Category: Industry News

News and information from the Advent IM team.

New laws proposed to boost UK business cyber security

New laws have been proposed that would help boost the UK’s resilience from cyber attack, following a rise in incidents targeting national infrastructure around the world. The Department for Digital, Culture, Media and Sport (DCMS) has unveiled plans to bolster security standards across the country, including improving the way firms report cyber security incidents and […]

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Europol Data Pool Must be Deleted, Says EU Watchdog

The vast trove of data at its disposal put Europol at the heart of a major 21st century debate – the importance of privacy versus security. The European Data Protection Supervisor (EDPS) has ordered Europol to delete a major reserve of data gathered from criminal investigations. Europol, the law enforcement agency for the European Union, […]

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REvil ransomware gang arrested in Russia

REvil ransomware gang arrested in Russia Authorities in Russia say they have dismantled the ransomware crime group REvil and charged several of its members. The United States had offered a reward of up to $10m (£7.3m) for information leading to the gang members, following ransomware attacks. Russia’s intelligence bureau FSB said the group had “ceased […]

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Banks accused of neglecting customer security measures

Many UK retail banks are leaving their customers exposed to fraud by neglecting to implement website protections and allowing users to set laughably insecure passwords to use their online services, according to consumer rights organisation Which?. Which?’s investigation, conducted with assistance from security firm 6point6, tested the online and mobile app security of the UK’s […]

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European parliament found to have broken EU rules on data transfers and cookie consents

The European Union’s chief data protection supervisor has sanctioned the European Parliament for a series of breaches of the bloc’s data protection rules. The decision sounds a loud warning to sites and services in the region about the need for due diligence of personal data flows and transfers — including proper scrutiny of any third […]

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GDPR Fines Totalled Over €1bn in 2021

Last year saw a huge onus on the protection of data and privacy and this is reflected in the huge increase of GDPR fines, year-over year. According to data presented by Atlas VPN, GDPR fines hit over €1 billion in 2021 – compared to €171 million in 2020. A total of 412 penalties were issued […]

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Morgan Stanley agrees to $60M settlement over compromised personal data

Morgan Stanley has agreed to establish a $60 million fund to settle a class-action lawsuit filed by nearly a dozen customers regarding personal data that was compromised when the bank decommissioned two wealth management centers. The proposed settlement, filed Friday in U.S. District Court for the Southern District of New York, will allow class members […]

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Beware of Fake Telegram Messenger App Hacking PCs with Purple Fox Malware

Trojanized installers of the Telegram messaging application are being used to distribute the Windows-based Purple Fox backdoor on compromised systems. That’s according to new research published by Minerva Labs, describing the attack as different from intrusions that typically take advantage of legitimate software for dropping malicious payloads. “This threat actor was able to leave most […]

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Log4j: Why this massive security flaw is impacting nearly all of the internet

A major cybersecurity vulnerability is impacting nearly all of the internet, sending everything from financial institutions to government entities scrambling to patch their systems, before cybercriminals and nation states can launch cyberattacks. Known as the Log4j vulnerability, the flaw impacts a piece of open-source logging software that allows developers to understand how their programs function. […]

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