Cyber criminals impersonating IT help desks to launch attacks
The National Cyber Security Centre (NCSC) has warned that criminals launching cyber-attacks at British retailers are impersonating IT help desks to break into organisations with Marks & Spencer, Co-op and Harrods targeted in the last two weeks. The Co-op apologised after hackers – who call themselves DragonForce – said they had stolen 20 million of […]
Alliance of international hackers launch weekly cyberattacks on UK
An alliance of pro-Russian and pro-Palestinian hackers is reportedly launching weekly cyberattacks against the UK’s state agencies, armed forces, infrastructure operators, councils and security services, including the MI6 website. The simultaneous attacks targeting the agencies’ websites were carried out last month, hacker Mr Hamza claimed on the Holy League coalition’s Telegram Channel. ‘Our message is clear: this […]
Widening range of risks increases demand for D&O cover
Demand for Directors & Officers(D&O) insurance is being driven by a widening range of risks according to a survey by Global Insurance Law Connect (GILC), a global network of law firms with insurance expertise. The survey focuses on the impacts of regulation and sanctions, increasing attention on environmental, social and governance (ESG), and the ongoing […]
Essentials of insuring data protection risks
Insuring data risks can appear daunting with businesses needing to satisfy a range of obligations in terms of compliance, storage, access, and reporting when data breaches occur. Therefore, it is essential for businesses to meticulously review their insurance policies. In 2024 the ICO , the UK’s data protection regulator, completed 36,049 data protection complaints and […]
Cyberattack victims take High Court action over stolen personal information
More than 450 employees of organisations including the BBC, British Airways and Boots have sued Zellis alleging the payroll and human resources provider failed to take action to prevent a cyberattack suspected to have been carried out by Clop, a Russian cybercrime group. Clop posted a notice on the dark web in June 2023 claiming […]
Government launches new bill to enhance UK cyber-resilience
The British government is to enhance the nation’s cyber-resilience with a new bill which will hand more power to regulators around cybersecurity incidents and mandate reporting for ransomware attacks. The Cyber Security and Resilience Bill was announced in the King’s Speech in response to attacks on the United Kingdom’s digital economy by both cybercriminals and […]
Deepfake cyber-crime set to become significant threat
Experts are forecasting a worrying rise in incidents of deepfake cyber-crime that has already claimed one high profile UK victim. The engineering group Arup, which has been involved in world-famous buildings such as the Sydney Opera House, lost £19.7m ($25m) in one of the world’s biggest known deepfake scams which used a hyper-realistic video generated […]
Russian cyber gang suspected of ransomware attack on London hospitals
A Russian cyber gang has been blamed fora ransomware cyber-attack which hit major London hospitals forcing a critical incident to be declared and operations cancelled. Emergency patients were diverted to hospitals that had not partnered with Synnovis – a provider of pathology services. Synnovis “was the victim of a ransomware cyberattack”, according to chief executive […]
China suspected of major cyber-attack on MoD payroll system
The UK government suspects China is behind the cyber-attack that targeted the names and bank details of current and former British military personnel. The hack accessed a Ministry of Defence contractor’s IT system that was not linked to the MoD’s central network. A small number of addresses were also on the system. An initial investigation […]
Pressure mounts for disclosure of climate risk assessment information
The pressure to meet the higher bar for climate risk information set by Europe has seen UK-headquartered Shell taking a lead by disclosing its risk scenario for net zero emissions by 2050. Shell disclosed risk under which the world reaches net zero emissions by 2050 in its financial statements last year. Shell priced this risk […]