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Latest Finance News related to Security Breach

India's Zomato says data from 17 million users stolen image
Source : BBC [Read Article] Thursday 18th of May 2017 07:43:26 AM
....Zomato said "no payment information or credit card data has been stolen/leaked" as they were stored in "highly secure" digital vaults. The firm said it appeared that "an internal (human) security breach" had led to the theft of the data. ...
Outgoing Yahoo chief executive Marissa Mayer will likely get $186m payout image
....When Mayer, one of Google’s earliest recruits, joined Yahoo in 2012, her hiring was deemed a major coup for the already struggling internet pioneer. But she presided over a series of ill-timed purchases, as well as major security breaches, that have left Yahoo in a worse state than when she joined. ...
Marissa Mayer to make $184m from Yahoo's sale to Verizon image
Source : BBC [Read Article] Tuesday 25th of April 2017 12:31:32 PM
....That figure was later cut to $4. 5bn after the company disclosed last autumn that it had been the victim, in 2013 and 2014, of two huge security breaches, the second of which affected the accounts of more than a billion customer accounts. ...
'Nearly half' of firms had a cyber-attack or breach image
Source : BBC [Read Article] Wednesday 19th of April 2017 10:36:10 AM
. Nearly half (46%) of British businesses discovered at least one cybersecurity breach or attack in the past year, a government survey has indicated. ...
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
....Marshall added: “Companies are reporting a reliance on IT support providers to resolve cyber-attacks. More guidance from government and police about where and how to report attacks would provide businesses with a clear path to follow in the event of a cybersecurity breach and increase clarity around the response options available to victims, which would help minimise the occurrence of cybercrime,” he said. ...
Yahoo chief executive Marissa Mayer could land $23m payout image
Source : BBC [Read Article] Tuesday 14th of March 2017 03:22:07 PM
....9m) payout if she loses her job as part of the takeover of the company by Verizon. The sale of Yahoo's core internet assets to Verizon, delayed after Yahoo suffered two data security breaches, is expected to go through later this year. ...
Has TalkTalk’s security been breached yet again? image
Source : Guardian [Read Article] Saturday 11th of March 2017 06:59:27 AM
.... Despite repeated reassurances by the telecoms provider that it now has a tight grip on security, some customers claim they are receiving calls from what they believe to be scammers, armed with details about router numbers and passwords, which they say could only have come from within the company. While TalkTalk insists it has not been a victim of a fresh theft or security breach, the BBC reported this week that it had been contacted by three Indian whistleblowers who claim to have been among hundreds of staff using stolen UK TalkTalk data (although the BBC did admit it couldn’t verify the claims). ...
Yahoo boss Marissa Mayer loses millions in bonuses over security lapses image
Source : Guardian [Read Article] Thursday 2nd of March 2017 01:24:37 AM
. Yahoo chief executive Marissa Mayer will lose her annual bonus and the company’s top lawyer has been removed over their mishandling of security breaches that exposed the personal information of more than 1 billion users. ...
Tim Wu: ‘The internet is like the classic story of the party that went sour’ image
.... There was a hard, if old lesson in the fate of the web, namely, that to preserve anything public spirited takes more than good vibes – it requires some really hard-line institutional structure to maintain spaces that bring out the best in us. Looking back at the 00s, the great mistake of the web’s idealists was a near-total failure to create institutions designed to preserve that which was good about the web (its openness, its room for a diversity of voices and its earnest amateurism), and to ward off that which was bad (the trolling, the clickbait, the demands of excessive and intrusive advertising, the security breaches). ...
Sony Music sorry after hoax 'Britney Spears dead' tweet image
Source : BBC [Read Article] Tuesday 27th of December 2016 03:42:35 AM
.... It tweeted: "Rest in peace @britneyspears" around the time of the fake Sony tweets. After the tweets were published, a group called OurMine appears to have gained access to the Sony Music account and pointed out the security breach. ...
GCHQ asked to step up action against cyber-attack threat to financial services image
....5m had been stolen from 9,000 accounts in an incident which raised fresh concerns about the methods used by financial services firms to detect cyber-attacks. Two-thirds of all major UK companies – not just financial services firms – have reported security breaches in the last year. ...
Labour demands answers after Camelot pays £3m penalty for fraudulent claim image
....”. He said the culture, media and sport secretary, Karen Bradley, had been asked on Thursday about security breaches at the National Lottery. ...
Yahoo hack: 1bn accounts compromised by biggest data breach in history image
Source : Guardian [Read Article] Wednesday 14th of December 2016 10:25:31 PM
....Yahoo said the stolen user account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords and, in some cases, encrypted or unencrypted security questions and answers. After Yahoo revealed the smaller – but still historic – security breach in September, six US senators sent Yahoo a letter demanding the company reveal exactly when it had learned of the intrusion. ...
Tesco Bank cyber-thieves stole £2.5m from 9,000 people image
Source : Guardian [Read Article] Tuesday 8th of November 2016 10:10:43 PM
.... He said he was confident that Tesco knew which customers were affected by the incident which began to unfold on Saturday night when the bank began texting customers about unusual activity from their accounts. A number of theories have circulated about the cause of the problem, including that it was caused by an internal security breach. ...
Tesco Bank cyber raid 'unprecedented', says financial regulator image
Source : Guardian [Read Article] Tuesday 8th of November 2016 11:48:52 AM
....Bailey indicated that Tesco would not be able turn those facilities back on until it was confident it knew the service was safe for customers. A number of theories have circulated about the cause of the problem, including that it was caused by an internal security breach. ...
Tesco Bank attack's knock-on effects could be severe image
Source : Guardian [Read Article] Monday 7th of November 2016 07:30:04 PM
....Judgment must be reserved until full details are clear. But it seems quite likely the fine for the security breach could easily be bigger than the accumulated profits Tesco Bank has made from current accounts to date. ...
Millions of Indian debit cards 'compromised' in security breach image
Source : BBC [Read Article] Friday 21st of October 2016 07:39:57 AM
....The National Payments Corporation of India (NPCI), which controls all retail payments systems in India, confirmed in a statement that there was a "possible compromise at one of the payment switch provider's systems". A security breach of this scale is likely to create a lot of negative sentiment among bank customers. ...
Five minute guide to the ever-rising threat of fraud: Beware of card sharps image
Source : Daily Express [Read Article] Sunday 25th of September 2016 11:58:00 AM
....Despite the danger, CompareTheMarket’s research shows that one in four is taking a chance by using the same PIN and password for all their cards and online accounts, often because they do not want to remember more than one number. The good news is that nine out of 10 say their bank or credit card issuer handled the attack well, typically being the ones to discover the security breach. ...

Democrats hacked again with private contact details of party’s members of House of Representatives posted online
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....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. Details of the latest security breach emerged within weeks of the emails from senior party officials being hacked and appearing on Wikileaks. ...
Split personality image
Source : BBC [Read Article] Monday 8th of August 2016 11:01:02 PM
.... Underfloor laser beams detect intruders. But none would say they've never had security breaches. ...

Competition watchdogs to enforce smartphone banking revolution
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Source : Telegraph [Read Article] Monday 8th of August 2016 09:00:00 PM
....The Government launched the review over concerns customers were getting a poor deal because Britain's biggest banks, which all offer similar accounts and services, had a market monopoly and were not competitive enough. However the Daily Telegraph understands the regulator already has major concerns that the big banks will push back against the move by claiming rushing the technology could harm customers by leaving them open to security breaches. ...
Bitcoin drops more than 10% after security breach image
Source : BBC [Read Article] Wednesday 3rd of August 2016 08:21:38 AM
....The price of bitcoin has fallen more than 10% after the Hong Kong-based digital currency exchange Bitfinex said it had suffered a major hack. The security breach led to the possible theft of bitcoin worth $65m (£49m). ...
Savers lose interest as NS&I cuts rates, plus a look at shared ownership image
Source : Guardian [Read Article] Thursday 31st of March 2016 04:17:10 PM
....General Accident says I’m a higher risk being born on the 23rd instead of 22nd. Why you might not be warned of an online security breach. ...
Is the Internet of Things putting your child's privacy at risk? image
Source : Guardian [Read Article] Monday 29th of February 2016 12:13:07 PM
....The government also has a responsibility to ensure the public understands the risks, particularly as the IoT and connected devices become more prevalent. In many of the security breaches reported thus far, the situation has involved a degree of ignorance as to what constitutes online safety. ...
UK businesses battling huge rise in cybercrime, report says image
Source : Guardian [Read Article] Thursday 25th of February 2016 12:01:17 AM
....”. The risk to ordinary people has been brought into sharp relief by high-profile security breaches at telecoms provider TalkTalk, electronics giant Sony and adultery website Ashley Madison. ...
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
....“SMEs have not historically been the target of cybercrime but in 2015 something drastically changed,” says Toni Allen, UK head of client propositions at the British Standards Institute (BSI). “The latest Government Security Breaches Survey found that nearly three-quarters (74%) of small organisations reported a security breach in the last year; an increase on the 2013 and 2014 survey. ...
All TalkTalk over its endless promises to let me switch provider image
Source : Guardian [Read Article] Thursday 21st of January 2016 07:00:01 AM
.... DH, Ledbury, Herefordshire. Given the exodus of customers after TalkTalk’s last security breach it would be unsurprising if the company wanted to make it as difficult as possible to escape its clutches. ...
Britain is on the verge of an IT crisis image
Source : Telegraph [Read Article] Sunday 10th of January 2016 09:54:17 PM
.... IT is the boring side of technology: Exciting leaps in imagination are rare, and there are no flashy product launches. Most of the time, people are only interested in it when something has gone wrong: a system has been knocked over, or there’s been a security breach. ...
TalkTalk hacking compensation offer extended amid complaints image
Source : Telegraph [Read Article] Tuesday 5th of January 2016 12:20:25 PM
. Customers now have until Thursday to claim their free TalkTalk upgrade offer - the compensation provided by the telecoms giant as a way of saying sorry for a major security breach. ...
Hyatt hotel visitors hit by malware image
Source : BBC [Read Article] Thursday 24th of December 2015 10:43:11 AM
. Hotel group Hyatt is warning visitors of a security breach in its customer payment system. ...
Cyber-attack risk is too great to ditch the experts image
Source : Telegraph [Read Article] Saturday 19th of December 2015 05:47:51 PM
.... Corporate risk comes in many shapes and sizes, but one form that has only quite recently assumed centre-stage in boardroom discussions is that of cybercrime and security. In no small measure, that’s down to the negligence of the broadband operator Talk Talk, which a couple of months ago revealed a serious security breach. ...
TalkTalk customer? Just two weeks left to grab a free upgrade image
Source : Telegraph [Read Article] Thursday 17th of December 2015 08:13:18 AM
.... On hold 45 minutes now. In October TalkTalk suffered a major cyber security breach, with 16,000 sets of bank account information and 28,000 sets of obscured credit and debit card details accessed. ...
Twitter warns of government 'hacking' image
Source : BBC [Read Article] Sunday 13th of December 2015 10:22:54 PM
....Some IT experts say the hackers who breached Sony's computer network late last year and leaked huge amounts of confidential information were backed by the North Korean state. Pyongyang has consistently denied involvement in the security breach. ...
The opportunity is there ... so is your business export ready? image
Source : Guardian [Read Article] Thursday 3rd of December 2015 07:00:03 AM
.... The board at Semafone had a suspicion that US compliance regulations would make its payment technology appealing and CEO, Tim Critchley, reveals that research backed up its assumption. “We’d noticed through industry meetings that American companies had far more onerous regulations around disclosing security breaches but didn’t have access to technology like ours which separates call centre payment-takers from the sensitive card information,” he says. ...
NCC Group catches Fox in £94m cyber security takeover image
Source : Telegraph [Read Article] Tuesday 24th of November 2015 11:38:18 AM
.... . The company focuses on the higher end of the cyber security market, offering expert consultants to deal with the aftermath of security breaches. ...
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
....In the past few days, TalkTalk has started to email its customers to confirm whether or not their data was stolen. Gwen Evans, a partner who specialises in group actions at Hugh James, said: “Since the serious security breach occurred last month, we have been approached by a number of TalkTalk customers who are naturally concerned about whether their personal data has been accessed and misused. ...
TalkTalk cyber attack will cost company up to £35m image
Source : Telegraph [Read Article] Wednesday 11th of November 2015 02:15:30 PM
.... . The broadband operator said it will know more about the financial impact of the security breach at the end of the financial year, as it reported interim results that gave investors some reassurance over the state of the business. ...
TalkTalk hack to cost up to £35m image
Source : BBC [Read Article] Wednesday 11th of November 2015 11:35:07 AM
....Small print matters. Some of TalkTalk's millions of customers might have been angry enough to try to terminate their contracts when the telecommunications company first revealed details of a major data security breach last month. ...
Tinder owner hoping $3.1bn float will woo investors image
Source : Guardian [Read Article] Monday 9th of November 2015 05:58:34 PM
....He said the app’s users would get “deeper connections” and would see a “series of things that will help you make more sense of the sheer volume of people around you”. The company’s 80-page plus prospectus points out the risks of a security breach in the aftermath of the hacking of the database of the infidelity website Ashley Madison. ...
TalkTalk likely to axe dividend in aftermath of hacking attack image
Source : Telegraph [Read Article] Saturday 7th of November 2015 07:15:09 PM
.... . TalkTalk is facing major threats to its business as it battles the fallout from the security breach, which exposed the personal details of more than 150,000 customers. ...
TalkTalk claims cyber attack hit just 4pc of customers image
Source : Telegraph [Read Article] Friday 6th of November 2015 08:16:43 AM
.... . Dido Harding, TalkTalk chief executive, has apologised for the security breach but said she is under no pressure to resign as a result of it. ...
Previous TalkTalk victims still awaiting compensation a year on image
Source : Guardian [Read Article] Saturday 31st of October 2015 06:59:11 AM
. Victims of the first TalkTalk security breach last November are still fighting for compensation after losing thousands of pounds – and they say they are appalled that hackers have again been able to steal customer details from the telecoms giant. ...
BT chief warns over damage to broadband industry from Talktalk security crisis image
....” . The chief executive raised concerns about the impact of TalkTalk’s security breach as BT reported third quarter results that revealed a boost to its TV ambitions from its exclusive rights to Champions League football. ...
VIDEO: Hairdressers held to ransom by hackers image
Source : BBC [Read Article] Wednesday 28th of October 2015 02:07:30 PM
....Experts are warning that cyber attacks on British businesses, both large and small, happen constantly. The caution follows last week's security breach on broadband provider TalkTalk. ...
Morrisons sued by 2,000 staff over data breach image
Source : Telegraph [Read Article] Tuesday 27th of October 2015 01:37:47 PM
. Morrisons is to be sued by 2,000 of its employees following last year’s data security breach saw their personal details leaked by a disgruntled former employee. ...
Was the TalkTalk hacking an accident waiting to happen? image
Source : Telegraph [Read Article] Monday 26th of October 2015 10:05:37 PM
.... . When Harding said on national television that she could not guarantee there will never be a security breach again in the future, she was honest and correct. ...
TalkTalk hires defence giant to hunt down cyber blackmailers image
Source : Telegraph [Read Article] Saturday 24th of October 2015 07:00:42 PM
.... Dido Harding admitted failings in TalkTalk security  Photo: Julian Andrews/The Telegraph. TalkTalk staff were working through the night on Friday and yesterday to contact directly customers who were affected by the security breach. ...
TalkTalk cyber-attack sparks calls for new regulatory powers image
Source : Guardian [Read Article] Saturday 24th of October 2015 06:40:34 PM
....Regulators must be given significant new “US-style” powers to tackle the escalating problem of online fraud in the wake of the cyberattack that potentially potentially compromised the security of millions of TalkTalk customers, IT experts said. Their call came amid warnings that the security breach at the telecoms provider could cause problems for its victims that will last for years. ...
TalkTalk hacking crisis deepens as more details emerge image
Source : Guardian [Read Article] Friday 23rd of October 2015 07:02:48 PM
.... They were also urged to change their TalkTalk account passwords and any other accounts that used the same passwords. It is the company’s third major security breach in the past year. ...
TalkTalk criticised for poor security and handling of hack attack image
Source : Guardian [Read Article] Friday 23rd of October 2015 04:44:09 PM
....Related: TalkTalk breach: what to do if you're a customer. TalkTalk has been hit by several security breaches in the last year. ...
VIDEO: Can TalkTalk customers leave, penalty free? image
Source : BBC [Read Article] Friday 23rd of October 2015 03:55:33 PM
....The head of TalkTalk has apologised to customers after personal and banking details of up to four million customers were accessed in a cyber attack. The company were also sent an email demanding a ransom from a group purporting to be behind the security breach. ...
TalkTalk cyberattack: am I liable for fraud losses if I don't inform my bank? image
.... FK, via email . This is just the latest scandal that TalkTalk customers have had to endure, many having suffered years of poor customer service - as well as another security breach earlier this year (more on this below). ...
Security breach at Halifax and Bank of Scotland left account activities visible for up to six years image
.... . The incident is the latest in a string of high-profile security breaches in which customers of companies, including adultery website Ashley Madison, Carphone Warehouse and Barclays, may have had personal data stolen. ...
US groups want Experian hack probed image
Source : BBC [Read Article] Friday 9th of October 2015 01:02:37 PM
....This holds personal information about some 200 million Americans, it said. "A data security breach that affected Experian's credit report files would be a terrifying and unmitigated disaster," it added. ...
Experian hack raises doubts about security of credit database, advocates say image
.... “As you know, Experian is one of the three nationwide consumer reporting agencies (CRAs), each holding data on over 200 million consumers. A data security breach that affected Experian’s credit report files would be a terrifying and unmitigated disaster. ...
US and China agree cybercrime truce image
Source : BBC [Read Article] Friday 25th of September 2015 10:15:38 PM
....The cybertheft of intellectual property designed to benefit Chinese industry was described by former National Security Agency Director Keith Alexander as "the greatest transfer of wealth in history". US officials have alleged that the Chinese state was behind a massive data security breach of government databases as well as attacks on private firms. ...
Xi says China open to foreign companies image
Source : BBC [Read Article] Wednesday 23rd of September 2015 03:30:56 AM
...."Should they enter into conflict and confrontation, it would lead to disaster for both countries and the world at large," he said. The US has recently alleged that the Chinese state was behind a massive data security breach of government databases as well as attacks on private firms. ...
Vodafone Australia admits hacking Fairfax journalist's phone image
Source : Guardian [Read Article] Saturday 12th of September 2015 11:49:52 PM
.... Since when did telling the truth become the wrong thing to do?”. An internal Vodafone email, reported by the Australian, shows the company was aware of the extent of the security breaches and the potential legal and reputation damage of hacking a journalist’s phone. ...
How Ashley Madison hack has fuelled an opportunist bank scam image
Source : Telegraph [Read Article] Monday 31st of August 2015 07:02:16 AM
. Opportunist fraudsters are using high-profile security breaches – such as the recent Ashley Madison hack and Carphone Warehouse data breach – to convince people to hand over their bank details. ...
VIDEO: Carphone Warehouse sorry for breach image
Source : BBC [Read Article] Sunday 9th of August 2015 09:33:12 AM
....The data could include names, addresses and date of births, as well as bank and credit card details of millions of customers. The security breach was discovered on Wednesday but the company only released details about it on Saturday afternoon. ...
Carphone Warehouse breach probed image
Source : BBC [Read Article] Sunday 9th of August 2015 08:26:17 AM
...."I am extremely upset as well as worried and scared," she said. "Firms like Carphone Warehouse need to be held accountable for security breaches. ...
Carphone Warehouse hackers may have accessed 2.4m customers' data image
Source : Guardian [Read Article] Saturday 8th of August 2015 03:37:59 PM
....Customers who suspected they were a victim of fraud were told to contact Action Fraud, the UK’s national fraud and internet crime reporting centre. Customers reacted angrily on Twitter to the news of the potential security breach. ...
The start-up catching white-collar criminals in the web's darkest places image
.... When a rogue bank manager began a sideline business of selling illicit bank accounts, already complete with a tidy balance, the scam went unnoticed by his employer, one of the UK’s largest lenders. It was only when the bank took on the services of London start-up Digital Shadows to run a sweep of the internet for security breaches that the shady operation, which charged £50 a pop, came to light. ...
Space is a frontier too far. Elon Musk’s best bet is to come back down to earth image
.... As has the department store Macy’s. Pretty much everyone he does business with is now “reconsidering”, as are potential guests at his hotel chain after a credit-card security breach. ...
Sophos listing creates London's latest unicorn image
Source : Telegraph [Read Article] Friday 26th of June 2015 01:23:48 PM
...." . Sophos’ listing comes on the back of a report by PwC showing that the number of online security breaches in the UK is continuing to rise. ...
British exit from EU could jeopardise London’s position as major financial centre, says leading US boss image
....Mr Glaser, who is in the UK to pick up the BritishAmerican Business Corporate Citizenship Award, also warned that cyber security is the “biggest manmade risk issue of our time”. According to a recent Marsh report, 81 per cent of large businesses in the UK and 60 per cent of small businesses suffered a cyber-security breach in the last year, while the average cost of breaches to business has nearly doubled since 2013. ...
Cyber attacks cost British industry £34bn a year image
Source : Telegraph [Read Article] Wednesday 10th of June 2015 04:00:25 AM
.... . The research also looked at which UK industries feel they are most at risk from hackers by measuring their increased spending on IT defences and the percentage of revenue lost as a result of a cybersecurity breach. ...
Elon Musk is offering a $1000 bounty if you can hack into his website image
Source : Independent [Read Article] Tuesday 9th of June 2015 03:03:26 PM
....Bugcrowd also showcases a ‘hall of fame’ naming those who have discovered glitches. Tesla is not the only company to turn to ask ‘friendly hackers’ to identify potential security breaches. ...
GSK investigator freed from Chinese jail image
Source : Guardian [Read Article] Tuesday 9th of June 2015 11:59:10 AM
....Peter Humphrey, a former Reuters journalist and longtime China resident, set up the consultancy ChinaWhys with his wife in 2003 to conduct fraud investigations and due diligence for international companies. They were hired by GSK to investigate a security breach, after a tape of the firm’s then China boss having sex with his girlfriend was sent to senior GSK executives, including chief executive Andrew Witty. ...
Average cost of cyber attacks doubles to £1.46m image
Source : Telegraph [Read Article] Tuesday 2nd of June 2015 04:03:27 PM
. The cost to businesses of hacking attacks and security breaches has more than doubled in the past year, according to a new government report. ...
Uber ordered to discontinue Pop service in Italy image
Source : Guardian [Read Article] Tuesday 26th of May 2015 05:38:59 PM
.... US authorities are examining why some British users of its taxi-booking app were allegedly charged for rides they did not book or make. Uber said it had seen no evidence of a security breach. ...

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