5th February 2018
Lloyds Banking Group has banned customers from making cryptocurrency transactions with their credit cards amid growing concern over price volatility and investor risk surrounding digital currencies. The move follows a huge drop in the price of bitcoin last week, falling by almost a half to around $9,000 on… Read More
5th February 2018
Russia has issued a travel warning recommending its citizens think twice before traveling abroad, saying the United States was hunting for Russians to arrest around the world. The Foreign Ministry statement warns Russian citizens that when abroad they face a serious threat of arrest by other countries at Washington’s request,… Read More
31st January 2018
Organisations in Britain’s most critical care industries face fines of up to £17 million if they fail to implement effective cyber security measures. As part of the government’s strategy, new sector-specific regulators will be appointed and will assess critical industries – such as energy, transport and health – to ensure… Read More
31st January 2018
South Korea’s finance minister said the government has no plans to shut down cryptocurrency trading, welcome news for investors worried that authorities might go as far as China’s tough action in blocking virtual coin platforms. The comment by Kim Dong-yeon on Wednesday comes as traders at home and around the… Read More
30th January 2018
Facebook has announced a ban on adverts that promote financial products that are linked to “deceptive promotional practices” involving binary options and cryptocurrencies. The announcement comes a day after regulator the Financial Conduct Authority (FCA) issued a statement urging the public to be vigilant to the threat of online… Read More
30th January 2018
The national tax office in the Netherlands said its website briefly went offline on Monday due to a DDoS cyber attack, after the country’s largest banks were targeted. ABN Amro and ING said they were both targeted by hackers, temporarily disrupting online and mobile banking services over the weekend. Read More
29th January 2018
Japanese authorities said on Monday they would investigate all cryptocurrency exchanges in the country for security gaps and ordered Coincheck to raise its standards after hackers stole $530 million (£376.7 million) of digital money from the Tokyo-based exchange. The theft – one of the world’s biggest cyberheists – highlights the… Read More
29th January 2018
AP News – A senior U.S. Treasury official touring Asia has urged banks and financial regulators in the region and elsewhere to do more to tighten oversight of booming trading in bitcoin and other cryptocurrencies. Sigal Mandelker, the Treasury undersecretary for terrorism and financial intelligence, said Friday… Read More
29th January 2018
One of Japan’s largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual money in a hacking attack on its network. Coincheck suspended deposits and withdrawals for all crypto-currencies except Bitcoin as it assessed its losses in NEM, a lesser-known coin. If the theft is… Read More
26th January 2018
Ransomware was the tool of choice for cybercriminals in 2017, with attacks on consumers rising by more than 93 per cent, according to new research. Meanwhile, ransomware attacks on businesses increased 90 per cent with September 2017 seeing the largest volume of online assaults against businesses ever recorded. Overall,… Read More