UK small businesses being priced out of cyber insurance by high premiums and cost-of-living crunch June 16, 2022 The UK’s small businesses are increasingly being priced out of cyber insurance policies, due to sky-high premiums and the cost-of-living crunch. Almost a third (29 per cent) of companies with fewer than 250 staff cancelled their cyber insurance policies last year, as part of efforts to cut costs, research from GlobalData shows. A further 17.3 [...]
Binance hits back at claims it’s a ‘hub for hackers, fraudsters and drug traffickers’ June 6, 2022 Binance, the world’s largest cryptocurrency exchange, has brushed aside claims it is a “hub for hackers, fraudsters and drug traffickers,” after a Reuters investigation accused the Cayman Islands registered firm of serving as a “conduit for the laundering of at least $2.35bn in illicit funds”. In a blog post responding to Reuters’ article, the coin [...]
Government vows to ‘drive dirty money’ out of the UK economy through new Economic Crime bill May 10, 2022 The UK government has vowed crack down on “kleptocrats, criminals, and terrorists” by driving “dirty money” out of the UK economy through its new Economic Crime Bill. The new bill is set to boost transparency, strengthen powers to seize and recover crypto assets, and bolster the investigative powers held by Companies House. Anti-corruption campaigners [...]
UK stamps out record number of online scams following defence push May 10, 2022 A record number of online scams were removed from the internet last year thanks to the nation’s cyber experts significantly expanding the UK’s defences to push back against fraudsters, it has been revealed today. Ahead of the opening of its conference, the National Cyber Security Centre – a part of GCHQ – disclosed that more [...]
Revenue dips for cyber firm Avast following Russian exit and acquisitions May 3, 2022 Revenue was down one per cent to $234.6m (£187.3m) for cyber security firm Avast as the firm rolls out new products and makes strategic acquisitions for growth.
UK fraud office returns £1m to victims of ‘Wolf of Wimbledon’ scammer April 28, 2022 The UK’s serious fraud office (SFO) has returned £1m in stolen funds to more than 200 victims of Australian fraudster Jeffrey Revell-Reade. The SFO said it had handed over another £1m in stolen funds, on top of the £3m already returned, after the fraudster conned investors out of a total £70m. The return comes after [...]
UCL hit by nearly 60m email attacks since start of 2022 April 25, 2022 University College London was whacked with almost 60 million malicious email attacks in the first three months of this year, according to official figures. The data, which was obtained through the Freedom of Information (FOI) Act and analysed by the Parliament Street think tank, revealed that a total of 58,628,604 spam, phishing, malware and edge block [...]
Major firms should be ready for wave of Russian cyberattacks, global spy alliance says April 22, 2022 UK companies should protect themselves against cyberattacks and be wary of hackers exploiting software used to work from home, one the world’s major intelligence alliances has warned. The Five Eyes alliance of spy agencies from the UK, US, Canada, Australia and New Zealand, has said the Russian government is planning to launch a series of [...]
Cyber hack leaks personal details of UK government employees, which appear on Russian sites April 20, 2022 A suspected cyber attack leaked personal information of UK government employees, which appeared on Russian online sites. The foreign office launched an urgent investigation into the alleged hack, as it seeks to explore the origin of the leak amid fears a hostile foreign state was involved, according to the Telegraph. It told Morning Wire we [...]
Russian cyberattacks could cost insurers billions, industry experts warn April 3, 2022 Insurers could be forced to pay out billions to those impacted by cyberattacks following Russia’s invasion of Ukraine. Ambiguous wording in cyber insurance policies could see insurance companies made liable to pay out billions to victims of hacking Insurers may be forced to cover the costs imposed on businesses of paying for ransoms and repairing [...]