Romance fraudsters stole £65m from Brits since 2020

Financial losses to romance fraud have spiked by 95% across the consumer retail banking sector since the beginning of 2020, according to statistics released by TSB as part of a campaign to draw attention to the problem. In a report released today, the bank revealed that fraudsters posing as potential love interests online scammed […]

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NCSC for Startups inducts four companies into programme

The National Cyber Security Centre (NCSC) and innovation hub Plexal have selected four startups to join their NCSC for Startups accelerator. Operating from East London’s Olympic Park, Plexal provides a physical working space for startups, and uses its relationships with industry, academia, investors and government to help them develop and ultimately deploy their technologies […]

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Cloud security top risk to enterprises in 2023, says study

Cloud-related risks are top of the cyber security agenda for senior executives in the UK, according to a PwC study, with 39% expecting such risks to “significantly affect” their organisation in the coming months, more so than other forms of cyber risk emanating from other sources, such as physical endpoints, web applications, or software […]

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CryptoRom scam abuses Apple and Google app stores to claim victims

Two fraudulent cryptocurrency investment applications that were able to bypass the protections put in place by Apple and Google to protect downloads from their mobile app stores have been removed, after being identified as involved in a so-called CyptoRom scam by researchers at Sophos. In a report released today, Sophos senior threat researcher Jagadeesh […]

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PayPal slashes 2,000 jobs in face of tough economic outlook

Fintech giant PayPal has said it will cut 2,000 jobs – about 7% of staff – as it expects the current challenging economic conditions to continue. PayPal is a well-established fintech business, founded in 1999 by entrepreneurs including Elon Musk. PayPal is one if the darlings of the global world, growing fast as consumers […]

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Innovative Technology deploys age estimation tech in shops and pubs

Innovative Technology is rolling out its MyCheckr age estimation devices to shops and pubs to reduce the risk of selling alcohol to underage customers, following participation in UK government trials. Throughout 2022, the Home Office and the Office for Product Safety and Standards (OPSS) led nine trials of age estimation and verification technologies for […]

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