Financial Services Archive
The world is changing rapidly and cyber criminals are adapting fast. Targeted cyber attacks by skilled and persistent criminals are now a worrying business reality. Increased interest in cyber insurance With more than 800 million records being leaked in 2017 …
In 2016, companies in the financial services sector were attacked 65% more often than those in any other industry, as reported by IBM X-Force Research. Over 200 million records were breached – a 937% increase compared to 2015. Source of …
Online banking customers are being warned to watch out for web addresses that may appear legitimate but are in fact fraudulent sites owned by cyber criminals. The domains are designed to look either superficially similar to legitimate sites or to …
Payday loan company Wonga has suffered a data breach that may have affected up to 270,000 customers’ personal data – including names, addresses, phone numbers, and financial information such as account numbers, sort codes and the last four digits of …
Cyber criminals are changing the way they get hold of bank account information – shifting their attention away from the banks themselves and towards phishing attacks that target customers directly. The change is paying off, according to Financial Fraud Action …
Ransomware is currently the biggest cyber security concern for many businesses, and the danger of an attack is continuing to grow. There has been a 600% growth in new ransomware families since December 2015, according to a recent Payment Card …
Six people, including two former managers with HBOS, were last week sentenced to a combined 47 years in jail for bribery and fraud. Lynden Scourfield pleaded guilty to six counts, including corruption, and was sentenced to 11 years and three …
Two weeks ago, Lloyds Bank was hit with a cyber attack that prevented customers from accessing their online accounts. The attack lasted over a week and the bank was inundated with Twitter complaints over the period. According to the BBC, …
This week, we discuss the 17-year-old who admitted to last year’s TalkTalk cyber attack, the compromise of more than 400 million ‘adult’ accounts, further news about the Tesco Bank breach, and a $1 million fine for Adobe Systems. Hello and …
Imagine that your organisation has access to billions of dollars. Great, isn’t it? Now imagine that you’re in the process of designing your security architecture. You’d expect an organisation with that amount of cash would have some very important data …
