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The 2016 Tesco bank hack – when banks are breached

It’s a rare thing for a bank to suffer a data breach, but around this time last year people were left fearful after Tesco suffered a massive security breach in their banking branch.

Reportedly, around 40,000 Tesco Bank accounts were affected with money taken from some 20,000 accounts.

At least £2.5 million was stolen in what was deemed as one of the biggest, successful attacks on a bank to have ever occurred, and potentially the very first, large-scale attack where money was directly stolen from a bank.
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HBO to produce multiple endings for Game of Thrones series to throw off leakers

Is this what we have to do nowadays to prevent the problems caused by leaks and hacks? Is this really what we need to stoop to?

It seems so…

The popular HBO network was recently hacked and had an incredible 1.5 terabytes of unreleased footage, scripts and other sensitive documents leaked. In a bid to prevent spoilers from being released, HBO are reportedly creating multiple endings to the popular TV show, Game of Thrones; and who can blame them, I guess?
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HBO files stolen in colossal cyberattack

On 27^th July 2017, cybercriminals reportedly hacked their way into HBO’s database, stealing a gigantic 1.5 terabytes of data.

HBO (full name The Home Box Office) produces some of the world’s best known and critically acclaimed TV ‘series, documentaries, movies, sporting events’ and more. The stolen data includes video footage, internal documents and emails.

So far, no ransom has been demanded for the safe return of the data, leading the company to fear the worst: leaks.
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Cyber threats: are they being taken seriously?

Cybercrime is no longer a high-tech fantasy phenomenon exclusive to science-fiction movies; it’s real and it needs to be dealt with!

Cyber-attacks can cause an incredible amount of damage that extends far and wide with no tangible end. Unlike a broken window that can be fixed, or stolen money that can be recovered in one way or another, stolen data from a malicious hacking can cause an insurmountable list of problems. Since it’s not tangible, the information can be copied and spread around the world at a click of a button.
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Is “military-grade” cyber-security required to combat data breaches?

Data breaches are at an ‘all-time high’. In this modern world where most things are done electronically and are connected to the internet, without sufficient cyber-security, our data is exposed to cybercriminals who can steal our money, spread our personal information around, and wreak havoc with our identities.

Whilst many encourage development of new applications and innovative software to help us share information at a click of a button, and pay our bills with a swipe of a finger, cyber-security is falling behind.

With the growing trend of breaches, what can we do to fully protect ourselves? Do we all need “military-grade” protection like our armed forced and government intelligence agencies do?
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Cyber insurance surges in demand amidst growing concerns over cyber security

As cyber-crime continues grow, companies are recognising the need for cybercrime insurance.

The industry is reported to be worth around a staggering £7.7 billion. The demand is ever increasing as companies and authorities are finally starting to see the true impact cyber-crime can have. Entities of all shapes and sizes are being targeted by intelligent cyber criminals who have the programming skills to bring security systems down and access any number of data once thought safe.
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The bigger the company, the bigger the target for cyber-crime!

Companies need to start ramping up their security measures as cyber-crime continues to rise!

According to a survey carried out by the British Chamber of Commerce, the bigger the company, the bigger the threat when it comes to cyber-attacks.

Still reeling from the recent WannaCry cyber-attacks that threw 99 countries into panic, companies may be finally starting to turn to their security researchers to see how to defend themselves against such an attack in the future. We all know that the hackers will try again in the future: it’s not a case of if, but when…
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Data of 100,000 U.S. Student loan applicants hacked

Regulators have identified that up to 100,000 student loan applicants could have had their personal information stolen by hackers.

This comes after a “data retrieval tool” that allowed applicants to upload their tax information to the Free Application for Federal Student Aid (FAFSA), which was hacked by criminals. John Koskinen, head Commissioner for the IRS, has been investigating the ways in which the breach could have happened.
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The largest cybercriminal network this decade, Avalanche, has now been dismantled

After eight years of its existence, Avalanche Botnet has now been dismantled in a 4-year-long international operation.

On 30 November, German prosecutors and police – working hand in hand with the Department of Justice and the FBI in the U.S., the EU’s law enforcement agency and other global partners – managed to disembody the international criminal network involved in phishing attacks, bank fraud, and ransomware for years around the world.
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“Open data requires the same level of protection as private data” – Sir Tim Berners-Lee warns that not protecting open data could “create chaos”

There are fresh concerns that open data could “create chaos” as the father of the World Wide Web, Sir Tim Berners-Lee, warns that open data should have a public infrastructure, and requires the same level of protection as private data.

As the world continues to rely more and more on data that can be transferred in the blink of an eye, has he got a point?
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