Editor's News

The majority of UK accountants think that automation will play a significant role in the accountancy profession within the next five years, according to a new report from FreeAgent. FreeAgent’s Future of Accountancy report has revealed that 96% of accountants believe that either all or some accountancy work will be automated by 2022, while just 3% said they do not think automation or AI will affect any accountancy work by that time. The report -...

Pandalabs, the anti-malware laboratory at Panda Security, takes a look at some trends in the billion-dollar cybercrime industry and gathers the main data points for its quarterly report. Ransomware Over the course of 2016, groups of cybercriminals dedicated to ransomware earned over 1 billion dollars. In the first quarter of 2017, there was no lack of new families of ransomware created, such as the “WYSIWYE” attack, a ransomware with its own interface, or Popcorn Time,...

The news that the China-based APT10 hackers have so devastatingly penetrated the cyber defences of some of the world’s biggest commercial and governmental organisations reveals a sickening reality. Described in a new report from PwC UK and BAE Systems as a sustained, “global operation of unprecedented size and scale”, APT10’s Operation Cloud Hopper has stolen high volumes of intellectual property and sensitive data from some of the world’s major businesses by targeting managed services providers...

Rudimentary attacks, such as intrusion attempts, information gathering, and policy violations pose the greatest risk to midsized organizations, according to a recent cyber threat report by eSentire, Inc., the largest pure-play Managed Detection and Response (MDR) provider. Produced by eSentire’s Threat Intelligence team, the “2016 Midmarket Threat Summary Report” provides an overview of the cyber threats investigated by the eSentire Security Operations Center (SOC) in 2016. The report addresses three key areas: threat types, threat...

Ultima, a leading provider of on-premise and cloud IT infrastructure and managed service solutions, has today announced it has invested £18 million to create a state-of- the-art HQ in Reading. The company will also be creating 50 new jobs in its Reading office, and doubling the number of apprentices it takes on each year from 20 to 40. The firm’s new headquarters is part of a larger technology park that the founder of Ultima, Max...

Neustar, Inc. (NYSE: NSR), a trusted, neutral provider of real-time information services, today released the findings from its fourth annual Worldwide DDoS Attacks and Cyber Insights Research Report. The report documents the frequency and cost of attacks and what measures are being taken to counter these threats. The Neustar May 2017 Worldwide DDoS Attacks and Cyber Insights Research Report, a 52-page global report, analyzes the responses of more than one thousand CISOs, CSO, CTOs security directors...

Thales, a leader in critical information systems, cybersecurity and data security, announces its e-Security business has joined the Industrial Internet Consortium® (IIC), the world’s leading organization transforming business and society by accelerating the Industrial Internet of Things (IIoT). As a member of the IIC Thales will collaborate with industry leaders on global initiatives for IIoT security, particularly in the realm of data protection and device security. The IIC facilitates the continued development of a trustworthy...

British high street giant Debenhams has become the latest retailer to be hit by a data breach as it was reported that thousands have been effected by card-stealing malware. Around 26,000 customers of Debenhams Flowers website personal and financial details such as payment information, names and addresses stolen during the breach, which took place between 24 February and 11 April. The hackers had access to the internal systems at Ecomnova, the third-party company that operates...

Intel recently announced an escalation of privilege vulnerability in the Intel Active Management Technology (AMT), Intel Standard Manageability (ISM), and Intel Small Business Technology firmware, versions 6 through 11.6. Speaking about the vulnerability Cris Thomas (AKA SpaceRogue), Strategist for Tenable Network Security said, “This vulnerability has the potential of being a proverbial big one. The vulnerability has been part of the Intel chipsets for years, specifically the Management Engine (ME). The ME runs things like DRM (Digital...

New data released today has revealed that 50 percent more cyberattacks originated from Europe than any other global region over the last 90 days, overtaking the United States for the first time. The UK and Netherlands, in particular, have become cybercrime hubs and are seeing a huge growth in online fraud rings. The latest research from ThreatMetrix® - which analyses and protects more than 5 billion online transactions each quarter - has cited that Q1...