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Industry News: ESG5

    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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    UK Cyber-Security Efforts Criticised by Audit Office

    2019-03-15

    BBC: The warning came in a National Audit Office (NAO) assessment of the UK's national cyber-defence plan. The government is increasingly worried that these essential sectors will be targeted by foreign states seeking to disrupt UK life. Modern life was now "totally dependent" on cyber-security, said one expert...

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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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    Bank of England to Test Banks' Resilience to Cyber Attacks

    2019-03-05

    Euronews: LONDON (Reuters) - Britain's banks will have to show they could recover from a cyber attack within hours to avoid customer payments being delayed to the next day, the Bank of England said on Tuesday. The BoE said it would hold a pilot cyber stress test of lenders mid-2019 but individual results won't be published...

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    Cyber attack on Malta bank tried to transfer cash abroad

    2019-02-13

    Reuters: Prime Minister Joseph Muscat told parliament the cyber attack involved the creation of false international payments totaling 13 million euros ($14.7 million) to banks in Britain, the United States, the Czech Republic and Hong Kong...

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    Russia considers 'unplugging' from internet

    2019-02-11

    BBC: The test will mean data passing between Russian citizens and organisations stays inside the nation rather than being routed internationally. A draft law mandating technical changes needed to operate independently was introduced to its parliament last year. The test is expected to happen before 1 April but no exact date has been set...

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    Fake BBC News Page Used to Promote Bitcoin-Themed Scheme

     2019-01-17

    BBC: The spoof page references a Bitcoin-themed documentary broadcast by Panorama last year, but links on the page direct visitors to a site promising to make them a millionaire. Reports indicate that the fake page is being spread via emails sent from hacked accounts. A spokesman for the BBC said it is looking into how best to respond.

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