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TSB pays the price for IT meltdown, losing 16,000 customers

More than 16,000 customers have deserted the TSB in the wake of an IT meltdown earlier this year. The figures – released by the payments operator BACS – show the net loss in accounts between April and June. As many as 1.9 million people were left unable to access their own money in April, after […]

Apple boss Tim Cook praises GDPR and wants a tougher US privacy law

Apple chief executive Tim Cook has demanded a tough new US data protection law, in an unusual speech in Europe. Referring to the misuse of “deeply personal” data, he said it was being “weaponised against us with military efficiency”. “We shouldn’t sugar-coat the consequences,” he added. “This is surveillance.” The strongly-worded speech presented a striking […]

Tumblr patches a flaw that could have exposed users’ account details

Tumblr has published a report admitting the presence of a security vulnerability in its website that could have allowed hackers to steal login credentials and other private information for users’ accounts. The affected information included users email addresses, protected (hashed and salted) account passwords, self-reported location (a feature no longer available), previously used email addresses, last login […]

Name checks to appear on bank payments in bid to combat fraudsters

The name of someone receiving a payment will be as important as their banking details for the first time from next summer, in an attempt to combat fraud. At present, anyone wanting to transfer money enters the intended recipient’s name, account number and sort code. However, the name is not checked. Under plans from the […]

Dating site scam victims lose £2000 to fraudsters

The majority of those tricked in “rom-cons” after meeting people on dating sites lost more than £2,000, research by Barclays suggests. Fraud experts have said that thousands of people have lost millions of pounds in online dating scams. Barclays found those aged 45 to 64 were most likely to be victims, according to reports it […]