More than half of businesses in the UK, US and Germany aren’t fully prepared to deal with a cyber attack February 7, 2017 More than half of businesses (53 per cent) in the UK, US and Germany aren’t fully prepared to deal with cyber attacks, according to a new study of 3,000 companies. Specialist insurer Hiscox’s cyber report – which assessed firms on strategy, resourcing, technology and process – found that UK firms are least likely to have [...]
Here’s some cybersecurity advice if you don’t wanna cry July 4, 2017 Last week, barely a month since the WannaCry attack, companies around the world were struck by another major ransomware cyber attack. With two similar looking, large-scale incidents occurring within such a short window, companies are naturally anxious to know how they can protect themselves against the next – inevitable – attack. It’s all about the [...]
The UK has shot up the corporate fraud rankings with an annual spike in incidences January 17, 2017 Fraud incidents have shot up at UK businesses during 2016, catapulting Britain towards the summit of global corporate fraud rankings. Over the last 12 months the proportion of British businesses saying they had been affected by fraud jumped from 74 per cent to 90 per cent. Read more: Rolls-Royce to pay £671m to settle corruption [...]
EU follows UK lead and considers plans to test bank defences against a cyber attack January 23, 2017 The EU is contemplating plans to test banks' ability to repel cyber attacks in an initiative that would mirror measures already put in place by the Bank of England. Cyber and technological-enabled attacks have been on the Bank of England's radar since 2013 with 30 out of 35 "core firms" having completed the UK's cyber stress testing [...]
Can you spot a liar? May 31, 2017 “Everybody knows we are in a post-truth world,” deception detection expert Pamela Meyer told delegates at the 70th CFA Institute Annual Conference in Philadelphia. “People will tell you anything.” That’s why we need to be mindful of the verbal and nonverbal clues that indicate deception, Meyer explained. She is a certified fraud examiner, the author [...]
Why cybersecurity needs more attention from business leaders April 10, 2017 As businesses have become more dependent on technology, their exposure to cybersecurity threats increases – driving a need for boards and senior management to understand the risks. Cybercrime has grown so much that the Office for National Statistics (ONS) recently began including it in official figures. In 2016, a report from the National Crime Agency [...]
Could corporate spying be a larger threat to business security than cyber attacks? February 14, 2017 When a fresh-faced graduate reported promptly one morning for his first day at a financial institution, he offered up a passport as identification. Reception staff checked his name off a list of other new recruits and issued him with a building pass to join scheduled induction sessions. He never attended the meetings, and instead swept [...]
Aviva just backed insurance focused fintech startup Neos and will probably acquire one soon, says CEO Mark Wilson May 25, 2017 Aviva is splashing cash on a startup focusing on insurance for connected homes in the latest signal of the insurers intent when it comes to technology – and it may even stretch to buying a small tech firm in future, it has revealed. The venture arm of Aviva has led a £5m series A funding [...]
NHS IT systems attacked: Hospitals across the UK have been hacked – reports May 12, 2017 A number of hospitals from 16 different NHS trusts across the UK have been hacked, according to reports. NHS Digital confirmed the attack, and said a number of NHS organisation have reported to NHS Digital that they have been affected by a ransomware attack. Some hospitals are having to turn patients away as they struggle [...]
UK sleepwalks into cyber crisis May 10, 2016 British businesses are still not doing enough to protect themselves from costly cyber attacks, experts have warned ahead of a major conference on cyber security tomorrow. The Public Policy Exchange is hosting the high-level summit with the aim of ensuring the police, public and private sectors, industry and government might better work together to lower [...]