Britain’s biggest high street banks affected by Travelex cyber attack

Britain’s biggest high street banks have been left unable to process foreign currency orders following the cyber attack on Travelex, which provides services for them. Royal Bank of Scotland, Lloyds Banking Group, Barclays and HSBC are among more than a Read More …

RavnAir revises estimate of damage from cyber attack

An Alaska air carrier that suffered a cyber attack has experienced more disruption than initially projected, according to a company announcement. The RavnAir Group on Dec. 20 experienced what it called a “malicious” cyber attack on its information technology network, Read More …

Ransomware: Big paydays and little chance of getting caught means boom time for crooks

Ransomware will continue to plague organisations in 2020 because there’s little risk of the cyber criminals behind the network-encrypting malware attacks getting caught; so for them there’s only a small amount of risk, but a potentially large reward. During the last Read More …

The energy industry practices for a ‘black swan’ cyberattack that could take down the grid

More than 6,500 government officials and big players in the energy sector came together this week to conduct a simulated cyberattack on the electrical grid. The event is called GridEx, and takes place every two years. It imagines the U.S. Read More …

Cyber-security incident at US power grid entity linked to unpatched firewalls

A cyber-security incident that impacted a US power grid entity earlier this year was not as dangerous as initially thought, the North American Electric Reliability Corporation (NERC) said last week. In a report highlighting the “lessons learned” from a past Read More …

Bristol Airport blames hackers for three day technical meltdown

A cyber attack was the cause behind a three day technical meltdown, according to Bristol Airport. The airport’s information screens were out of service on both Friday and Saturday, with holidaymakers having to read departure times off whiteboards scattered around Read More …

How airplane crash investigations can improve cybersecurity

While some countries struggle with safety, U.S. airplane travel has lately had a remarkable safety record. In fact, from 2014 through 2017, there were no fatal commercial airline crashes in the U.S. But those years were fraught with other kinds of trouble: Security breaches Read More …

Lloyd’s says cyber-attack could cost $120bn, same as Hurricane Katrina

Lloyd’s of London has warned that a serious cyber-attack could cost the global economy more than $120bn (£92bn) – as much as catastrophic natural disasters such as Hurricanes Katrina and Sandy. Published two months after a ransomware cyber-attack that hobbled Read More …