Bank of Ireland fined over data breaches
Bank of Ireland has been fined €463,000 by the Data Protection Commission for a series of data breaches affecting customer personal information.
FCA records 50% rise in serious cyber incidents at UK firms
Cyber incidents reported to the UK's Financial Conduct Authority in 2021 are up by over 50%, with a fifth involving ransom software.
Cybercriminals demand $15 million ransom for return of hacked TransUnion data
Hackers are demanding a $15 million payment for the return of 54 million customer records stolen form a server operated by credit bureau TransUnion in South Africa.
ECB warns banks of possible Russian cyberattack
With the Ukraine crisis brewing, the European Central Bank is talking to financial institutions about a possible Russian-sponsored cyberattack, according to Reuters.
New cyber attack laws proposed by UK Govt
The UK is consulting on new measures for greater resilience among British businesses’ cyber security. This move is part of a £2.6 billion National Cyber Strategy and comes after high profile cyber-attacks.
JPMorgan Chase to spend $12bn on tech this year
JPMorgan Chase will spend more than $12 billion on technology in 2022, contributing to an eight per cent rise in expenses that could hurt the bank's profitability targets.
Chainalysis: North Korean hackers stole $400m worth of digital assets in 2021
Legacy tech mishandling costs Morgan Stanley $60 million in data breach suit
Morgan Stanley has agreed a $60 million class action settlement relating to legacy technology mishandling that led to two seperate data breaches in 2016 and 2019.
