6th March 2018
The World Economic Forum has led the creation of an industry consortium focused on improving the cybersecurity of financial technology companies, as collaboration between fintechs and financial institutions grows. The consortium’s founding members include Citigroup Inc (C.N), online lender Kabbage, the Depository Trust & Clearing Corporation, Zurich Insurance Group (ZURN.S)… Read More
4th March 2018
Equifax Inc said it expects costs related to its massive 2017 data breach to surge by $275 million this year, suggesting the incident at the credit reporting bureau could turn out to be the most costly hack in corporate history. The projection, which was disclosed on a Friday morning earnings… Read More
4th March 2018
Crypto-currencies are killing people in a “fairly direct way”, Microsoft founder Bill Gates has said. He was referring to the way digital currencies like Bitcoin are used to buy drugs like synthetic opioid fentanyl. In an “ask me anything” session on news website Reddit, he said that the anonymity of… Read More
22nd February 2018
More than 52% of Britons aged 18-25 are using the same password for lots of online services, suggests a survey. By doing so they make it easy for hackers to hijack accounts, warned the UK government’s Cyber Aware campaign. The danger was acute because of the sensitive data people typically… Read More
22nd February 2018
MPs have launched an inquiry into cryptocurrencies and the technology behind them. The Treasury Committee said it wants to understand the risks and benefits of digital money following an explosion of interest – and investment – in them. The MPs will cover the role of digital currencies in the UK,… Read More
19th February 2018
The United Kingdom is keen to have a relationship with the European Union where officials can continue to speedily share intelligence, biometrics and other data after Brexit, the head of Britain’s National Crime Agency (NCA) has said. The NCA has benefited from EU policing partnership in tackling crimes such… Read More
18th February 2018
Unknown hackers stole 339.5 million roubles ($6 million) from a Russian bank last year in an attack using the SWIFT international payments messaging system, the Russian central bank said on Friday. The disclosure, buried at the bottom of a central bank report on digital thefts in the Russian banking sector,… Read More
14th February 2018
Thousands of people continue to fall victim to romance fraud in the United Kingdom, where victims were conned out of £41 million in 2017 alone. The figure was released by City of London police ahead of Valentine’s Day, said Action Fraud, a UK-based organisation which received 3,557 romance frauds reports… Read More
14th February 2018
Equifax is facing a fresh demand to disclose the full extent of last year’s data breach, following a report that it was bigger than previously disclosed. The Wall Street Journal (WSJ) reported on Friday that cyber-thieves had accessed US citizens’ email addresses, tax ID numbers and more driver licence information… Read More
13th February 2018
Gibraltar has started working on what it says are the world’s first rules for initial coin offerings, following feedback on a consultation on digital assets. A bill is expected to be considered by Parliament in the second quarter of this year. The British overseas territory has already introduced a… Read More