Evening Standard: Six of the top UK “challenger” banks have weak financial controls that leave them at risk of being victims of money laundering, terrorist financing, fraud and cyber-crime, the top City watchdog warned today.
Yahoo Finance: An Israeli private investigator pleaded guilty in a probe of a vast hacking-for-hire ring that allegedly targeted hedge funds, short sellers, journalists and advocacy groups fighting climate change.
Funds Tech: Europe’s financial institutions have been urged by regulators to makes themselves more resilient to a growing risk of cyber security that has been intensified by war and has stalled the economic recovery from Covid.
GDPR Buzz: The Danish Data Protection Agency (DPA) has proposed a fine of 10 million Danish Kroner – around $1.48 million – on the country’s largest lender, Danske Bank, for failing to implement GDPR-compliant procedures concerning the storage and deletion of the personal data of its customers. The DPA has also filed a criminal complaint against the bank and has reported it to the police over the failure to delete customers’ personal data from its systems.
Info Security: Half of UK cybersecurity chiefs feel burnt out and are thinking about resigning due to the immense pressure they’re under, according to a new study from Vectra AI.
RTE: Bank of Ireland has been fined €463,000 by the Data Protection Commission for data breaches affecting more than 50,000 customers.
Yahoo Finance: A day after U.S. President Joe Biden issued a stark warning that a Russian cyberattack “is coming,” members of his administration hosted a three-hour call with about 13,000 people representing businesses, public agencies and other organizations to discuss the potential threat.
PYMNTS: Seven teenagers were arrested by London police on Thursday (March 24) in connection with the recent hacking spree by the Lapsus$ cyber-crime gang that infiltrated Microsoft and Okta this week and recently, Samsung, Ubisoft and Nvidia.
Business Wire: New research from Thales has found that malware, ransomware and phishing continues to plague global organisations. In fact, one in five (21%) have experienced a ransomware attack in the last year; with 43% of those experiencing a significant impact on operations.
Yahoo News: EU countries should put in place a framework to manage cybersecurity risks at EU institutions, the European Commission said on Tuesday, amid concerns about rising cyberattacks that could disrupt key activities and steal sensitive information.
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