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Showing results for tags 'cyber'.
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Britain's markets watchdog has fined Tesco 16.4 million pounds for failing to protect account holders at its bank from a "foreseeable" cyber attack two years ago. The Financial Conduct Authority said that in November 2016 cyber attackers exploited deficiencies in Tesco Bank's design of its debit card and in its financial crime controls. "Those deficiencies left Tesco Bank’s personal current account holders vulnerable to a largely avoidable incident that occurred over 48 hours and which netted the cyber attackers 2.26 million pounds," the FCA said in a statement on Monday. It was the watchdog's first fine for cyber failings. Ensuring lenders become more resilient to cyber attacks has also become a priority for the Bank of England. https://www.msn.com/en-gb/money/news/uk-watchdog-fines-tesco-£164-million-for-bank-cyber-failings/ar-BBNMgN7?ocid=spartandhp -
According to a security expert, tens of millions of usernames and passwords have been hacked, concerning email accounts with Gmail, Hotmail and Yahoo, with the details traded online. The report says that data from somewhere in the region of 97 million accounts have been swiped. It looks like personal information from around 40 million Yahoo Mail accounts, 33 million Hotmail accounts and 24 million Gmail accounts have been accessed. You can read Hold Security's full report on this breach, right here, if you want to know more. Obviously, it'd be a good time to update your password if you have accounts with any of those companies http://www.bitterwallet.com/privacy/cyber-attack-hits-millions-of-gmail-hotmail-and-yahoo-accounts-91917 -
Telephone and broadband provider Talktalk saw profits more than halve following a hack attack on its systems last October. Profits fell to £14m compared with £32m a year earlier. That fall is partly due to the costs of last year's serious cyber attack, which cost the company £42m. TalkTalk confirmed that 95,000 customers had left the ISP in direct response to the cyber attack. http://www.bbc.co.uk/news/business-36273449 This is a huge wake-up call for every company that stores customer details. If they don't take security seriously, it will cost them dearly.
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READ MORE HERE: https://www.gov.uk/government/news/defence-secretary-announces-40m-cyber-security-operations-centre -
Ebay has asked users to change their passwords following a cyberattack that compromised one of its databases. The auction site said that the database contained encrypted passwords and other non-financial information. The US firm added that it had no evidence of there being unauthorised activity on its members' accounts. However, it said that changing the passwords was "best practice and will help enhance security for eBay users". http://www.bbc.co.uk/news/technology-27503290
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" Eight men have been arrested after a gang stole more than £1m from a high street bank by taking control of one of its computer systems. The money was stolen from a Barclays branch in Swiss Cottage, London, earlier this year, using a device known as a "keyboard, video and mouse" (KVM) switch. The hardware, which can be purchased online for as little as £10 and is the size of a small laptop computer, allowed the gang to transmit the contents of the computer's desktop and take control of the machine remotely. It is believed the device was installed by a man who pretended to be an IT engineer to gain access to the branch. Some £1.3m was withdrawn from accounts, although much of the money has since been recovered." http://uk.news.yahoo.com/arrests-1-3m-barclays-bank-theft-072554030.html#DATSVA3
