Boards at some of the UK’s biggest companies still don’t fully understand the potential impact of a cyber attack according to a new report. The Government’s Cyber Governance Health Check looks at the approach the UK’s FTSE 350 companies take for cyber security. The 2018 report published today shows that less than a fifth (16%) […]

The UK government has announced the creation of a specialist court to hear cases relating to cybercrime. The deal has been inked between the City of London Corporation and the judiciary and will result in the establishment of an 18-courtroom center, the UK government said on Wednesday. First announced back in October and now given the […]

A new state-of-the-art court to tackle cyber crime and fraud in the financial sector is to open in the City of London. Ministers say the court will enhance Britain’s reputation as a country where banking and finance is underpinned by the rule of law, and help the authorities tackle the growing menace of computer crime. […]

For someone supposed to be laundering millions of dollars in stolen funds, with investigators from three countries scrambling to track the money, Ding Zhize was a surprisingly unhurried man. He’d brought a dozen or so high rollers from ­China to play in the glitzy VIP room in MetroManila’s Solaire casino. The game was baccarat. It was late February […]

It was reported on November 30, 2016, that Liechtenstein-based Valartis Bank has been threatened by computer hackers demanding a ransom in return for not releasing the personal information of its clients to financial watchdogs. The hackers have reportedly demanded that 10 percent of the bank’s account balances be paid to them in bitcoin before December […]

There was a huge rise in cybercrime last year which helped overall UK fraud break through the £1 billion barrier for the first time in five years. According to KPMG’s Fraud Barometer, cybercrime rose a whopping 1266% last year to £124 million, taking the total value of fraud to £1.1 billion. KPMG’s Fraud Barometer measures […]

Five months after the release of the Panama Papers, a new, searchable database of 1.3 million files leaked from the company register of the Bahamas to German newspaper Süddeutsche Zeitung has ‘brought to light details of the financial interests of politicians, entrepreneurs, financiers – and fraudsters.” The new information reveals previously unknown or little-reported connections […]

You may have seen in the news last week that at least ten different businesses in Guernsey had been targeted by cyber attackers who had demanded a ransom to recover lost files (http://www.bbc.co.uk/news/world-europe-guernsey-35563983). This is just one example of how hacking companies for their data is on the rise, and at the heart of every […]