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Industry News: ESG5

Danske Bank Launches Initiative to Help SME Customers with Cyber Security

2019-05-20

ComputerWeekly: Danske Bank has rolled out a Technical Support Initiative (TSI) to help its small to medium-sized enterprise (SME) customers in Denmark reinforce their IT systems and infrastructure defences against increasing cyber attacks. The TSI is guided by a 12-month research project, conducted in-house by the bank, which revealed that around 27% of Danish SMEs had experienced cyber attacks in recent years...

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The EU Agrees on Rules to Punish Cyberattackers

2019-05-20

UsNews: In an age where cybersecurity threats are an increasing worry, the European Council is pushing a plan to better respond to cyberthreats. The Council adopted on May 17 a framework for targeted sanctions in order to respond to and deter cyberattacks on the European Union and its member states...

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French Regulatory Agency Sees 14,000% Surge in Crypto-Related Scam Enquiries Since 2016

2019-05-07

Cointelegraph: The French stock markets regulator AMF has seen over a 14,000% surge in enquiries related to fraudulent crypto offers in 2018 as opposed to 2016, the agency wrote in a new annual report released May 7. In the report, the Autorite des Marches Financiers (AMF) specified that the number of enquiries associated with crypto-related scams online has surged to over 2,600 in 2018 from only 18 similar enquiries back in 2016...

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Pregnancy Club Fined £400,000 for Illegally Sharing Data of over 14 Million People

2019-04-15

ZDNet:  Pregnancy club Bounty UK Limited has been fined £400,000 for illegally sharing and selling information belonging to 14 million individuals without their explicit consent. The fine was imposed by the UK's data protection watchdog, the Information Commissioner's Office (ICO). Personal data relating to pregnancy, new mothers, mothers-to-be, and the birth dates & sex of children were shared. The ICO said the data was collected from those who were "potentially vulnerable."...

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Pension Funds Falling Short on Cybersecurity, Regulator Warns

2019-04-01

IPE:  The risk of data security incidents is increasing as pension funds insufficiently factor cybersecurity into their risk assessments, Dutch pensions supervisor De Nederlandsche Bank (DNB) has warned. In its annual security monitor, the regulator said that financial institutions, including pension funds, insufficiently evaluated their risk management in this area, or failed to anticipate developments in data security...

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Aluminium Firm Cyber-attack Cost at Least £25.6m

2019-03-27

BBC: A cyber-attack on a Norwegian aluminium company has cost it at least 300 million Norwegian kroner (£25.6m). Hydro, which employs 35,000 people in 40 countries, was hit by malware last week. The company said it was slowly bringing affected systems back online but the "preliminary" cost of the incident had been about 300-350 million kroner. Most of those losses had been in its Extruded Solutions division, which makes aluminium facades, Hydro said...

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Ukrainian Man Faces up to 6 Years in Jail for Cryptojacking on his own Websites

2019-03-27

Cointelegraph: Ukraine’s Cyber Police have arrested a man who allegedly placed crypto mining malware scripts on his own websites, local law enforcement reported on March 26. The cyber crime unit of the national police of Ukraine arrested a 32-year-old man from the Bukovina region who allegedly placed cryptojacking software on a number of educational websites that he created and administered. The unspecified websites and internet resources had 1.5 million monthly visitors, the police reported...

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EU to Pool and Network its Cybersecurity Expertise – Council Agrees its Position on Cybersecurity Centres

2019-03-13

EuropeanUnion: The EU is stepping up its capacity to protect Europe against ever-increasing cyber threats by creating a new structure to pool and network its expertise in cybersecurity research, technology and industrial development. Today, the Council's Permanent Representatives Committee granted the Romanian presidency a mandate to start talks with the European Parliament on establishing a top knowledge base for cybersecurity called the European Cybersecurity Industrial...

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