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Cybersecurity Dive: The new leader of the United Kingdom’s National Cyber Security Centre warned the country has reached an inflection point where malicious actors are actively working to weaponize the country’s dependence on the digital economy.
MSN: Cyberattacks have cost British businesses around 44 billion pounds ($55.08 billion) in lost revenue in the past five years, with 52% of private sector companies reporting at least one attack in that time, insurance broker Howden said.
TechCrunch: Finastra, a London-based financial software company that serves most of the world’s top banks, has confirmed it’s investigating a data breach after a hacker claimed a compromise of the company’s internal file-transfer platform.
Bank Info Security: British financial institutions must ensure by this spring that they could reasonably weather a third-party tech outage on the scale of July's global meltdown of 8.5 million computers triggered by a faulty update from cybersecurity firm CrowdStrike.
PYMNTS.com: U.K. cybersecurity firm CybaVerse is expanding its team after raising $1.4 million. The company announced the fundraise on its website, saying it would use the capital to speed the development of its platform and expand its team.
Tech Monitor: The UK, the US, and Canada are set to collaborate on research, development, testing, and evaluation of technologies related to artificial intelligence (AI), cybersecurity, resilient systems, and information domain-related innovations.
The Guardian: Cybersecurity firm Wiz, which last month rejected a $23bn (£18bn) takeover bid from Google’s parent company, Alphabet, is to open a European headquarters in London – a move that is a major shot in the arm for the UK’s aspiration to be a global tech hub.
Tech Radar: The King has unveiled the newly-elected Labour government’s first drafted bills and legislation to the UK Parliament, including several pieces relating to technology.
City A.M: London-based tech company CultureAI has secured $10m (£7.7m) in a Series A funding round, co-led by Mercia Ventures and Smedvig Ventures. The investment is set to propel CultureAI’s product development, double its workforce and support its expansion into the US market.
CSO Online: The UK’s Investigatory Powers (Amendment) Act (IPAA) received royal assent, making it law and broadening the government’s ability to collect bulk communications data.
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