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....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. ... [Read full article on BBC ]
Wednesday 19th of April 2017 10:36:10 AM
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.... 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. ... [Read full article on Guardian ]
Monday 24th of April 2017 01:03:36 PM
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Latest Finance News related to 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%). ...
HSBC to freeze salaries and hiring in 2016 to cut costs image
Source : Guardian [Read Article] Sunday 31st of January 2016 04:41:24 PM
....An email was sent to staff on Friday detailing the latest cost-saving measures, according to the sources who spoke on condition of anonymity. Related: HSBC suffers online banking cyber-attack. ...
HSBC online banking failure: What you need to know image
Source : Telegraph [Read Article] Friday 29th of January 2016 01:46:23 PM
.... . However, HSBC is not alone - many of the major banks have struggled with technical glitches, hacking and cyber-attacks in recent years. ...
Source : Reuters [Read Article] Friday 29th of January 2016 12:13:03 PM
....Thousands of HSBC's UK customers were affected by a blackout on its personal banking online services in the first week of January. HSBC gave no explanation for that glitch but confirmed it was not due to a cyber-attack or malicious act. ...
Source : Reuters [Read Article] Friday 29th of January 2016 12:13:03 PM
.... . HSBC offered no explanation for the cause of that glitch but confirmed it was not due to a cyber-attack or malicious act. ...
Source : Reuters [Read Article] Friday 29th of January 2016 12:13:03 PM
....Thousands of HSBC's UK customers were affected by a blackout on its personal banking online services in the first week of January. HSBC gave no explanation for that glitch but confirmed it was not due to a cyber-attack or malicious act. ...
HSBC suffers online banking cyber-attack image
Source : Guardian [Read Article] Friday 29th of January 2016 11:51:15 AM
.... It is now working with the government-backed Computer Emergency Response Team, Cert-UK, to pursue the criminals responsible. News of the cyber-attack broke mid-morning a couple of hours after customers started reporting that they were unable to access their accounts. ...
TalkTalk call centre workers arrested image
Source : BBC [Read Article] Wednesday 27th of January 2016 07:35:17 PM
....The unnamed suspects do not work for TalkTalk directly but are instead employed by Wipro, a local call centre provider, in Kolkata (Calcutta). "Following the October 2015 cyber-attack, we have been conducting a forensic review to ensure that all aspects of our security are as robust as possible - including that of our suppliers," the company said. ...
Climate change fails to top list of threats for business leaders at Davos image
Source : Guardian [Read Article] Wednesday 20th of January 2016 05:00:09 AM
.... It also found a relative absence of concern about climate change and environmental risk amongst business leaders. Business leaders from developed countries listed fiscal crisis and cyber-attacks as their biggest concerns, while in emerging and developing economies the biggest concern was unemployment, underemployment and energy price shocks. ...
Britain is on the verge of an IT crisis image
Source : Telegraph [Read Article] Sunday 10th of January 2016 09:54:17 PM
.... The problems won’t just emerge in banking, but in cybersecurity and key corporate IT functions – the systems that keep major companies running – according to Jonathan Tate, PwC’s head of technology consulting in the UK. The cyber attacks that have hit TalkTalk and Carphone Warehouse, in which millions of people saw personal details compromised, could pail in significance compared to those that will hit in the future, as cyber-attacks become more common and more sophisticated, and the guardians required to defend against them are stretched. ...
Source : Reuters [Read Article] Wednesday 6th of January 2016 07:26:46 AM
....". While HSBC offered no explanation for the cause of the glitch, John Hackett, HSBC's UK Chief Operating Officer confirmed the outage was not due to a cyber-attack or any other malicious act, such as a Distributed Denial of Service (DDOS), a mechanism often used by cyber criminals trying to disrupt businesses and companies with significant online activities. ...
....". While HSBC offered no explanation for the cause of the glitch, John Hackett, HSBC's UK Chief Operating Officer confirmed the outage was not due to a cyber-attack or any other malicious act, such as a Distributed Denial of Service (DDOS), a mechanism often used by cyber criminals trying to disrupt businesses and companies with significant online activities. ...
HSBC customers vent fury over online banking disruption image
Source : Guardian [Read Article] Tuesday 5th of January 2016 10:57:59 AM
.... We are getting closer to solving the problem, but are not there yet. We can, however, confirm this is not a cyber-attack or any other malicious act. ...
HSBC's online banking platform goes down image
Source : Telegraph [Read Article] Tuesday 5th of January 2016 10:53:56 AM
.... We are getting closer to solving the problem, but are not there yet. We can, however, confirm this is not a cyber-attack or any other malicious act," a spokesman said. ...
HSBC still trying to fix online banking image
Source : BBC [Read Article] Tuesday 5th of January 2016 09:41:16 AM
....HSBC said it was not a distributed denial of service (DDOS) attack and was not caused by anything external. "This is not a cyber-attack or any other malicious act," said John Hackett, HSBC's UK chief operating officer. ...
Why we need to kill passwords image
Source : Telegraph [Read Article] Sunday 3rd of January 2016 10:54:37 PM
.... This has made our online lives less secure at the same time as the information we store there is more valuable. Now, a cyber-attack on one website, or an email phishing scam that forces gullible users into giving up their password, can allow hackers to infiltrate several other services. ...
Natwest and RBS customers hit by another banking glitch image
Source : Guardian [Read Article] Friday 1st of January 2016 05:48:17 PM
.... In September 2015, customers were hit by a technical problem that meant some could not withdraw cash or use their card in branches. In July, customers were locked out of their online bank accounts for nearly an hour, which RBS blamed on a cyber-attack. ...
TalkTalk hack could not have been prevented by government scheme image
Source : Guardian [Read Article] Tuesday 15th of December 2015 02:21:55 PM
....Giving evidence to the House of Commons culture, media and sport select committee, which has launched an inquiry into the most recent breach, CEO Dido Harding said that while TalkTalk was currently in the process of getting accreditation, she did not know if Cyber Essentials was a sufficient benchmark for protection. Related: Wetherspoon hack: customer details stolen in latest cyber-attack. ...
Cybersecurity experts 'charge £10,000 a day to protect UK's top firms' image
Source : Guardian [Read Article] Tuesday 8th of December 2015 12:01:22 AM
....Manpower said its own client database showed requests from employers looking for IT security expertise had quadrupled in 2015 compared with the previous year. Related: UK will hit back at terrorists with cyber-attacks, says Osborne. ...
Defence industry's stock rises as state budgets bid to meet terror threat image
....4bn each year, making Britain the world’s second-biggest arms exporter after the US. Allied to this, the security industry – which covers everything from policing cyber-attacks to controlling large events such as the Olympics – employs a further 71,000 people, earns £8. ...
TalkTalk customers remain at risk of attack after security experts uncover flaws image
. TalkTalk customers remain at serious risk of cyber-attacks due to gaping security holes in the company’s online services, weeks after the high-profile hack that saw the personal details of 157,000 customers stolen. ...
Wetherspoon hack: customer details stolen in latest cyber-attack image
Source : Guardian [Read Article] Friday 4th of December 2015 08:45:32 AM
....They cannot be fraudulently used, however, as only the last four digits of the card numbers were obtained by the hackers and not the customer name and expiry date, the company said. Related: TalkTalk cyber-attack sparks calls for new regulatory powers. ...
Plan UK suffers computer and data theft image
Source : Guardian [Read Article] Monday 30th of November 2015 03:43:47 PM
....Children’s charity Plan UK has suffered a data theft that could potentially result in its supporters, who include 90,000 people who sponsor a child, facing an increased risk of being targeted by fraudsters. However, unlike telecoms company TalkTalk, the charity has not been hit by a cyber-attack – instead it has fallen victim to an old-fashioned theft of computer equipment containing personal information such as supporter names, addresses, emails, bank account numbers and sort codes. ...
Cyber Monday: it's the most wonderful time of year for cyber-attackers image
Source : Guardian [Read Article] Saturday 28th of November 2015 12:09:10 PM
. This weekend kicks off the busiest shopping season in many parts of the world – and, starting Cyber Monday, the most popular season for cyber-attacks. ...
Second law firm considers group action against TalkTalk for cyber-attack image
Source : Guardian [Read Article] Thursday 19th of November 2015 05:10:02 PM
. A second law firm has announced it is considering bringing a group legal action against TalkTalk following the recent cyber-attack on the company’s website. ...
TalkTalk hack to cost up to £35m image
Source : BBC [Read Article] Wednesday 11th of November 2015 11:35:07 AM
VIDEO: TalkTalk cyber attack 'cost up to £35m' image
Source : BBC [Read Article] Wednesday 11th of November 2015 10:51:10 AM
. The cyber-attack on TalkTalk could cost it up to £35m in one-off costs, the company has said. ...
TalkTalk raises dividend as CEO reveals cyber-attack costs image
Source : Guardian [Read Article] Wednesday 11th of November 2015 09:59:08 AM
. Telecoms group TalkTalk is offering customers a free upgrade following the cyber-attack which left many of them panicking that money was being stolen from their accounts. ...
Three charged in largest US cyber-hack image
Source : BBC [Read Article] Tuesday 10th of November 2015 06:01:18 PM
. Prosecutors have charged three men relating to the largest cyber-attack of financial firms in US history. ...
TalkTalk customer reported data breach as early as 2013 image
Source : Guardian [Read Article] Sunday 8th of November 2015 02:09:54 PM
. Senior TalkTalk staff were warned as early as 2013 that fraudsters were accessing customers’ personal details – two years before the company fell victim to an external cyber-attack. ...
We can’t afford to squander the talents of half the UK. We need equal pay now image
.... The last quarter had seen record growth and she thought TalkTalk could run at 5% every year to 2017 and beyond. After the cyber-attack suffered by the company a fortnight ago, few in the City think it can be done. ...
Nearly 157,000 had data breached in TalkTalk cyber-attack image
Source : Guardian [Read Article] Friday 6th of November 2015 08:32:32 AM
. Almost 157,000 TalkTalk customers had their personal details hacked in last month’s cyber-attack on the telecoms company. ...
TalkTalk hack 'affected 157,000' image
Source : BBC [Read Article] Friday 6th of November 2015 07:35:22 AM
. TalkTalk has given more details of the cyber-attack on its website, saying nearly 157,000 of its customers' personal details were accessed. ...
Teenager arrested in Norwich over TalkTalk cyber-attack bailed image
Source : Guardian [Read Article] Wednesday 4th of November 2015 09:29:52 AM
....The teenager has been released on police bail until a date in March. He is the fourth person arrested in connection with the cyber-attack on the telecoms firm. ...

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