These are the four biggest threats to financial stability, according to the Bank of England March 26, 2015 The financial policy committee (FPC) which looks after financial stability over at the Bank of England, has outlined the areas it intends to keep a closer eye on in its quarterly assessment released today. 1. Geopolitical turmoil Eurozone turmoil could pose a threat to future financial stability. There have been some encouraging signs recently but [...]
Chinese government cyber division accused of hacking Google March 25, 2015 A wing of the Chinese government has been accused of being behind a recent attack on Google, as well as previous hacks on Microsoft, Apple and Yahoo. Anti-censorship organisation GreatFire.org today highlighted a recent admission by Google that it had been the subject of a “man in the middle” (MITM) attack which it traced [...]
PayPal sets up cyber security centre in Israel and buys startup CyActive March 11, 2015 Online payments company PayPal yesterday announced it was establishing a cyber security centre in Beersheba, Israel, and has bought local startup CyActive to help to launch the development. PayPal, which is due to be spun off from eBay later this year, did not disclose financial details, but Israeli media have said the purchase was worth [...]
PayPal boosting cyber security with buyout of Israeli CyActive March 9, 2015 ONLINE payments company Paypal is set to expand its cyber security business with the acquisition of the Israeli tech firm CyActive, it emerged yesterday. The $60m (£40m) buyout of CyActive will be Paypal’s second acquisition of an Israel-based company, after it purchased FraudSciences in 2008 for $169m. CyActive was founded in 2013 and provides companies [...]
Chinese hackers managed to spy on companies via the Forbes website, and could still have access in some cases February 10, 2015 A Chinese hacking group managed to gain access to to the computer systems of thousands of businesses via the Forbes website. From 28 November to 1 December last year, the well established group Cosodo circumvented the company's cyber security measures by exploiting a loophole in its Adobe software, allowing it to infiltrate all [...]
Safer Internet Day: How to protect your business against cyber attacks February 10, 2015 Today is Safer Internet Day – an annual event dedicated to the importance of cyber security in an increasingly digital world. For businesses, one of the most difficult and growing challenges they face is protecting against hackers, who are becoming more frequent and severe in their attacks as they develop new and improved [...]
Sony Pictures co-chief Amy Pascal steps down after North Korea hack February 5, 2015 Sony Pictures co-chief Amy Pascal is stepping down from the entertainment company just months after it was targeted by hackers causing one of the largest leaks of information in corporate history. The head of the movie studio is leaving to set up her own production company in the wake of the leaks which caused embarrassing [...]
Cyber London: Startup scheme hopes to make UK the centre of cyber security technology January 28, 2015 A new scheme called Cyber London (CyLon) has been set up to help the UK become Europe's centre for cyber security startups. The not-for-profit accelerator programme, which will provide funding to 10 teams this year over a 13 week period, plans to give professional advice and training to young companies. It is hoped that [...]
Facebook, Instagram and Tinder down for over an hour but social media giant denies cyber-attack January 27, 2015 Millions of Facebook and Instagram users were left stranded without profiles to lurk, updates to post and photos to “like” this morning, as the social networks were down for around an hour. Even Tinder users were unable to get swiping with the dating app shut down by what Facebook say was a fault caused [...]
Malaysia Airlines website hacked by Lizard Squad claiming to be “cyber caliphate” January 26, 2015 The website of troubled carrier Malaysia Airlines has been hacked by Lizard Squad, the group which previously claimed responsibility for taking down Sony’s PlayStation gaming network. The airline's website shows a picture of a lizard in a top hat used by the hacker group. In the message it claims to be the “official cyber caliphate” [...]