The latest figures from the European Central Bank (ECB) show that card fraud is at its lowest level in the Euro Zone since it began reporting data, after a 12% drop in card-not-present theft. In its findings for the full year 2021, the ECB reported a total of €1.53bn in card fraud, the lowest […]
JPMorgan Chase, which has about 300,000 staff globally, will announce about 500 job cuts this week, which will include the removal of roles in the technology and operations departments. According a Reuters report, quoting CNBC, the cuts will affect the bank’s main business of consumer and commercial banking as well as asset and wealth […]
The impact of two separate cyber security incidents at Capita continues to spread as more and more of the organisations’ customers report downstream data breaches, with the data of hundreds of thousands – potentially millions – of private individuals likely affected. As many as 90 organisations say they have now seen some impact, according […]
Thank you for joining! Access your Pro+ Content below. 30 May 2023 Can the UK cash in on chips? Share this item with your network: In this week’s Computer Weekly, the UK government has committed £1bn to the semiconductor sector – but can it ever compete with the US and China? The potential of 5G […]
It is largely recognised among the IT security community that there is a direct correlation between the quality of code – as a percentage of coding errors per thousand lines of code – and cyber security. Simply put, the more bugs in code, the greater the chance they will be exploited as an attack […]
Birmingham City Council’s new council leader has informed local newspapers of spiralling costs in a major enterprise resource planning (ERP) upgrade project. In an interview given to the Birmingham Mail, city council leader John Cotton described the “disastrous” Oracle system, which has left taxpayers with a £100m bill. Although details of the problems the […]
Networking technology giant Cisco has become the latest supporter of Manchester’s growing Digital Security Hub (DiSH) cyber security accelerator, launching a series of initiatives to support the centre’s ambitions to be at the forefront of security innovation in northwest England. Manchester already hosts a growing cyber security ecosystem, besides DiSH being home to GCHQ’s […]
A former IT security analyst who exploited an opportunistic ransomware attack to impersonate the attackers and conduct his own, secondary cyber attack on his employer has been convicted of blackmail and unauthorised access to a computer with intent to commit other offences, after completely failing to properly cover his tracks. Ashley Liles, 28, of […]
It’s no secret that the UK is facing a huge fraud problem. Economic crime is thought to cost the UK as a whole up to £350bn per year and fraud accounts for 40% of all reported crime. The national Action Fraud reporting service dealt with around one million contacts last year, representing reported losses […]
There’s a little bit of a trap sometimes that can arise in the way that humans understand and process language. Specifically, sometimes we take the meaning of a word or phrase for granted. By this, I mean we use a term meaning a given thing, only for those hearing us to understand the term […]