Originally published on fintechmagazine.com . CTO at Clearswift, Dr. Guy Bunker, discusses his views on the top threats to finance and how to mitigate them. Recent reports show that cyber-attacks on financial services sector rose fivefold in 2018 and in April 2018, seven of the UK's biggest banks suffered major cyber-attacks that forced them to reduce operations or even shut down systems. The...

Originally published on computerweekly.com Excerpt: With security threats growing in scale and complexity, security analytics provide a way for IT teams to stay one step ahead of cyber attackers. The challenge is to ensure this technology continues to be effective in the face of new security challenges Read the full article >

Originally posted on CNN.com Excerpt: Asen Genov is pretty furious. His personal data was made public this week after records of more than 5 million Bulgarians got stolen by hackers from the country's tax revenue office. In a country of just 7 million people, the scale of the hack means that just about every working adult has been affected. Read the full article >

Originally published on FOX 17 . SOFIA, Bulgaria (CNN) — Asen Genov is pretty furious. His personal data was made public last week after records of more than 5 million Bulgarians got stolen by hackers from the country’s tax revenue office. In a country of just 7 million people, the scale of the hack means that just about every working adult has been affected. We should all be angry. … The...

Originally published on businesstelegraph.co.uk . For the last few years, digital transformation within the tech sector has seemed akin to the opening of Pandora’s box : seemingly overnight firms have begun to be bombarded with AI driven solutions, the possibilities of commercial drones, edge computing, cloud storage, and of course the ubiquitous IoT software that can be found everywhere from a...

Originally published on itgovernance.co.uk . Phishing scams aren’t as compelling as some of the more sophisticated attacks that you read about. But their prosaic nature is part of what makes them so concerning. After all, every unusual email you receive could be a phishing scam, whether it’s an account reset message from Amazon or a work request from your boss. And evidence shows that attacks like...

Originally published on CENTRACOMM.net. Big hacks and data leaks are nothing new, but this year has seen a surge in reported breaches. The reason for this might be simple: After the EU general update to data protection regulation (GDPR) came into place in May, firms are more likely to report attacks. But it also demonstrates that the huge amounts of data collected by companies is not immune to...

Originally published on darkreading.com. Excerpt: British Airways is facing a £183 million (US$229 million) fine for a June 2018 data breach — the largest fine to date under the European Union's General Data Protection Regulation (GDPR). Read full article >

Following an extensive investigation, the Information Commissioner’s Office (ICO) has issued a notice of its intention to fine British Airways £183.39 million for infringements of the General Data Protection Regulation (GDPR).

Originally published on infosecurity-magazine.com . Brexit presents a unique opportunity for hackers as, similarly to con men, they thrive on confusion and chaos – something that today’s political uncertainty provides in spades. Most people think of hacking as using malicious code for some nefarious purpose – be it stealing data or installing malware – but many often forget that in order to upload...

“DDoS attacks can be carried out in a number of different ways, and it has become increasingly simple to ‘hire’ a botnet to carry out the attack by multiple means which makes it more difficult to prevent. " - Dr Guy Bunker

Originally posted on informationsecuritybuzz.com Excerpt: Security researchers at Cybereason have uncovered a massive espionage campaign involving the theft of call records from hacked cell network providers to conduct targeted surveillance on individuals of interest. Read the full article >

Originally published on informationsecurity.report . As part of our experts Comments Series, Dr Guy Bunker, CTO at Clearswift Cyber Security commented below on the subject of the recent use of DDOS attacks on the messaging app Telegram, which the founder of Telegram states was a concerted state-sponsored attack intended to disrupt the Cantonese anti-extradition protests. Dr Bunker discusses the...

Originally posted on verdict.co.uk Excerpt: ‘Gnosticplayers’ appears to have struck again last week, with the notorious hacker claiming to be behind the 24 May data breach that saw the personal details of almost 140 million Canva users accessed. Read the full article >