Financial Loss

FT Cyber-Summit: SWIFT's CISO shares new security strategy

FT Cyber-Summit: SWIFT's CISO shares new security strategy

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SWIFT's CISO, Alain Desausoi, took the stage today at the FT Cyber-Summit to announce the changes the company has planned to prevent further breaches of its systems.

SWIFT introduces daily reporting system for member customers

SWIFT introduces daily reporting system for member customers

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SWIFT has introduced a daily reporting system intended to help members of the financial messaging system identify fraudulent payments made over the network.

Leoni AG suffers £34 million whaling attack

Leoni AG suffers £34 million whaling attack

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Leoni AG, Europe's biggest manufacturer of wires and electrical cables, has announced losses of £34 million ($44.6 million) following a whaling attack.

Hackers have stolen £49 million worth of bitcoins

Hackers have stolen £49 million worth of bitcoins

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£49 million worth of Bitcoins have been stolen from Hong Kong-based bitcoin exchange causing the price of Bitcoin to drop, and thus shaking confidence in the Bitcoin space.

Business email compromise (BEC) netting billions for scammers

Business email compromise (BEC) netting billions for scammers

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Your next scam du jour: targeted stings and swindles based on impersonating key personnel are hitting as many as 400 companies a day.

New device can allegedly clone 15 contactless bank cards a second

New device can allegedly clone 15 contactless bank cards a second

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The Daily Star newspaper is reporting that a new device has surfaced online which has the ability to clone 15 contactless bank cards a second.

TeamViewer has potential security flaw, Reddit community in upheaval

TeamViewer has potential security flaw, Reddit community in upheaval

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The TeamViewer Reddit community is currently in upheavel, claiming that TeamViewer is the cause of their computers being infected and with malware and financial accounts emptied.

Costs of TalkTalk breach amount to £60m

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TalkTalk has revealed that the October data breach has cost the firm up to £60m, resulting in the loss of over 100K customers.

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