Investment scam targets Instagram users

Victims aged in their 20s have each lost an average of £8,900 after falling for investment scams that appear on image-sharing platform Instagram. Action Fraud, a UK police-led awareness centre, said there had been a surge in activity in recent months by fraudsters posting about get-rich-quick schemes. Victims are promised high returns within 24 hours, […]

Cyber thieves set sights on hijacking payment data

Thousands of websites are being hit by cyber-thieves who implant code to scoop up payment card numbers, research suggests. Security giant Symantec found more than 4,800 websites were being hit by these “form-jacking” attacks every month. High-profile victims of these attacks include airline BA and Ticketmaster. Online crime groups had turned to the attacks as […]

JP Morgan creates first US bank-backed cryptocurrency

US investment bank JP Morgan has created a cryptocurrency to help settle payments between clients in its wholesale payments business. JPM Coin is the first digital currency to be backed by a major US bank. The crypto-currency, which runs on blockchain technology, has been used successfully to move money between the bank and a client […]

Insolvency service and ICO crack the whip on spam marketing menace

The Insolvency Service has imposed a six-year ban on the director of a company that made more than 115,000 automated marketing calls to citizens without obtaining their prior consent. In October, the Information Commissioner’s Office imposed a £70,000 penalty on a company called The Lead Experts for willfully making more than 115,000 automated marketing calls […]

Huawei says tackling security concerns may take five years

It will take three to five years for Huawei to address security issues raised by the UK government, the company has said. The Chinese firm, which has earmarked $2bn (£1.5bn) for the process, outlined the timetable in a letter to MPs. Huawei, the world’s biggest producer of telecoms equipment, faces allegations that its equipment could pose […]

Best selling cars at high risk of ‘keyless theft’

Hundreds of popular cars – including four of the five best-selling models in the UK – are susceptible to “keyless theft”, new research claims. Consumer group Which? found the Ford Fiesta, Volkswagen Golf, Nissan Qashqai and Ford Focus were all at risk. Thieves are increasingly thought to be using technology to bypass entry systems on […]

UK cyber crime victims lose £190,000 a day

More than £190,000 a day is lost in the UK by victims of cyber-crime, police statistics show. More than a third of victims in that period fell prey to the hacking of social media and email accounts. Action Fraud said £34.6m was reported to be stolen from victims between April and September 2018, a 24% […]

Bug in Singapore Airlines website exposed personal data of customers

Singapore Airlines has announced that a software bug that surfaced during an upgrade to its official website on January 4th allowed frequent flyers to view personal information of other frequent flyers and exposed data of up to 285 flyers before the bug was fixed. Last week, a Singapore Airlines customer, who is a member of […]

Uber fined £385,000 for losing UK customer data

Uber has been fined £385,000 for letting hackers steal data on 2.7 million UK customers. The full names, addresses and phone numbers of users went astray in the 2016 attack. The data had been stolen thanks to “avoidable data security flaws”, said the Information Commissioner’s Office. Uber has also been fined 600,000 euros (£532,000) by […]