One time passcodes fuel rise in digital wallet fraud August 28, 2025 Warnings have emerged over the security of digital wallets, following a report by consumer group Which? found widespread use of easily compromised one-time passcodes (OTPs) by some banks, leaving customers increasingly open to fraud. The investigation, which surveyed fifteen high-street and digital banks, found that the majority are still relying on SMS OTPs to verify [...]
Christian Dior: UK sales and profit slashed despite demand for watches and jewellery July 28, 2025 Sales and profit at the UK arm of Christian Dior have been slashed despite the uptick in demand for the luxury fashion brand’s watches and jewellery. The London-based division’s revenue fell from £32.4m to £280m in the year while its pre-tax profit was also cut from £46.6m to £27.6m over the same period. Its latest [...]
OpenAI’s new web browser targets Google Chrome – and your data July 10, 2025 OpenAI is finalising the release of its first AI-powered web browser – an ambitious move that could upend the dominance of Google Chrome and shift the battleground for user data, digital ad revenues, and cybersecurity. The browser, expected to launch by the end of July, will embed a ChatGPT -style interface directly into the web [...]
M&S shares sink lower after failing to recover from cyber attack July 8, 2025 Shares in FTSE 100 giant M&S are now lower than they were at the height of the cyber attack that hit the British icon earlier this year. The retailer’s shares are currently changing hands for 337p, after declining steadily from their 374p price on 16 June. That price was itself a recovery from the low [...]
NCC Group pivots on cyber security amid rising demand June 19, 2025 FTSE 250 tech firm NCC Group said it was changing the strategic direction of its cyber security division after revenue took a hit in the first half of the financial year. NCC’s revenue from cyber security tumbled nearly eight per cent to £123.5m for the first half of the year, down from £133.9m for the [...]
UK unveils cyber security war chest after M&S and Co-op attacks June 18, 2025 The UK government has launched a £16m war chest with the aim to accelerate growth in the country’s cyber security industry in the wake of high-profile attacks against the likes of M&S, the Co-op and Harrods in recent months. Unveiling the funding, the Department of Science, Innovation and Technology (DSIT) said the cyber growth action [...]
Bank of England loses hundreds of laptops amid rising cyber threats June 13, 2025 The Bank of England has come under fire after losing hundreds of tech devices worth nearly £300,000. Figures seen by Morning Wire reveal the Bank of England lost or had stolen over 300 laptops, tablets and phones between May 2022 and March 2025. Patrick Sullivan, chief executive of think tank Parliament Street, said: “The Bank [...]
Mastercard: Fraud attempts jump as retailers feel cyber attack sting June 3, 2025 The head of artificial intelligence at Mastercard said the payment giant had seen a surge in fraud attempts, which follows a string of cyber attacks on major retailers. Greg Ulrich, chief data and AI officer at Mastercard, told Morning Wire the payments network is “attacked perpetually” by fraudsters. The payments network recorded a 40 per [...]
Cyber attacks: What do hackers do with your data? May 30, 2025 A wave of cyber attacks across the UK has left hundreds of thousands of Brits’ personal information vulnerable to online criminals. M&S admitted that hackers stole personal data – but not payments information or passwords – in a cyber attack at the end of April, while recent breaches at the NHS and Legal Aid resulted [...]
A third of UK fintechs put customers data at risk of cyber attack May 29, 2025 UK fintechs are putting thousands of customers in jeopardy by leaving themselves vulnerable to a cyber attack, shocking new research reveals. Nearly 800 firms’ digital presence was analysed by the ethical hacking platform Ethiack as it scrutinised their cybersecurity. Four in ten fintechs were found to be giving hackers a “powerful headstart” by revealing software [...]