to make them look all the more legitimate. About 75% of all cyber-attacks have a financial motive, suggest figures gathered by Verizon for its annual data breach incident report. ...
Football tax review called for by HMRC chief image
Source : BBC [Read Article] Wednesday 7th of December 2016 04:12:44 PM
.... . The statement added that the allegations stemmed from a cyber-attack earlier this year on some sports agents, details of which were prohibited by a Spanish court from being published. ...
Venezuela issues new banknotes after inflation image
Source : BBC [Read Article] Sunday 4th of December 2016 05:37:33 PM
....On Friday, Venezuela's credit card and cash machine system froze, leaving businesses unable to process transactions and having to ask for cash or to delay payment. Socialist President Nicolas Maduro blamed the problem on a cyber-attack. ...
Venezuela to issue new bolivar banknotes after dramatic fall in value image
Source : Guardian [Read Article] Sunday 4th of December 2016 04:49:40 PM
.... Unable to process transactions, businesses asked customers to use cash, transfers or pay later. The president, Nicolás Maduro, blamed the problems on a cyber-attack, but he did not provide any evidence. ...
Tesco Bank cyber attack involved guesswork, study claims image
Source : Guardian [Read Article] Friday 2nd of December 2016 12:01:00 AM
....Ali said MasterCard’s centralised network was able to detect a guessing attack after fewer than 10 attempts, even when those payments were distributed across multiple networks. The team said this guessing attack method was likely to have been used in the Tesco cyber-attack, and was “frighteningly easy if you have a laptop and an internet connection … The risk is greatest at this time of year, when so many of us are purchasing Christmas presents online. ...
Loans boss paid hackers to attack consumer website, court told image
Source : Guardian [Read Article] Monday 21st of November 2016 03:48:44 PM
....Frazer-Mann tracked down hackers on an online forum about hacking and paid one to try to take the website down, though it did not work. He also paid £2,000 to hackers to mount cyber-attacks against the websites of competitors. ...
Tesco Bank attack's knock-on effects could be severe image
Source : Guardian [Read Article] Monday 7th of November 2016 07:30:04 PM
.... Third, Tesco Bank doesn’t have any costly branches. That backdrop is important as Tesco Bank suffers an online bank robbery that, on the sketchy details to date, looks bigger and more alarming than any recent cyber-attack in the sector. ...
Tesco Bank fraud: key questions answered image
Source : Guardian [Read Article] Monday 7th of November 2016 11:41:29 AM
.... One customer said this was not the first time it had happened, and that it was “Time to move to a secure bank”. Two years ago the Bank of England warned that banks were not taking the threat of cyber-attacks seriously enough, and experts have warned that they could fall victim to different types of fraud. ...
Smart home threat image
Source : BBC [Read Article] Thursday 27th of October 2016 11:10:24 PM
....Interestingly, the company recently acquired Israeli start-up Dojo-labs and will soon announce a smart network security device that plugs in to a wi-fi router to protect all connected devices on a home network. All internet traffic on the home network is routed via Dojo, allowing it to secure the network against cyber-attacks and protect the user from privacy breaches. ...
NatWest and RBS debit cards declined due to technical glitch image
Source : Guardian [Read Article] Friday 14th of October 2016 03:30:24 PM
....In September 2015, NatWest and RBS customers were hit by a technical problem that meant some could not withdraw cash or use their card in branches. In July 2015, customers were locked out of their online bank accounts for nearly an hour, which RBS blamed on a cyber-attack. ...
Fraud soars by 53% in a year as scammers get sophisticated image
Source : Guardian [Read Article] Monday 19th of September 2016 11:01:44 PM
....The new campaign is designed to remind people “that it pays to stop and think” before they respond to any financial requests and share any personal details. Its launch came a day after separate research claimed that one in 10 people have been the victim of a cyber-attack on their credit or debit card in the last year. ...
Pursuing the pirates image
Source : BBC [Read Article] Thursday 8th of September 2016 11:01:27 PM
....Professional hackers break in online, steal ships' manifestos and sell them on the dark web. This is why the pirates know exactly where to look, "down to the bar code and serial number of the shipping container, in some cases," says Bryan Sartin, managing director of US company Verizon Risk, which investigates data breaches and cyber-attacks. ...
Asian companies have world's worst cybersecurity says study image
Source : BBC [Read Article] Wednesday 24th of August 2016 10:59:11 PM
. Many Asian organisations are badly defended against cyber-attacks, a year-long investigation by US security company Mandiant indicates. ...

Democrats hacked again with private contact details of party’s members of House of Representatives posted online
 image
. The personal contact details of nearly every Democrat member of the House of Representatives have been posted online after the party was the victim of yet another cyber-attack. ...
Bitfinex users to share 36% of bitcoin losses after hack image
Source : BBC [Read Article] Monday 8th of August 2016 01:06:07 PM
. People who stored bitcoins at a popular exchange have been told they will lose 36% of their assets following a cyber-attack. ...
US sentences Chinese hacker for stealing military information image
Source : BBC [Read Article] Thursday 14th of July 2016 01:50:38 AM
....The hack had targeted information on transport planes and fighter jets that was then offered for sale to Chinese companies. China and the US have regularly swapped accusations about who is behind the cyber-attacks they each suffer. ...
Federal Reserve was hacked more than 50 times in the past five years image
Source : Guardian [Read Article] Wednesday 1st of June 2016 05:08:21 PM
.... Lewis reviewed the files at the request of Reuters. The records represent only a slice of all cyber-attacks on the Fed because they include only cases involving the Washington-based Board of Governors, a federal agency that is subject to public records laws. ...
TalkTalk profits halve after cyber-attack image
Source : Guardian [Read Article] Thursday 12th of May 2016 08:42:23 AM
. TalkTalk profits more than halved following a cyber-attack in which the personal details of thousands of customers were hacked. ...
The detective inspector leading the charge against cybercrime image
Source : Guardian [Read Article] Tuesday 29th of March 2016 09:07:06 AM
....Smith uses an online attack map to make her point on YouTube and kicks off presentations with an attention-grabbing look at the computer-aided crime wave happening in real time. “It looks like electronic battleships but unfortunately it shows live cyber-attacks,” she explains. ...
Lloyd's boss says manmade risks are bigger threats than natural disasters image
Source : Guardian [Read Article] Wednesday 23rd of March 2016 09:06:55 AM
. The chief executive of insurance market Lloyd’s of London has warned that manmade risks such as terrorism, cyber-attacks and climate change had become bigger threats than natural disasters. ...
UK businesses battling huge rise in cybercrime, report says image
Source : Guardian [Read Article] Thursday 25th of February 2016 12:01:17 AM
....”. He warned that UK businesses are not doing enough to develop a talent pool of people equipped to deal with online fraud and other forms of cyber-attack. ...
Crime, terrorism and tax evasion: why banks are waging war on cash | Paul Mason image
.... First, resilience. If a cyber-attack or computer malfunction took down a digital-only payment system, there would be no cash reserves in households and businesses to fall back on. ...
Parents urged to boycott VTech toys image
Source : BBC [Read Article] Wednesday 10th of February 2016 09:51:29 AM
...."A lot of eyes are on VTech because nothing on this kind of scale has happened in the toy industry before," said Billy Langsworthy, editor of the Toy News trade magazine. "Toy firms need to be aware that these kinds of cyber-attacks are going to become more common, so right from how they set up their security to how they deal with the PR of a breach is something that this sector is going to have to look at. ...
Huge rise in hack attacks as cyber-criminals target small businesses image
Source : Guardian [Read Article] Monday 8th of February 2016 07:20:10 AM
....Stephen Ridley, acting head of technology, cyber and data for insurance company Hiscox UK and Ireland and a member of the Cyber Streetwise Forum, claims many SMEs still have much to do in order to protect themselves. “Many small businesses are starting to appreciate the potential severity of cyber-attacks. ...
Hackers in China attack 20m accounts on Alibaba's Taobao shopping site image
Source : Guardian [Read Article] Thursday 4th of February 2016 05:46:02 PM
....An Alibaba spokesman on Thursday said the company detected the attack in “the first instance”, reminded users to change passwords, and worked closely with the police investigation. Chinese companies are grappling with a sharp rise in the number of cyber-attacks, and cybersecurity experts say firms have a long way to go before defences catch up to US counterparts. ...
TalkTalk counts costs of cyber-attack image
Source : Guardian [Read Article] Tuesday 2nd of February 2016 09:50:51 AM
. TalkTalk lost 101,000 customers and suffered costs of £60m as a result of a cyber-attack on the company in October, but said business was returning to normal. ...
Cost of UK retail crime soars to a record £613m image
Source : Guardian [Read Article] Monday 1st of February 2016 12:01:12 AM
....Survey respondents – which account for 51% of the retail sector by turnover – pointed to the rise in the use of specialist equipment such as de-taggers and foil-lined bags to avoid detection, with 40% of crimes attributed to gangs, often working in groups. Fraud, including the burgeoning waves of online cyber-attacks, is also on the rise, the report said – up by 55% and, significantly, now accounting for more than a third of the cost of crime against retailers (36%). ...

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