Category: Industry News

News and information from the Advent IM team.

More than a third of firms report fraud increase in 2021

Eight in ten mid-sized businesses in the Midlands experienced fraud in 2021, with more than a third (39 per cent) of companies reporting an increase on the previous year, according to a new survey from accountancy and business advisory firm BDO LLP. BDO’s Fraud Survey – which monitored fraud trends at 500 mid-sized UK firms […]

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Delayed pay: Umbrella company cyber attacks disrupt salary payments to thousands of contractors

Thousands of contractors across the UK are anxiously waiting to see if their payroll cycles will be disrupted for a second week, after two of the umbrella industry’s biggest players were targeted by cyber criminals Thousands of contractors across the UK are facing a second possible week of payment delays, following separate cyber attacks on […]

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Data on 500k “Vulnerable People” Compromised in Red Cross Cyber-Attack

Charities and humanitarian organisations are becoming “highly attractive” targets due to the sensitive data they hold. Information on more than half a million people has been exposed following a “sophisticated” cyber-attack onthe International Committee of the Red Cross (ICRC). In a statement on 19th January, the Committee confirmed the cyber-attack, which targeted and compromised an […]

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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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