UK ransomware attacks double in past year March 28, 2022 New data has revealed that the number of ransomware attacks reported to the Information Commissioner’s Office has increased 100 per cent from 326 in 2020 to 654 in 2021.
Olympics investor UK Sport hit by almost a quarter of a million cyber attacks in past year March 21, 2022 UK Sport, the government agency responsible for investing in Olympic and Paralympic sport in the United Kingdom, has been hit by almost a quarter of a million cyber attacks during the past year, according to official figures.
Google snaps up cybersecurity firm Mandiant for £4.1bn March 8, 2022 Alphabet’s Google has snapped up cybersecurity firm Mandiant for $5.4bn (£4.1bn) in cash as the company expands its thriving cloud business. Google’s offer of $23 per share is at a premium of about 53 per cent to Mandiant’s stock price before a report that said Microsoft was eyeing a deal to buy the company, Reuters reported this morning. It [...]
A third of mid-market firms were whacked by hacker outages in 2021 March 7, 2022 New research has revealed that one in three mid-market firms suffered from a hacker induced outage in 2021. According to a report by cyber firm Censornet, one in five companies were forced to pay hackers to deactivate ransomware, with the average pay-out hitting £144,000, and seven per cent handing out more than £500,000. “For the [...]
UK fraudsters extend their reach after taking advantage of two-thirds more victims during Covid February 24, 2022 The number of UK fraud cases worth more than £100,000 jumped by two-thirds (66 per cent) between 2020 and 2021, according to new figures from KPMG’s UK Fraud Barometer. The figures show fraudsters took a splatter-gun approach to financial crime last year, in defrauding a larger number of victims for smaller sums of money than [...]
Darktrace snaps up Dutch Cybersprint to drive preventative cyber attack approach February 23, 2022 Tech darling Darktrace announced that it has snapped up Cybersprint, an attack surface management company that provides continuous, real-time insights from an outside-in perspective to eliminate blind spots and detect risks, for €47.5m (£39.6m), valuing the transaction 12.5 times Cybersprint’s annual recurring revenue.
Weekend chat: Traditional methods to tackle £750m fraud tsunami is like taking a knife into a gunfight February 19, 2022 From scam phone calls, text messages and emails, fake websites, falsified documents and fake insurance claims, fraud has become big business – and a big problem. In the first half of 2021, criminals stole a total more than £753m million through fraud, an increase of 30 percent compared to the first half of 2020, according [...]
‘Tech success story’: UK cyber security sector hits record £10bn in revenue February 17, 2022 Britain’s tech sector continues to break records as new government data shows more than 1,800 cyber security firms generated a total of £10.1bn in revenue in the most recent financial year, a 14 per cent increase from the previous financial year.
Cybersecurity: ‘To cripple UK, Putin does not need nuclear weapons’ February 4, 2022 The UK’s public sector needs to be “agile” in employing the government’s new cybersecurity strategy, according to analysts, amid fears of a Russian devised cyberattack. While the strategy, published last week, “looks good on paper” – there are significant areas of improvement, say experts. “To cripple the UK, Putin does not need nuclear weapons,” explained cybersecurity expert [...]
Why the Winter Olympics is an opportunity for cybercriminals February 1, 2022 Only domestic spectators will be able to attend the Winter Olympics when it begins this week, meaning there is likely to be significant global interest in the streamed productions – and therefore opportunity for cybercriminals. These cybercriminals look to take advantage by harvesting credentials from illegitimate websites, attempting to compromise devices via email campaigns, or [...]
