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Government-backed Cyber Security Challenge UK stages “most realistic civilian cyber attack ever”

On Friday 20 November, the UK’s most promising amateur cyber defenders competed to avert a simulated biological attack on Church House within the Grounds of Westminster Abbey staged by a fictional cyber terrorist group. The competition, known as ‘Masterclass’...
Posted On 23 Nov 2015
PwC suggests that businesses should start planning now around how they will implement the National Living Wage even if they will not be immediately impacted in 2016
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“Businesses must take proactive stance on National Living Wage” comments PwC survey

A new survey of 135 businesses with an average of 11,000 employees reveals that they each expect to pay an extra £1.6 million on average in wages across 2016, and up to £11 million more by 2020 due to the introduction of the National Living Wage. Retailers expect the biggest wage...
Posted On 18 Oct 2015
The global cyber insurance market could grow to $5 billion in annual premiums by 2018
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“Global cyber insurance market set to reach $7.5 billion threshold by 2020” states PwC report

The global cyber insurance market could grow to a value of $5 billion in annual premiums by 2018 and at least $7.5 billion by the end of the decade. That’s the considered viewpoint espoused in ‘Insurance 2020 and Beyond: Reaping the Dividends of Cyber...
Posted On 14 Sep 2015
Scott Samme: joining the team at PwC
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PwC appoints analytics directors to Financial Services Risk and Regulation team

PwC has appointed two new data analytics directors to the UK company’s Financial Services Risk and Regulation team. Scott Samme and Tayyaba Arif immediately join the leadership team of PwC’s Financial Services Advanced Risk and Compliance Analytics (ARCA) practice. Samme joins...
Posted On 01 Sep 2015
Brian Sims BA (Hons) Hon FSyI: Editor of Risk Xtra
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In Total Control?

Robust financial benchmarks play a significant role in the global economy and impact a multitude of monetary instruments and contracts used by companies, Governments and consumers. It’s somewhat worrying, then, that the Financial Conduct Authority’s (FCA) thematic review of...
Posted On 17 Aug 2015
The PwC-Tanium partnership brings together top-notch security expertise with groundbreaking technology that enables 15-second endpoint visibility and control to empower the largest and most important organisations on the planet in battling cyber attacks
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PwC and Tanium bring new cyber security services to market with strategic alliance

PwC and Tanium – the company that has “redefined security and systems management” – have unveiled a new form of strategic partnership that will bring together the deep technical security expertise, threat intelligence and consulting practices of PwC with...
Posted On 06 Aug 2015
Cyber risk tops the list of concerns for UK insurers
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“Cyber risk is Number One concern for UK insurers” outlines new CSFI/PwC Survey

According to the annual ‘Banana Skins’ survey of perceived risks to the sector conducted by the Centre for the Study of Financial Innovation* (CSFI) and PwC, cyber risk tops the list of concerns for UK insurers. The UK’s insurance industry shares the global concern about...
Posted On 20 Jul 2015
Chris Gould
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EY brings in experienced professional Chris Gould to lead fight against cyber criminals in UK plc

EY has appointed a new partner, Chris Gould, specifically to head up its cyber crime team in the UK. He will now lead a group of dedicated professionals that helps organisations tackle the threat of cyber crime by pro-actively identifying threats, responding to data breaches and...
Posted On 24 Jun 2015
British Army soldiers taking part in a training exercise
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PwC report pinpoints modern terrorism and cyber threats as “most concerning” for UK public

A new report published by PwC on perceptions around the role of the Armed Forces finds that members of the public are increasingly concerned by ‘modern threats’. More than ten times as many people (65%) believe that terrorist and non-state groups and cyber attacks pose the...
Posted On 23 Jun 2015
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Government urges businesses to take action as cyber security breaches double

The average cost of the most severe online security breach for big business now starts at a staggering £1.46 million – up from £600,000 in 2014. That’s according to UK Government research findings issued to raise awareness of the growing cyber threat.  The Information...
Posted On 04 Jun 2015