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Financial Crime/Fraud Prevention

Interpol warns of cybercriminals using vaccine scams to defraud governments

Interpol has warned that organised crime groups are attempting to defraud governments by offering fake Covid-19 vaccine deals.

T-Mobile confirms data breach after 100 million customers compromised

T-Mobile has confirmed it has suffered a data breach after hackers obtained records of up to 100 million of its customers and is offering to put them up for sale.

CBIRC demands insurance company self-checks in management crackdown

The China Banking and Insurance Regulatory Commission (CBIRC) has called on online insurance firms to conduct self-assessments to identify violations and make corrections.

Chinese spies posed as Iranians to breach Israeli networks, cyber firm FireEye claims

Security company FireEye has claimed that Chinese spies pretended to be Iranian hackers for two years to break into Israeli government and telecommunication networks.

German firms suffer more than twice as much damage from cyberattacks since pandemic began

German companies facing a shortage of cybersecurity professionals as the pandemic creates new avenues of attack, new report found.

Accenture hit by ransomware attack by LockBit 2.0 group

IT consultancy giant Accenture has suffered a ransomware hack at the hands of ransomware group LockBit 2.0.

US making cybersecurity progress but work still needed, congressional report details

A report by the US Cyberspace Solarium Commission has found the US has made significant progress in shoring its cyber defences but that its work is not over yet.

Retail firms popular target for ransomware and data-theft, survey finds

A survey by cybersecurity company Sophos has found that retail organisations have become a popular target for ransomware and data stealing during the pandemic.

FCA receives over 2,700 financial misconduct complaints over 2020/21

The Financial Conduct Authority (FCA) has revealed it received a total of 2,754 allegations of financial misconduct over the 2020/21 financial year.

OwnBackup to expand market reach after snaring $240m in Series E round

US data protection solutions provider OwnBackup has secured $240m from a Series E funding round at a valuation of $3.35bn.

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