Tag: the UK
Ransomware the most significant cyber threat facing the UK, report finds
The UK’s National Cyber Security Centre (NCSC) claims it has fought off a record number of digital intrusions this year driven by a surge in ransomware.
BNPL regulatory crackdown on the horizon as UK Treasury launches consultation
The Treasury has unveiled a consultation on the policy options for the buy now, pay later (BNPL) sector as potentially firmer regulation on the market comes into sight.
UK to invest £5bn in cyber unit to perform retaliatory cyberattacks
The UK will invest £5bn into the creation of a Cyber Force unit that will strike back on cyberattacks with retaliatory hacks.
UK Chancellor Sunak eyes regulatory reform in wake of Greensill crisis
Rishi Sunak has demanded two reviews of the country’s financial regulation linked to supply chain finance followed the collapse of Greensill Capital earlier this year.
Pixel to acquire Cyphra to tackle growing cybersecurity issues for UK...
IT company Pixel Holdco is set to purchase Northern Irish cybersecurity firm Cyphra for an undisclosed fee.
Global cyber study finds US remains dominant power, China continues ascent
A study by the International Institute for Strategic Studies (IISS) has found the US continues to lead the way as the number one cyber power worldwide.
Study finds AML compliance costing UK firms over £28bn a year
A study by LexisNexis Risk Solutions has found anti-money laundering (AML) compliance is costing UK financial institutions £28.7bn and will raise to £30bn by 2023.
JBS Foods halts production following multinational cyberattack
Food processing giant JBS Foods has closed down production at multiple sites globally following a cyberattack.
