Strategy

Bitcoin braces itself for worst week in five years

Digital currency Bitcoin has fallen 30% this week, leaving it on track for its worst week since April 2013. On Friday the price fell below $7,910 on the Bitstamp exchange, a 12% fall on the day before, but recovered slightly. But although it is far short of the $19,000 it reached in November 2017, it […]

ONELOGIN DATA BREACH: HACKERS DECRYPTED SECURES USER DATA APPA AND KEYS

Global password managing service provider OneLogin has confirmed it has been hit by a data breach that allowed hackers to decrypt encrypted information. The OneLogin data breach has since been contained and the company is now advising affected clients on how to minimise damage caused by the data breach. OneLogin’s online Password Manager service allows […]

ELABORATE PHISHING ATTACK SWINDLED $100M FROM GOOGLE AND FACEBOOK

An elaborate phishing attack swindled as much as $100 million from Facebook and Google, with the hackers posing as vendor companies. The phishing attack targeted employees at Facebook and Google and tricked them into transferring up to $100 million to offshore bank accounts. Evaldas Rimasauskas, a Lithuanian national and mastermind behind the phishing attack, was […]

UK SHOULD USE MUSCULAR DIPLOMACY TO COUNTER CYBER THREAT SAYS EX GCHQ MAN

Britain is “particularly vulnerable” to cyber attacks from states like Russia which do not operate under the same legal standards, a former GCHQ deputy director of intelligence and cyber operations has warned. Brian Lord said the security services only have a “few people” who are able to counter cyber-attacks in an uneven battlefield where the […]

UKFAST ACQUIRES PUBLIC SECTOR CLOUD AND CYBER SECURITY PUBLIC SECTOR SPECIALIST

UKFast has announced the acquisition of another cloud and cybersecurity service provider, Secure Information Assurance (S-IA), following the announcement of a £2.3 million investment to bolster his firm’s government data centre space. S-IA provides secure cloud hosting and cybersecurity services to the UK Ministry of Defence, the Cabinet Office and a raft of other UK […]

SANTANDER WARNS OF CHALLENGING ENVIRONMENT DESPITE STRONG PERFORMANCE IN 2016

High street lender Santander has notched up a 13% hike in annual UK profits despite seeing a sharp slowdown in customer growth at its flagship current account. The banking giant posted underlying pre-tax profits of £2.03 billion for 2016, up from £1.79 billion the previous year. But Spanish owner Banco Santander saw the Brexit-hit pound […]