Cybercrime

The UK government is proposing new powers for law enforcement agencies to tackle cybersecurity threats and online crimes, including the power to require data owners to preserve evidence pending a decision on whether a formal request for seizure of the data by an agency should be made to court.

https://www.pinsentmasons.com/out-law/news/uk-government-reforms-thirty-year-old-cybercrime-law

The Scottish Business Resilience Centre is rebranding to Cyber and Fraud Centre – Scotland as it bids to strengthen its focus around the rising threat of cybercrime.

https://futurescot.com/scottish-business-resilience-centre-rebrands-to-cyber-and-fraud-centre-scotland/

This free government service for UK organisations performs a range of simple online checks to identify common vulnerabilities in your public-facing IT.

https://checkcybersecurity.service.ncsc.gov.uk/

More than one in four people lost money to fraud in 2021 to an ad, message, or post on social media1 and “get rich quick” schemes are one of the many scams successfully circulating the internet, including Andrew Tate’s “Hustler’s University” which has reportedly seen a $4 million monthly profit.

https://ifamagazine.com/article/61-of-reported-fraud-cases-are-cyber-related-so-how-do-we-avoid-them/

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