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The UK Cyber Monitoring Centre reviews the Canvas breach affecting 160 UK universities, highlighting data theft risks and financial impacts of cyber incidents
The UK’s financial authorities have set expectations for the sector on cybersecurity and operational resilience
Most UK manufacturers compromised last year suffered financial loss, says ESET
The UK’s financial regulator has issued new rules to make incident and third-party reporting clearer
Also: US Sanctions UK-Registered Exchanges Over Iran TiesThis week, Step Finance and CrossCurve hacks, the United States sanctioned U.K.-registered exchanges over Iran ties, forfeiture finalization of funds linked to Helix, Coinbase data breach, 2025's illicit crypto flows and a UK regulator banned Coinbase ads.
Mind the cyber gap – similar flaws highlighted multiple years in a row Concerned about the orgs that safeguard your money? The UK's annual cybersecurity review for 2025 suggests you should be. Despite years of regulation, financial organizations continue to miss basic cybersecurity safeguards.…
Customers report being locked out after grabbing the password manager via F-Droid Some HSBC mobile banking customers in the UK report being locked out of the bank's app after installing the Bitwarden password manager via an open source app catalog.…
Little Progress Made to Mandate Customer Reimbursement for Financial ScamsFinancial scams and synthetic identity fraud showed no signs of slowing in 2025, as regulators focused on fraud prevention over reimbursement for victims. But some countries joined the United Kingdom in advancing new anti-scam measures that focus on prevention and industry accountability.
Watchdog links schedule change to replanning of UK payments system overhaul The European Central Bank's (ECB) decision to delay its move to a new messaging standard in 2022 ended up costing the Bank of England £23 million as it was forced to adjust migration to a new settlement system to avoid compounding risks.…
Also: UK Fraud Investigators Make Arrests in $28M Basis Markets Rug-Pull ProbeThis week, World Liberty Financial scrambles to secure user funds, the U.K.'s Serious Fraud Office arrests two people over a $28M Basis Markets rug-pull probe, a Gana Payment hack drains $3.1M and Crypto Dispensers weighs a $100M sale following money-laundering charges against its CEO.
Security by Design or Be Fined, Committee SuggestsA U.K. parliamentary committee is recommending a new statute forcing software publishers to hew to secure-by-design principles or else face financial penalties. The committee called for "enforcement agencies" empowered to levy fines to monitor industry for compliance.
UK cops trace street-level crime to sanctions-busting networks tied to Moscow's war economy On Christmas Day 2024, a Russian-linked laundering network bought itself a very special present: a controlling stake in a Kyrgyzstan bank, later used to wash cybercrime profits and funnel money into Moscow's war machine, according to the UK's National Crime Agency (NCA).…
UK financial technology company Checkout announced that the ShinyHunters threat group has breached one of its legacy cloud storage systems and is now extorting the company for a ransom. [...]
Clop's Oracle EBS exploit spree shows no sign of slowing, claims nearly 30 more casualties in media, finance, and tech. Digital engineering outfit GlobalLogic says personal data from more than 10,000 current and former employees was exposed in the wave of Oracle E-Business Suite (EBS) attacks attributed to the Clop ransomware gang. The Hitachi-owned biz joins a growing roster of high-profile victims that also now includes The Washington Post and Allianz UK.…
This kind of material economic impact from online crooks thought to be a UK-first The Bank of England (BoE) has cited the cyberattack on Jaguar Land Rover (JLR) as one of the reasons for the country's slower-than-expected GDP growth in its latest rates decision.…
UK Finance reveals a 3% increase in the value and 17% increase in the volume of fraud in H1 2025
Financial Loss Tied to the Hack Estimated at 1.9B PoundsThe hack of Jaguar Land Rover will likely cost the British economy 1.9 billion pounds, making it the single most expensive cyber incident to have occurred in the United Kingdom. That number could go up if hackers damaged the operational technology controlling assembly lines.
Hundreds of thousands of workers in financial despair supported with landmark loan The UK government is stepping in with financial support for Jaguar Land Rover, providing it with a hefty loan as it continues to battle the fallout from a cyberattack.…
Guess how much of our direct transatlantic data capacity runs through two cables in Bude? Feature The first transatlantic cable, laid in 1858, delivered a little over 700 messages before promptly dying a few weeks later. 167 years on, the undersea cables connecting the UK to the outside world process £220 billion in daily financial transactions. Now, the UK Parliament's Joint Committee on National Security Strategy (JCNSS) has told the government that it has to do a better job of protecting them.…
Covid-style financial support? Nothing to confirm yet, say MPs The chair of the UK's business and trade committee says the situation at Jaguar Land Rover is likely to get "harder and harder over the next week or two," but stopped short of confirming that the government might intervene with financial support.…