Refunding customers has cost Tesco Bank £2.5 million but the true cost of its recent security breach could be far higher.
Unprecedented DDoS attacks in September and October 2016 showed that the insecurity of the Internet of Things should be a serious concern for financial services organisations.
The topic of data security and fraud in the banking industry has sparked much conversation over the last couple of years. In part thanks to a rising number of very public cyber-attacks on big consumer brands such as Yahoo! and TalkTalk, consumers are increasingly aware of the need for sophisticated personal protection when it comes to keeping their data safe.
As car manufacturers around the globe join the rush to develop ‘smarter cars’, I can’t help but wonder just how much thought is going into applying the necessary security needed to protect them from attack by cyber-criminals. Plenty, some might say, but it is really wise to slot something so integral to our daily lives, and something so dangerous, into the Internet of Things without thorough and rigorous security testing?
Staying safe online is becoming an increasingly significant challenge, especially in a society which is connected to the internet almost constantly, and through a variety of different channels.
Cybercrime is on the rise. We read about it all the time, but do we really understand the extent to which it is spreading, and what can we do to keep up?
Blockchain technology is about as tough to crack as we can get, so how can somebody steal $72 million worth of bitcoins?
According to our research, nearly half of consumers would like their bank to put more security methods in place, meaning it’s risen on their list of priorities.
It goes without saying that money must be kept in a safe place. Since their invention coins (and notes) have been stored in the most secure locations, such as a guarded temple, vault or fortress, and later in banks.
In the last couple of weeks, hackers have put more than 360 million Myspace accounts up for sale in a 33 gigabyte dump online of a vast leak of personal details that included passwords, email addresses and usernames.