5th September 2018
European Union parliamentarians have approved proposals that will mete out unilateral jail sentences across the bloc for non-cash payment fraud, including those involving virtual currencies. Gaps and differences among EU countries’ laws can hamper the detection and punishment of crimes such as fraud and counterfeiting of credit cards, electronic wallets,… Read More
5th September 2018
Paul Pester, the chief executive of Britain’s crisis-hit TSB Bank, is stepping down after months of pressure following a botched IT project that has cost more than 200 million euros ($231 million). Pester ran the lender for seven years but was heavily criticised for his handling of the IT update… Read More
24th August 2018
The U.S. Securities and Exchange Commission said on Thursday it will review a decision by its staff to block nine bitcoin-based exchange-traded funds from coming to market. Staff at the SEC on Wednesday rejected applications for new funds from three companies, suggesting they were not yet convinced that the products… Read More
14th August 2018
The Financial Conduct Authority (FCA) and Pensions Regulator have launched a campaign warning the public of pension scams that are costing victims an average of £91,000 each. The campaign is targeted at people in their forties, fifties and sixties and encourages verifying that the pension firms they deal with are… Read More
9th August 2018
Samsung’s Galaxy S7 smartphones contain a microchip security flaw, uncovered earlier this year, that has put tens of millions of devices at risk to hackers looking to spy on their users, researchers told Reuters. The Galaxy S7 and other smartphones made by Samsung Electronics Co Ltd (005930.KS) were previously thought… Read More
8th August 2018
UK law firms are increasingly coming under attack from cyber criminals, with attacks costing law firms millions, according to the legal fraternity’s watchdog. Reports of cybercrime are up 50% year-on-year, reaching a record level of 157 reports for 2017, the Solicitors Regulation Authority (SRA) explained. These cases have brought… Read More
2nd August 2018
Three Ukrainians have been arrested on criminal hacking charges including stealing payment card numbers, in attacks on more than 100 U.S. companies that cost businesses tens of millions of dollars, the U.S. Justice Department said on Wednesday. U.S. prosecutors alleged that the three Ukrainians, who were arrested in Europe between… Read More
1st August 2018
Some 10 million Dixons Carphone records containing personal data may have been accessed in a 2017 cyber attack, the British electronics and mobile phone retailer said on Tuesday, boosting an earlier estimate of 1.2 million. It was the second major cyber attack in three years on the company, which has… Read More
30th July 2018
AP — The U.K. government should increase oversight of social media like Facebook and election campaigns to protect democracy in the digital age, a parliamentary committee has recommended in a scathing report on fake news, data misuse and interference by Russia. The interim report by… Read More
27th July 2018
The U.S. Securities and Exchange Commission on Thursday stood by a decision blocking an exchange-traded fund that would have tracked bitcoin, citing concerns about market manipulation. The securities regulator found “unpersuasive” arguments that the bitcoin ETF proposed by Cameron and Tyler Winklevoss, the twin brothers who founded crypto exchange Gemini… Read More