Adidas, the global sportswear giant, has confirmed a cyber attack that compromised customer data, including contact information and account credentials.
A coalition of major U.S. financial trade associations is urging the Securities and Exchange Commission (SEC) to revoke its cyber incident disclosure rule, citing concerns that it harms rather than protects companies and investors.
Ian Stuart, CEO of HSBC UK, told the Commons Treasury Committee that cyber-security is his top concern, admitting that the threat of cyber attacks "keeps me awake at night." Speaking alongside other major UK bank leaders, Stuart highlighted the relentless nature of cyber threats, noting that HSBC and other institutions face constant attacks. This focus on cyber-security comes as the banking sector grapples with increasing digital vulnerabilities, making it a critical issue for the industry.
Spain faced a nationwide mobile network outage, impacting all providers and leaving users without signal, internet, or access to critical systems, just weeks after a widespread electricity blackout.
A recent Boston Consulting Group (BCG) report reveals that while nearly all banks have invested in AI technology, only 25% have fully integrated it into their daily operations, with most still stuck in pilot phases or proof-of-concept stages.
Cybersecurity experts from Google’s Threat Intelligence Group (GTIG) and Mandiant have issued a warning that Scattered Spider, also known as UNC3944, is now actively targeting U.S. retail companies following a series of high-profile attacks on UK retailers like Harrods, Co-op, and Marks & Spencer.
NatWest Bank is fending off an astonishing 100 million cyber attacks every month, according to its head of cybersecurity, Chris Ulliott. Speaking to Members of the Scottish Parliament, Ulliott described how hackers are constantly probing the bank’s digital defences, forcing it to adopt aggressive cybersecurity measures.
Coinbase has disclosed a significant data breach involving insider threats, as revealed in a recent SEC filing. The breach did not stem from a direct compromise of Coinbase’s systems, but rather from external attackers bribing a group of customer support agents to extract customer data.
