A lack of guidance over the EU’s GDPR could cripple British businesses February 13, 2017 There is no denying that the General Data Protection Regulation (GDPR) marks a great step forward for data protection in the UK and across Europe. But with less than 16 months until it comes into force, it is critical for UK businesses to start preparing now. However, despite being the most powerful piece of data [...]
The UK government’s crackdown on encryption threatens to undermine London’s fintech boom February 10, 2017 Talk of calamity befalling corporate Britain as we negotiate our EU exit is typically overblown. Nevertheless there is a potentially serious conflict in the making between the UK government’s stated desire to maintain access to certain online data for reasons of national security and the continental European determination to institute a modern system of information [...]
Undercover investigation reveals raft of failings from data-selling firms January 21, 2017 An undercover investigation has revealed the miniscule cost of buying personal information from data-selling firms. Posing as a would-be pension scammer, consumer group Which managed to access details of members of the public for as little as 4p. The investigation also highlighted significant failings by data-selling firms in undertaking sufficient due diligence on who it is [...]
Information Commissioner’s Office delivers damning verdict after RSA personal data loss January 10, 2017 Regulators have fined insurance giant RSA for losing the personal information of almost 60,000 customers. The owners of the More Than brand were handed a £150,000 penalty by the Information Commissioner's Office (ICO) after the theft of a hard drive device containing thousands of customers' personal data and the credit card details of 20,000 people. The ICO [...]
Man pleads guilty to TalkTalk hack involvement at Old Bailey, as teenager gets 12-month youth rehabilitation order December 13, 2016 A man has today pleaded guilty to being involved in hacking TalkTalk customers' accounts in 2015. Daniel Kelley, 19, submitted his plea at London's Old Bailey this afternoon. Earlier today, a 17-year-old who admitted to hacking offences related to the 2015 data breach was handed a 12-month rehabilitation order and had his iPhone and PC hard [...]
Thousands of online accounts feared hacked at National Lottery operator Camelot November 30, 2016 National Lottery operator Camelot thinks 26,500 accounts have been hacked. The company said it didn't think its own systems had been compromised, but that players' login details had been pinched from elsewhere. It discovered "suspicious activity" after online security monitoring on Monday. "No money has been deposited or withdrawn from affected player accounts," it said [...]
Chancellor Philip Hammond to announce ban on pensions cold calling in Autumn Statement next week November 19, 2016 Pensions cold callers who target the elderly and trick them out of their life savings will be banned in chancellor Philip Hammond's Autumn Statement this week. Around 250m scam calls are made every year, or equivalent to eight every second, the government said today. Cowboy cold callers prey upon almost 11m pensioners a year and [...]
Three Mobile has become the latest high-profile victim of a cyber attack November 18, 2016 Mobile network Three has become the latest high-profile victim of a major cyber-security attack. The breach could put the private information of two-thirds of the company’s 9m customers at risk, the Daily Telegraph reported. Read more: TalkTalk boss Dido Harding: Customers "trust us more" after cyber attack Three men have reportedly been arrested in connection [...]
Boards still in denial over cyber risk, as bosses keen to pass the buck November 14, 2016 Boards still have their heads buried in the sand when it comes to cyber security, a new survey has found. The research commissioned by NCC Group, and seen exclusively by City A.M., found that just 13 per cent of chief executives thought they needed to take responsibility for the level of cyber risk in their company. [...]
Don’t be fooled by the Tesco Bank hack – Hackers are more likely to go after firms outside of financial services November 9, 2016 Despite the recent high profile hack on Tesco Bank, cyber criminals are increasingly unlikely to target financial services firms. The Tesco Bank attack – branded unprecedented by top regulators – runs against the trend for hackers to focus on non-banks with lower levels of cyber security, City law firm RPC has warned. According the law firm data [...]