Showing only posts tagged Business. Show all posts.

Millions more in cash needed to fund UK’s open-banking watchdog

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Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers Banks are under pressure to stump up millions of pounds in interim funding for the organisation that polices open banking, with regulators saying the new money is needed to prevent financial crime and …

Russia-based LockBit ransomware hackers attempt comeback

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Gang sets up new site on dark web and releases rambling statement explaining how it was infiltrated by law enforcement agencies The LockBit ransomware gang is attempting a comeback days after its operations were severely disrupted by a coordinated international crackdown. The Russia-based group has set up a new …

Seized ransomware network LockBit rewired to expose hackers to world

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Four arrested and LockBit victims will get help to recover data after joint operation in UK, US and Europe The entire “command and control” apparatus for the ransomware group LockBit is now in possession of law enforcement, the UK’s National Crime Agency has revealed, after it emerged that …

Ex-Post Office boss ‘gave Fujitsu bonus contract despite warnings’

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Exclusive: Whistleblowers say Paula Vennells agreed to move archive, which risked destroying data that could clear operators The former Post Office boss Paula Vennells gave Fujitsu a bonus contract in 2013 to take over an archive of branch data, despite warnings such a move would destroy evidence that might …

Hackers steal customer data from Europe’s largest parking app operator

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Owner of RingGo and ParkMobile says data including parts of credit card numbers taken in cyber-attack Europe’s largest parking app operator has reported itself to information regulators in the EU and UK after hackers stole customer data. EasyPark Group, the owner of brands including RingGo and ParkMobile, said …

Greens accuse Labor and Coalition of ‘race to the bottom’ over migration bill – as it happened

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This blog is now closed. Third freed immigration detainee arrested after he allegedly breached bail conditions RBA interest rates: Australian mortgage holders spared pre-Christmas rise from Reserve Bank Get our morning and afternoon news emails, free app or daily news podcast Marles says Australians should express views on Israel-Hamas …

Australia news live: Commonwealth Games consultants say limitations imposed on business case research; monarchists ‘thrilled’ by news of King’s visit

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Meanwhile, ahead of the Reserve Bank’s decision on Tuesday afternoon, most economists expect the cash rate to stay steady at 4.35%. Follow the day’s news live Get our morning and afternoon news emails, free app or daily news podcast Marles says Australians should express views on …

Private UK health data donated for medical research shared with insurance companies

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Observer investigation reveals UK Biobank opened its biomedical database to insurance firms despite pledge it would not do so Sensitive health information donated for medical research by half a million UK citizens has been shared with insurance companies despite a pledge that it would not be. An Observer investigation …

Twitter chaos after Elon Musk takeover may have violated privacy order, DoJ alleges

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US Department of Justice questions compliance with FTC order on data security and privacy practices Elon Musk’s takeover of Twitter created a “chaotic environment” at the social media platform that may have violated a government order requiring an overhaul of its data security and privacy practices, according to …

Customer data used for unwanted romantic contact, UK poll shows

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Almost one in three people aged 18-34 have been messaged by staff after giving personal details to a business Almost one in three people aged 18-34 have received unwanted romantic contact after giving their personal information to a business, a UK poll has shown. The Information Commissioner’s Office …

Home affairs cyber survey exposed personal data of participating firms

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Shadow minister says leak of ‘sensitive’ information after research into the Optus and Medibank hacks was ‘deeply ironic’ Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails, free app or daily news podcast The home affairs department exposed the personal information …

BA, Boots and BBC cyber-attack: who is behind it and what happens next?

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A cybercrime group has exploited a flaw in MOVEit software and is demanding a ransom British Airways, Boots and the BBC have been hit with an ultimatum to begin ransom negotiations from a cybercrime group after employees’ personal data was stolen in a hacking attack. It emerged on Wednesday …

Real estate agents push back against Australian privacy law changes designed to protect personal data

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Real Estate Institute of Australia president says additional layer of responsibility could force smaller agencies to close down Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails, free app or daily news podcast Real estate agents are pushing back against proposed …

UK competition watchdog launches review of AI market

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CMA to look at underlying systems of artificial intelligence tools amid concerns over false information Business live – latest updates The UK competition watchdog has fired a shot across the bows of companies racing to commercialise artificial intelligence technology, announcing a review of the sector as fears grow over the …

Former TSB chief information officer fined £81,000 over IT meltdown in 2018

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Regulator says Carlos Abarca ‘failed to take reasonable steps’ to ensure outsourcing firm was ready to migrate accounts en masse UK regulators have imposed an £81,000 fine on a former TSB information officer over the bank’s IT meltdown in 2018 that left millions of customers locked out …

Labor plan to beef up government’s cyber powers faces Senate block

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A paper expanding on greater ability to intervene during hacks – especially on private companies – causes alarm among Coalition and Greens Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails, free app or daily news podcast Labor could face Senate difficulties if …

European Commission bans staff using TikTok on work devices over security fears

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Parent company, ByteDance, says action is ‘misguided’ and has contacted commission to ‘set the record straight’ The EU’s executive body has banned its thousands of staff from using TikTok over cybersecurity concerns, a decision the Chinese-owned social video app has criticised as “misguided” and based on “fundamental misconceptions …

‘I’m not Snow White. I have to think like a criminal’: how I became a burglar for hire

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Jenny Radcliffe is a professional ‘people hacker’ – someone who claims she can get past anyone and get in anywhere. No building is secure. How does she do it? Plus, an extract from her memoir ‘Do I look like someone to mess with?” says Jenny Radcliffe, folding her arms in …

Australia to consider European-style right to be forgotten privacy laws

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Attorney general promises ‘whole range’ of modernisations of the Privacy Act to follow new customer data protection laws Follow our Australia news live blog for the latest updates Get our morning and afternoon news emails, free app or daily news podcast The right to be forgotten and a right …

TikTok tells European users its staff in China get access to their data

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Privacy policy update confirms data of continent’s users available to range of TikTok bases including in Brazil, Israel and US TikTok is spelling out to its European users that their data can be accessed by employees outside the continent, including in China, amid political and regulatory concerns about …

Outsourcer Interserve fined £4.4m for failing to stop cyber-attack

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Watchdog says phishing email enabled hackers to steal personal information of 113,000 employees Britain’s data watchdog has fined the construction group Interserve £4.4m after a cyber-attack that enabled hackers to steal the personal and financial information of up to 113,000 employees. The attack occurred when …

Anthony Albanese says ‘Optus should pay’ for new passports for data breach victims

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Push comes day after states suggest telco will pick up multi-million dollar tab for replacing driver’s licences of affected customers Get our free news app, morning email briefing or daily news podcast The federal government has demanded Optus pay for new passports for customers caught up in the …

Purported Optus hacker releases 10,000 records including email addresses from defence and prime minister’s office

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Optus CEO says federal police are ‘all over’ post with ultimatum demanding $1m within four days after massive data breach Purported Optus hacker releases 10,000 records including from defence and prime minister’s office Follow our Australia news live blog for the latest updates Get our free news …

Optus cyber-attack could involve customers dating back to 2017

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CEO says company has not yet confirmed how many people were affected by hack, but 9.8 million was ‘worst case scenario’ Get our free news app, morning email briefing or daily news podcast Optus customers dating as far back as 2017 could be caught up in the massive …

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