Nov, 2016 : Tesco Bank Freezes Transactions After Hack


📅 - Tesco Bank detected online criminal activity in over 40,000 accounts over the weekend, from those 40,000 accounts that detected ‘suspicious activity', at least 20,000 of those customers have had money stolen electronically.

Mark James, a security specialist said, “It could be mass harvesting of credentials, cards, ATMs, infiltration of the bank systems, but Tesco will need to keep the public informed if they want to come out of this on top. Whilst no system is 100% safe, keeping the victims well informed of your current operations is what's needed.”

Read more here.

Reads: 663 | Category: General | Source: TheHN : The Hosting News

Want to add a website news or press release ? Just do it, it's free! Use add web hosting news!

Other news


📅 - Despite Foreign Opposition China Implements New Cybersecurity Law - The controversial Cyber Security Law was passed in Beijing by the Standing Committee of the National People's Congress, government officials announced Monday. The new law grants Beijing government officials almost total access to foreign companies through mandatory testing and certification of computer equipment and technologies.

The new law takes effect in June, and many companies are worried about how they can continue to operate in China, the world's second largest economy.

James Zimmerman, the chairman of the American Chamber of Commerce in China, said in an e-mail, “This is a step backwards for innovation in China that won't do much to improve security. The Chinese government is ...
📅 - Cloud Adoption in Canada Brings Light to Security Concerns - Canada's cloud adoption is really taking off, but the recent growth has left more than three quarters of Canadian organizations feeling as though they're not handling cloud security properly. That research came to light in recent research released on Thursday by IT consultant company Scalar Decisions.

The report, titled Moving up the value chain: What we can learn from experienced cloud users, found that Canadian companies listed security concerns as their top concern after adopting cloud technology.

The study looked at 355 Canadian IT executives and top-level managers. Two fifths of the participants were from on-premise only organizations. A majority of Canadian organizations have not ...
📅 - Google Fires Back at EU Allegations in a Blog Post - The European Union recently alleged that Google has skewed its Shopping search results to favor Google products and services. Kent Walker, Google's Senior VP and General Counsel wrote in a blog post that regulators just aren't seeing the level of competition the company faces against the likes of Amazon and eBay Inc. The team said that the EU's allegations weren't based on accurate evidence and that if they were to make changes that the EU suggests, it would “ultimately harm users in favor of a small number of websites.”

A final quote from Google's blog post reaction to the allegations:

“The commission's revised case still rests on a theory that just doesn't fit the reality of how most ...
📅 - Venture Firms Not Focused on Diversity - According to a survey conducted by LinkedIn Pulse, venture capitalists are concerned about revenue targets and hiring the right people instead of worrying about diversity. Investors don't seem to be very concerned with the diversity within the management rankings or the commitment of building a diverse team.

Last year, the Ellen Pao vs. Kleiner Perkins Caufield & Byers case put this in the spotlight when Pao filed a suit for gender discrimination. She lost the case in March of 2015, ...
📅 - Small-Scale Attacks Must Also be Addressed by DDoS Mitigation Solutions - After the huge DDoS attack on Dyn, the industry has seen a massive wakeup. However, it's not just larger scale DDoS attacks that must be addressed. Those attacking small businesses must also be handled.

Often, smaller attacks are missed by legacy solutions since their thresholds are set higher for redirection. The reconnaissance vectors are used by attackers to figure out which systems are ...
📅 - Facebook Freezes WhatsApp Data Use Following U.K. Privacy Concerns - Facebook uses the mass amounts of data it collects about users and their buying habits for advertising purposes, but the U.K. recently took a stand for its citizens' privacy, demanding that Facebook stop using data from WhatsApp users in the country.

“We have now asked Facebook and WhatsApp to sign an undertaking committing to better explaining to customers how their data will be used,” said U.K. Information Commissioner Elizabeth Denham. “We've set out the law clearly to Facebook, and we're pleased that they've agreed to pause using data from U.K. WhatsApp users for advertisements or product improvement purposes.”

Facebook's attempts to monetize the WhatsApp platform prompted the ...