Britain’s £1.3bn cyber security programme might fail to meet its aims, financial watchdogs warn

BRITAIN’S £1.3billion cyber security programme might fail to meet its aims, financial watchdogs warned yesterday. They identified shortcomings in deciding how much money the five-year Government initiative needed before its launch in 2016. This has led to concern about how computer attacks will be tackled after 2021, partly because proper funding has not been assessed, said the National Audit Office. […]

Read more

Cyber teams uncovered 5,000 criminal phishing scams preying on people's savings last year

Scammers attempting to seize personal details of Brits were unmasked by three command centres run by the taxman. Officials working for HMRC also disconnected 450 phone lines dedicated to crooks intent on defrauding the public. The intelligence squads got to the sophisticated schemes before the public even reported them to the authorities. Tactics include threatening hundreds of victims a day […]

Read more

SWIFT says helping Bangladesh Bank rebuild network after cyber heist

NEW DELHI (Reuters) – International payments network SWIFT said on Saturday it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal $81 million in 2016 in the world’s biggest cyber heist. Unidentified hackers, suspected to be from North Korea, carried out the heist by breaching Bangladesh Bank’s systems and […]

Read more

SWIFT says helping Bangladesh Bank rebuild network after cyber heist

NEW DELHI (Reuters) – International payments network SWIFT said on Saturday it had signed an agreement with Bangladesh’s central bank to help it rebuild its infrastructure after hackers used it to steal $81 million in 2016 in the world’s biggest cyber heist. Unidentified hackers, suspected to be from North Korea, carried out the heist by breaching Bangladesh Bank’s systems and […]

Read more

Germany seeks to bolster cyber defenses ahead of European Parliament election

BERLIN (Reuters) – German officials are racing to bolster cyber security after a far-reaching data breach by a 20-year-old student laid bare the vulnerability of Europe’s largest economy ahead of a critical European Parliament election in May. Officials say they are anxious to close security gaps and raise awareness ahead of the upcoming election, where voters from across the European […]

Read more

Hacked diplomatic cables reveal Europe's anxiety about Trump, Russia, Iran: NYT

(Reuters) – Hackers accessed the European Union’s diplomatic communications network for years, downloading cables that reveal concerns about the Trump administration, struggles to deal with Russia and China and the risk of Iran reviving its nuclear program, the New York Times reported late on Tuesday. More than 1,100 cables were supplied to the Times by security firm Area 1 after […]

Read more