Cybercrime

Businesses should not wait for a ransomware attack to impact their business before doing due diligence on the risks involved in making a ransom payment to cyber criminals, a cyber risk expert has said.

https://www.pinsentmasons.com/en-gb/out-law/news/understand-ransomware-payment-risks-before-incidents-happen-says-expert

Businesses should expect increased scrutiny of the steps they take to address cyber risk in 2023.

https://www.pinsentmasons.com/en-gb/out-law/analysis/regulatory-reform-shape-2023-cyber-risk-landscape

Ransomware attacks are increasing in volume, but there is evidence that regulators are losing sympathy with organisations that fall victim to such incidents.

https://www.pinsentmasons.com/en-gb/out-law/analysis/managing-ransomware-risk-is-becoming-more-complex

The Russia-Ukraine conflict may have drawn the attention of cyber criminals away from ordinary businesses in the first half of 2022, according to a cyber risk expert.

https://www.pinsentmasons.com/en-gb/out-law/news/data-suggests-russia-ukraine-conflict-impact-on-cyber-threats

The chair of the City of London Police Authority Board has warned that tackling economic crime “can’t be done in silos”.

https://www.policeprofessional.com/news/world-is-breeding-endlessly-innovative-cyber-criminals-warns-police-authority-chair/

Tens of thousands of motorists could be at risk of identity theft and online fraud after one of Britain’s biggest car dealers was hit by a major cyber attack.

https://www.msn.com/en-gb/money/other/drivers-warned-about-identity-theft-after-car-dealers-giant-arnold-clark-is-hit-by-cyber-attack/ar-AA16BOLI

Are you worried about falling victim to online scams and attacks? If so, you are not alone, as 81% of Brits fear fraudulent attacks, according to the NCSC.

https://www.techdigest.tv/2022/12/scam-website-alert-expert-reveals-7-warning-signs.html

Prevention of Fraud in Travel fears cost of living crisis will lead to an increase in criminal activity in 2023

https://www.travolution.com/news/travel-companies-issued-high-alert-warning-over-rise-in-cyber-fraud/

The Joint Committee on the National Security Strategy (JCNSS) welcomes written evidence for its new inquiry into ransomware. The Integrated Review identified ransomware – a type of cyber extortion – as one of the most “pernicious forms of cybercrime”, and the 2021 National Cyber Strategy described it as “the most significant cyber threat facing the UK”.

https://committees.parliament.uk/call-for-evidence/2958/

London’s Metropolitan Police, City of London Police, British Transport Police and the mayor’s office have jointly launched a new Cyber Resilience Centre for the capital city to combat rising levels of cyber crime.

https://www.ukauthority.com/articles/mayor-and-police-join-forces-against-sme-cybercrime/