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The Times of Israel: A leading Israeli cybersecurity company found that a series of cyberattacks against Egyptian journalists, academics, opposition politicians and rights activists was likely perpetrated by the Egyptian government.
Bob's Guide: On May 14, BoE’s director of supervisory risk specialists, Nick Strange gave a progress report on operational resilience, and announced that the Financial Policy Committee (FPC) would have an upcoming stress testing pilot on payment systems.
IOL: According to reports, Africa’s Fintech ecosystem has surged 60 percent in the last two years and the continent’s Fintech firms have grown to 491 from 301 in 2017, with $132.8 million raised in 2018, making last year the sector’s best year yet - and proving the sector’s readiness given the high mobile phone penetration levels and the boom in mobile financial services and payment technologies.
Bloomberg: A Russian hacker admitted Monday that he executed the largest known cyber-attack against a U.S. bank, pleading guilty to charges that he stole data on more than 80 million clients of JPMorgan Chase & Co. and other institutions that netted hundreds of millions of dollars in ill-gotten gains.
Business Irish: Justice Minister Charlie Flanagan has admitted that the Government cannot deal with the threat of cyber-attacks on its own. Speaking this morning at the Secure Computing Forum cyber security conference at Dublin's RDS, the Minister stressed that Ireland needs to stay ahead of the growing number of cyber-criminals.
Cision: Nearly two-fifths of European businesses have knowingly fallen victim to a cyberattack in the last five years, with 64% admitting that they may have been hacked unknowingly. This is compounded by a sense of apathy and acceptance, as 62% of respondents believe hackers are more sophisticated than security software developers.
The Telegraph: Ripjar, a start-up headquartered in Cheltenham and backed by British hedge fund billionaire David Harding, saw its losses for 2018 climb to £3.7m from £1.9m the previous year. Administrative expenses rose to £5.6m from £3.2m in 2017, despite a 30.6pc increase in turnover to £2.6m.
ZDNet: Criminals are using AI-generated audio to impersonate a CEO's voice and con subordinates into transferring funds to a scammer's account. So-called deepfake voice attacks could be the next frontier in a scam that's cost US businesses almost $2bn over the past two years using fraudulent email.
Reuters: The personal data watchdog said the full names, addresses, copies of ID cards as well as bank account numbers and property deed data of 33,492 people who have taken loans from the bank had been improperly disclosed and accessed by third parties.
BBC: A team of French police dubbed "cybergendarmes" has destroyed a virus that infected more than 850,000 computers worldwide, authorities say.
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