Category: Industry News

News and information from the Advent IM team.

FCA records 50% rise in serious cyber incidents at UK firms

Cyber incidents reported to the UK’s Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software. In total, the FCA received 116 reports of material cyber security incidents in 2021, up from 76 in 2020. According to the FCA, an incident may be material if it: • results in […]

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advent IM blog picture of infected computer

ICO fines City Law firm £98,000 for data breaches following ransomware attack

The UK Data protection authority, the Information Commissioner’s Office (“ICO”), has fined Tuckers Solicitors £98,000 for multiple data breaches relating to the disclosure of their client’s court documents which were published on the dark web. This followed a ransomware attack by a hacker which resulted in 972,191 files being stolen from the firm. Read the […]

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UK ransomware attacks double in past year

Ransomware attacks have more than doubled in the past year, driven by their increasing profitability for scammers. New data from international law firm RPC revealed that the number attacks reported to the Information Commissioner’s Office has increased 100 per cent from 326 in 2020 to 654 in 2021. Attacks often bring operations to a standstill, […]

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A Password Set To Password Leads To A $15 Million Ransom Demand

There’s a long list of passwords that are so terrible that you should never, ever use them. One of the absolute worst is password, yet it keeps popping up in breaches. Just this week password allegedly allowed hackers to break in to a server, steal data and issue a $15 million ransom demand to the […]

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LAPSUS$ Hackers Claim to Have Breached Microsoft and Authentication Firm Okta

Microsoft and authentication services provider Okta said they are investigating claims of a potential breach alleged by the LAPSUS$ extortionist gang. The development, which was first reported by Vice and Reuters, comes after the cyber criminal group posted screenshots and source code of what it said were the companies’ internal projects and systems on its […]

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Ireland’s evasive response to a major security complaint

Ireland’s evasive response to a major security complaint filed against Google’s adtech the year the European Union’s General Data Protection Regulation (GDPR) came into application is the target of a new lawsuit that accuses the Data Protection Commission (DPC) of years of inaction over what the complainants assert is “the largest data breach ever.” At […]

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