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Unanswered Questions Loom Over Cyber Attacks on M&S, Co-op & Harrods

Jane Frankland

It’s the May Bank Holiday, and as I sit at my desk, working, unanswered questions continue to swirl around the recent cyberattacks on Marks & Spencer (M&S) , the Co-op , and Harrods , leaving the full scope and implications of these breaches uncertain. The question is simple but urgent: Is your organisation ready to act?

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News alert: Beazley reports on how AI, new tech distract businesses as cyber risk intensifies

The Last Watchdog

The data shows how perceptions around cyber and technology risks, from ransomware and other cyber-attacks to the threats posed by AI, are changing the global business risk landscape. Yet, boardroom focus on cyber risk appears to be diminishing. trillion by 2025, a 300% increase since 2015 1.

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A cyber-attack on major banks could trigger a liquidity crisis, ECB President Christine Lagarde warns

Security Affairs

The president of the European Central Bank (ECB), Christine L agarde, is warning that a cyber-attack on a major financial institution could trigger a liquidity crisis. The president of the European Central Bank (ECB), Christine Lagarde, has warned that a coordinated cyber-attack on major banks could trigger a liquidity crisis.

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Australia entities suffer Cyber Attacks and QUAD update

CyberSecurity Insiders

The Guardian’s Australian staff were targeted in a sophisticated cyber attack that led to the leak of personal information of 140 current and former staff members. The post Australia entities suffer Cyber Attacks and QUAD update appeared first on Cybersecurity Insiders.

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What the Federal Reserve Chair Just Said About Cyber Risk

SecureWorld News

Federal Reserve Chairman Statement on Cyber Risk. CBS News Anchor Scott Pelley asked the Fed Chairman about the odds of a systemic crisis like the one we saw in 2008, where banks and others needed bailouts. There are cyber attacks every day on, on all major institutions. Will we need that following the pandemic?

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Cyber Threats: The Financial System’s Top Risk

CyberSecurity Insiders

With cyber attacks against financial and banking institutions now a daily occurrence, cyber threats have become the biggest risk to the global financial system, according to Federal Reserve Chairman Jerome Powell. But the world changes, the world evolves, and the risks change as well.

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Hedge Fund Closes Down After Cyber Attack

SecureWorld News

We hear it all the time from the virtual stage of regional SecureWorld conferences: Cyber risk is business risk. Attackers then used their illegal access to read up on inside information contained in these emails. Business email compromise attack works to transfer millions. Yes, cyber risk is business risk.