Mandating Cybersecurity for CNI Companies

The UK recently proposed a hefty fine (as high as £17 million, or up to 4% of annual turnover) for Critical National Infrastructure (CNI) companies that fail to develop strategies and policies, and implement security measures to manage their cybersecurity risks. This mandate comes on the heels of the EU’s impending General Data Protection Regulations (GDPR), which sets guidelines for how sensitive data should be protected. While GDPR focuses more on data loss prevention, this proposed legislation shifts the focus to comprehensive cybersecurity resilience and preparedness.

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CeX Breach

It has been reported this morning that second hand goods store CeX has been the victim of a massive data breach, resulting in data from over 2000 customers being stolen. The UK retailer said customers’ names, physical addresses, email addresses and phone numbers were compromised in the attack that saw “an unauthorised third party” illegally access its computer systems. Hackers may have also swiped encrypted data from expired credit and debit cards up to 2009 in a “small number of instances.” However, CeX said any payment card data that may have been stolen in the attack “has long since expired” since they stopped storing financial data in 2009.

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European institutions targeted by Gazer backdoor from Turla hacking group

Newly documented Gazer backdoor identified as the latest tool to be used in espionage campaigns across Europe

ESET, the leading global cybersecurity company, today publishes the discovery of a new, advanced backdoor used by the notorious hacking group Turla. Dubbed Gazer, ESET researchers are first to document this newly identified backdoor, actively deployed since 2016, targeting European institutions.

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FT Survey Reveals Tech Sector Struggling to Prepare for new EU Data Protection Laws

The Financial Times reported this morning that Tech companies are already counting the cost of sweeping EU rules on data protection that will not be introduced until next year. A Financial Times survey revealed that the sector is scrambling to hire new staff and redesign products as it faces millions of dollars in higher costs and lost revenues. The FT contacted 20 of the largest social media, software, financial technology and internet companies with EU operations, about the bloc’s new General Data Protection Regulation. It comes into effect next May and will require businesses to adopt stricter standards for dealing with customer data. Facebook was one of three companies to say that initial compliance would cost several million dollars. Others said they faced having to hire extra staff and consultants to implement changes so that customers could delete information, or export it in a format compatible with rival services.

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Mandating Cybersecurity for CNI Companies –

The UK recently proposed a hefty fine (as high as £17 million, or up to 4% of annual turnover) for Critical National Infrastructure (CNI) companies that fail to develop strategies and policies, and implement security measures to manage their cybersecurity risks. This mandate comes on the heels of the EU’s impending General Data Protection Regulations (GDPR), which sets guidelines for how sensitive data should be protected. While GDPR focuses more on data loss prevention, this proposed legislation shifts the focus to comprehensive cybersecurity resilience and preparedness.

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UK’s Critical Infrastructure Skipping Basic Cyber Security Checks and Ignoring DDoS Threats

  • Freedom of Information data reveals lack of cyber resilience among critical infrastructure organisations, as UK considers imposing fines of up to £17m for infrastructure organisations that fail to protect themselves against cyber attacks, under the NIS Directive
  • CNI organisations could be ignoring 90% of the DDoS attacks on their networks by not mitigating short duration DDoS attacks, which are frequently used by hackers to distract from data theft attempts

London, UK – August 29, 2017 – Over a third of national critical infrastructure organisations in the UK (39%) have not completed basic cyber security standards issued by the UK government, according to data revealed under the Freedom of Information Act by Corero Network Security (LSE: CNS), a leading provider of real-time DDoS defence solutions.

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Redwood Bank launches four months after securing its initial banking licence

  • Offices open in Letchworth and Warrington
  • Warrington Borough Council is a major shareholder
  • New products launched include SME mortgages for business owners and professional landlords, and a competitive 35-day business savings account
  • The first business bank with 100% cloud-based infrastructure

 Redwood Bank, Britain’s newest business bank for SMEs (small and medium sized enterprises), has announced that just over four months after securing its initial banking licence, it has completed its “Mobilisation” phase and has now opened for business, offering secured SME mortgages for business owners, as well as for experienced commercial and residential property investors. It has also launched a competitive business deposit account.

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Gamble Snatches Junior Title Advantage As Priaulx and Harper Close Gap

Elite Motorsport’s Tom Gamble has taken over the lead of the Simpson Race Products Ginetta Junior Championship at Rockingham Motor Speedway this weekend (26 / 27 August) as a first, second and third place finish nudged him ahead of former leader, Seb Priaulx (HHC). The best weekend of any 2017 driver for Daniel Harper (two wins and a second place) brings the Douglas Motorsport entrant right into the title fight with six races to go.

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