Banks urged to upgrade ATM security systems amid threats of fresh cyberattacks

The FBI contacted banks last month to warn against a potential large-scale, highly choreographed operation known as an ‘ATM Cash Out’, which would see millions of dollars fraudulently withdrawn from cash machines all around the world in just a few hours via hacked bank accounts or payment card processors. The alert said small to medium-sized […]

Posted by Smeeta Padhiar
On 19th September 2018
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Almost all UK businesses have suffered some kind of security breach

Nearly every business in the UK has been affected by a form of data breach over the last year, new figures have claimed. According to a new report by Carbon Black, out of roughly 250 C-suites that were polled, 92 per cent confirmed to have been breached in the last year. Out of those that […]

Posted by Smeeta Padhiar
On 12th September 2018
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UK small businesses hit by five cyberattacks each year

New research has shed light on the growing threats faced by small businesses in the UK that faced an average of five cyber attacks over the course of the last 12 months. According to Appstractor’s new independent report titled “Under Attack: Assessing the struggle of UK SMBs against cyber criminals”, some businesses (19%) faced as many […]

Posted by Smeeta Padhiar
On 5th September 2018
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ICO Breach Reports Jump 75% as Human Error Dominates

The volume of data breach incidents reported to the UK’s watchdog over the past two years increased 75% as organizations geared up for the new data protection regime, according to a new FOI request. Risk management firm Kroll also found that human error accounted for the vast majority (88%) of incidents reported to the Information […]

Posted by Smeeta Padhiar
On 4th September 2018
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Data breach reports surge by 75pc as firms obey new rules

Privacy watchdogs have seen reports of data breaches surge 75pc over the last two years as companies battled cyber attacks and prepared to comply with tougher new rules. Elizabeth Denham, the information commissioner, received 3,156 reports last year from businesses and public bodies that had exposed personal data, including bank detail, criminal and health records as […]

Posted by Smeeta Padhiar
On 3rd September 2018
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Two-Fifths of UK CEOs See Cyber-Attacks as Inevitable

Less than 40% of UK CEOs believe a successful cyber-attack on their company is inevitable, far fewer than their global counterparts, according to new research from KPMG. The global consulting firm polled 1300 CEOs of “many of the world’s largest and most complex businesses,” including 150 UK business leaders. Read full story.

Posted by Smeeta Padhiar
On 2nd July 2018
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Cyber Risk at All-Time High for UK Financial Sector

The proportion of financial services firms citing cyber-attacks as a major source of risk has hit an all-time high, according to the latest biannual survey from the Bank of England (BoE). The Bank’s Systemic Risk Survey for the first half of 2018 had cyber-incidents ranked joint second alongside geopolitical risk, with 62% citing them as […]

Posted by Smeeta Padhiar
On 28th June 2018
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A war in cyberspace is already raging and could lead to ‘armageddon’ if banks get hit

A war is being fought in cyberspace with “ones and zeros” instead of bullets and too-big-to-fail banks are major targets, experts with cyber security and intelligence backgrounds have told Business Insider. Read full story.

Posted by Ellie Hurst
On 4th June 2018
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Security Think Tank: Establish best practice before automating security processes

Mike Gillespie in Computer Weekly – How can organisations evolve their security operations teams to do more automation of basic tasks and cope with dynamic IT environments? Read full story.

Posted by Smeeta Padhiar
On 2nd February 2018
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