TSB online banking down as customers complain about not being able to access their accounts for a fifth day April 24, 2018 Some TSB customers have complained that troubles with mobile and online banking have continued into a fifth day after an IT upgrade over the weekend. TSB transferred 1.3bn customer records from the Lloyds platform over to a new platform built by Spanish bank Bacno Sabadell, which acquired TSB in 2015. But customers have been complaining [...]
Aberdeen Standard is suing Provident Financial in a row over the investigation of its Vanquis credit card branch March 26, 2018 Troubled doorstep lender Provident Financial is facing a legal battle with Aberdeen Standard, one of its largest investors, over an investigation into its Vanquis credit card unit. Provident announced last year that it was being probed by the Financial Conduct Authority (FCA) over its mis-selling of product called a “Repayment Option Plan” (ROP). This Vanquis [...]
Tesla billionaire Elon Musk deletes his brands from Facebook as Cambridge Analytica offices raided March 24, 2018 Billionaire entrepreneur Elon Musk has deleted his Tesla and SpaceX brands from Facebook, following accusations that data firm Cambridge Analytica used data harvested from the social networking site to influence elections. In response to Twitter users calling for people to delete Facebook, Musk tweeted: “What’s Facebook?” When challenged to remove his own brands’ pages from [...]
Facebook share price (Nasdaq:FB) slides as the tech giant is left out of a Wall Street recovery March 20, 2018 Tech giant Facebook’s share price sank on Wall Street for a second day amid allegations that the data of millions of users was mined by Britain’s Cambridge Analytica. The news dealt a blow to the tech-heavy Nasdaq index in New York yesterday, with other tech stocks like Google and Amazon feeling the burn, but today [...]
Cambridge Analytica latest: UK’s Information Commissioner seeks court warrant over Facebook breach claims March 20, 2018 The information commissioner is seeking an urgent warrant to gain access to the London offices of election consultancy Cambridge Analytica, after being accused of using 50 million Facebook users’ personal data to influence the 2016 US elections. An ICO spokesman said the commission had issued a demand to access CA’s records and data earlier this [...]
Facebook share price (NASDAQ: FB) is dropping on Cambridge Analytica allegations March 19, 2018 Facebook’s share price has dropped more than seven per cent following allegations that data firm Cambridge Analytica mined Facebook users’ data without their permission. The social media giant’s shares were down 7.28 per cent at $171.62 at the time of writing, slashing billions off of founder Mark Zuckerberg’s fortune. “Facebook is experiencing its worst trading [...]
Cambridge Analytica: Data scandal leads to call for Facebook CEO Mark Zuckerberg to be grilled by MPs March 19, 2018 The chair of a parliamentary committee has demanded that Mark Zuckerberg “stop hiding behind his Facebook page” and come before MPs to respond to allegations of data misuse by the UK-headquartered political research outfit Cambridge Analytica. Damian Collins, chair of the Digital, Culture, Media and Sport (DCMS) Committee, hit out amid revelations that a company [...]
Access Denied: The fight against cyber criminals March 5, 2018 Cyber-attacks defy borders and jurisdictions and are recognised as a Tier One threat to national security by the UK government. As the world becomes more connected, the attacks are becoming stronger, more frequent and more sophisticated. Nearly half of UK businesses identified at least one cyber security attack in 2016, according to UK government data, [...]
Government websites have secretly been mining bitcoin in “cryptojacking” of ICO and student loans company with Coinhive February 12, 2018 Government websites in the UK and US, including those belonging to the data regulator and the Student Loans Company, have been secretly commandeered by hackers to mine bitcoin. The website of the Information Commissioner’s Office was among several to be taken offline after a security researcher discovered that malware was being used to illegally mine [...]
Careless employees are a bigger threat to cyber security than external hackers December 7, 2017 Cyber attacks are in the news every day. Uber’s recent hack affected 57m people worldwide, and made headlines when it was revealed the company had paid $100,000 to recover data and keep the breach secret. However, the attention given to high-profile hacks may be misleading – especially if they only focus on attacks from outside. [...]