Hacked: Hacking Finance

Hacked: Hacking Finance


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Cybersecurity

BoE asks FinTech Firms to Help Warn Banks About Cyberattacks

Posted on December 1st, 2016.

The Bank of England is recruiting FinTech companies to help prevent cyberattacks targeting financial institutions, according to a report from The Telegraph. Earlier this year, the Depository Trust & Clearing Corporation (DTCC) conducted a survey, which found that cyber risks topped the list of financial service concerns. According to...

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Cybersecurity

New York Tops City Risk Index for Cyberattack Threats

Posted on November 4th, 2016.

The increasing risk of cyberattacks has placed New York as the number one city at risk of a cyberattack with $14.08 billion of economic growth at risk, according to Lloyd’s City Risk Index report. In a joint report with the University of Cambridge, the Lloyd’s City Risk Index 2015-2025 report looked at 301 global cities covering 18...

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Cybersecurity

The NHS is at Risk of Cyberattacks, Says UK Minister

Posted on November 1st, 2016.

A U.K. minister for Cabinet has said that cyberattacks present a real threat to the National Health Service (NHS) in the U.K., according to a report from The Telegraph. In an article for the U.K. daily newspaper, Ben Gummer, minister for Cabinet, said that ‘large quantities of sensitive data’ accessed by the NHS and the U.K. government...

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Breaches

Cybersecurity Spending Doubles Threat Growth Sees UK Businesses Spend More On Security

Posted on October 5th, 2016.

As the threat of cybersecurity grows in the U.K. companies are reported to be spending twice as much to prevent their businesses from being targeted, reports City A.M. In 2016 budgets spent on cybersecurity more than doubled compared to that spent in 2015. It’s reported that, on average, the budget rose to £6.2 million per business as...