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Finance firms warned on rise of ransomware gangs in wake of Travelex attack

The recent cyber attack on foreign exchange provider Travelex demonstrates the growing threat of ransomware and serves as a stark warning that financial services firms need to step up their security. That’s according to a leading cyber expert.  Tim Thurlings of bluedog...
Posted On 14 Jan 2020
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Detailed Cifas research reveals 96% spike in retail account takeover fraud

The latest research project conducted by Cifas shows that there was an overall increase in online fraudulent conduct of 9% in the first nine months of 2019 when compared to the same period the previous year. The majority of online fraudulent conduct was made up of identity fraud,...
Posted On 06 Jan 2020
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UK and US-based investigations target harmful international cyber campaigns

The US Department of Justice (DoJ) has formally charged the leader of an organised cyber criminal group for their involvement in a malicious campaign affecting Government, infrastructure, business and the public globally. UK and US-based investigations by the National Crime...
Posted On 24 Dec 2019
Sundeep Tengur
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Identity and Artificial Intelligence: The Recipe for a Strong Fraud Defence

Financial services event Sibos recently ran in London, with the theme for 2019 being “Thriving in a hyper-connected world”. The market has long demanded quicker and more convenient payment methods, and the industry is now answering with ubiquitous payments, but at...
Posted On 17 Dec 2019
Rick McElroy
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Defender Confidence Rising in Maturing UK Cyber Threat Landscape

Looking at the headlines around cyber attacks and security breaches, anyone would be forgiven for thinking that organisations face an insurmountable cyber security task, asserts Rick McElroy. However, when we delve deeper into the UK cyber security landscape, a more nuanced...
Posted On 06 Dec 2019
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FICO Fraud Map shows UK card fraud losses hit record £671 million in 2018

Analytics software firm FICO has released its annual interactive European Fraud Map, which shows that the UK’s card fraud losses hit a record £671 million in 2018. The data from Euromonitor International and UK Finance compares these losses against previous years and 18 other...
Posted On 05 Dec 2019
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Caught in the Crossfire of Cyber Warfare

The National Cyber Security Centre’s (NCSC) Annual Review for 2019 doesn’t shy away from naming the four key protagonists when it comes to state-based cyber threats against our country. The comprehensive document sites China, Russia, North Korea and Iran as being actively...
Posted On 15 Nov 2019
Ewen O'Brien
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What Today’s Boards of Directors Are Missing About Cyber Security

Cyber attacks have increased significantly in recent years, bringing vital conversations about cyber security into the Boardroom. As Board oversight of cyber security has increased, so Board members (even those without technical expertise) have had to become rapidly acquainted...
Posted On 08 Nov 2019
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First threat assessment for universities produced by National Cyber Security Centre

The threats facing the UK’s world-leading universities and the steps they can take to protect themselves are outlined in a new report from the National Cyber Security Centre (NCSC). The NCSC’s threat assessment aims to raise awareness of state-sponsored espionage targeting...
Posted On 24 Sep 2019
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NTT Security partners with Europol in concerted bid to bolster threat intelligence

NTT Security, the specialist security company of the NTT Group, has signed a Memorandum of Understanding (MoU) with Europol’s European Cyber Crime Centre (EC3). This move forms part of its committment to sharing its strategic threat intelligence with industry partners and law...
Posted On 13 Aug 2019