Protecting your IT system and the information it holds is essential. An IT systems failure, cyberattack or data loss can be catastrophic for your business. As well as installing security software, you need to look at physical security and the way you manage your IT systems. An effective backup routine is vital. The threats Computer […]
Read MoreCyber-thieves set sights on hijacking payment data
Thousands of websites are being hit by cyber-thieves who implant code to scoop up payment card numbers, research suggests. Security giant Symantec found more than 4,800 websites were being hit by these “form-jacking” attacks every month. High-profile victims of these attacks include airline BA and Ticketmaster. Online crime groups had turned to the attacks as […]
Read MoreThe most damaging hacks and data breaches of 2017, so far
Unfortunately, 2017 has been a major year for data breaches. In the US alone, personal information has been stolen for well over 100 million residents. Here’s a look at what are arguably the most damaging hacks and data breaches of 2017 so far. And while they happened in 2017, their effect will likely be felt […]
Read MoreCybercrime soars as UK fraud breaks through £1 billion barrier
There was a huge rise in cybercrime last year which helped overall UK fraud break through the £1 billion barrier for the first time in five years. According to KPMG’s Fraud Barometer, cybercrime rose a whopping 1266% last year to £124 million, taking the total value of fraud to £1.1 billion. KPMG’s Fraud Barometer measures […]
Read MoreTheCityUK report on making UK financial and professional services sector more resilient to cyber attack
On 17 May 2016, TheCityUK published a report on how to make the UK financial and professional services sector more resilient to cyber attack. The report seeks to build on the work already done by the UK government and includes recommendations for practical steps financial firms can take individually, and collectively, to improve their cyber […]
Read MoreCyber attackers demand ransom from Guernsey victims
You may have seen in the news last week that at least ten different businesses in Guernsey had been targeted by cyber attackers who had demanded a ransom to recover lost files (http://www.bbc.co.uk/news/world-europe-guernsey-35563983). This is just one example of how hacking companies for their data is on the rise, and at the heart of every […]
Read MoreU.S. charges three in huge cyberfraud targeting JPMorgan, others
U.S. prosecutors on Tuesday unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme that included a huge attack against JPMorgan Chase & Co and generated hundreds of millions of dollars of illegal profit. Gery Shalon, Joshua Samuel Aaron and Ziv Orenstein, all from Israel, were charged in a […]
Read MoreCYBER CRIME – A GROWING THREAT TO FINANCIAL INSTITUTIONS [7 October 2015]
Combating cyber-crime is now at the top of the agenda for government and industry alike. This is in recognition of the fact that in an increasingly cashless society, the opportunities for cyber-enabled fraud will increase and attract growing criminal interest. In turn this means that financial institutions need “best-in-class” protection against cyber-crime. The challenges in […]
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