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Tesco Bank hack is the wakeup call needed to make mobile security a priority
The recent Tesco Bank hack has left the retail banking world reeling, searching for answers and more effective ways to secure networks against future attacks. It has been revealed weaknesses in the bank’s mobile applications left the door open for cybercriminals to brute force their way in and take more than £2.5 million of customers’ [...]
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The growing cyber insurance market and how to mitigate cyber risk
Cyber attacks are increasing in number and sophistication. ‘Transfer’ is one of the four ‘Ts’ of risk management, alongside terminate, tolerate and treat. We examine the growing market for cyber insurance, and the extent to which companies can effectively transfer their cyber risks. It seems like a scene straight out of a Hollywood blockbuster: criminals [...]
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Polish banks hit by Hackers through government regulator KNF
Polish banks have been hit by hackers who planted a malware infection which appears to have come through compromised servers at the Polish financial regulator KNF – responsible for enforcing security standards in the banking industry. The banks spent the last week searching for the hackers who broke into the financial institutions in an incident that looks to [...]
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28 January was Data Privacy & Protection Day – so what does that mean?
Did you know that 28 January was Data Privacy & Protection Day? It marks the anniversary of the first European Data Privacy Directive signed in 1981. Now more than 45 European countries, as well as Canada, India and the US, use the day to promote data privacy and protection best practices. With such a lot [...]
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Lloyds hit by international criminal gang cyber attack
A cyber attack by an international criminal gang is though to be responsible for digital services at Lloyds Banking Group being intermittently down for more than two days. The denial of service attack was unleashed on high street lenders two weeks ago, according to people familiar with the situation, although only customers of Lloyds experienced problems accessing [...]
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