London will cement its place as a world-leader in the fight against cyber attacks and threats with an investment of up to £14.5 million in a new innovation centre to develop the next of generation of cyber security technology to help keep the nation safe.

Barely months after coming up for air over the fake accounting scandal, Wells Fargo is facing further scrutiny, this time over a data breach that saw the accounts of 50,000 of its wealthiest clients accidentally leaked to a former employee.

Imperva, Inc. (NASDAQ: IMPV), committed to protecting business-critical data and applications in the cloud and on-premises, today announced the results of a survey of 310 IT security professionals taken at the Infosecurity Europe trade show. The survey found that when it comes to insider threats, over half (58 percent) of the IT security professionals were deeply concerned not primarily about malicious users, but about careless users who unwittingly put their organization’s data at risk.

Britain’s SMEs are shifting the billions spent each year on hiring traditional experts, such as legal and procurement consultants, to leverage the skills required to survive in an increasingly digital world, including those for cybersecurity and new payments technology.

Several Ukrainian banks are understood to have been affected by what appears to be a coordinated ransomware cyberattack targeting firms around the world. The Ukrainian central banks says that a number of banks in the country are "having difficulties with client services", while media reports say that the Kiev metro system is not accepting card payments.

For the second time in three years, hackers have installed malware on POS systems at US discount chain Kmart and stolen customer credit card data.