cyber security News

North Sea Nations to Develop Critical Infrastructure Security Pact

Security advisers from the North Sea nations agreed to work out a pact to jointly protect critical sub-sea gas pipelines and power cables, telecoms connections and wind farms. Several nations attending the North Sea Summit in Belgium on Monday will …

Cyber Firm Group-IB Finalizes Exit From Russia to Spur Global Expansion Ambitions

Cybersecurity company Group-IB has finalized its exit from Russia, the group said on Thursday, cutting ties with its original market in an effort to spur its global expansion ambitions. Punitive Western sanctions against Moscow since it sent tens of thousands …

EU Announces $1.2B Plan to Counter Growing Cyber-security Threats

The European Commission on Tuesday announced a 1.1-billion-euro ($1.2 billion) plan to counter growing cybersecurity threats, underscoring mounting concerns about a series of high-profile hacking incidents. The growing use of cyber warfare in the military conflict between Russia and Ukraine …

TikTok’s Chinese Ownership, Security Concerns Spark Bans Across Nations

The Biden administration has demanded that TikTok’s Chinese owners divest their stakes in the popular video app or face a possible U.S. ban, the company told Reuters this week. The move follows the introduction of a new U.S. legislation that …

Australian Lender Latitude’s Shares Slump After Hack Details Emerge

Latitude Group Holdings Ltd. shares slumped as trading resumed for the Australian personal lender that disclosed details of a hack almost a week ago. The stock lost 16% as of 11:40 a.m. in Sydney trading. Hackers stole more than 103,000 …

UK Bans Chinese-Owned TikTok on Government Phones on Security Concerns

Britain said on Thursday it would ban TikTok on government phones with immediate effect, a move that follows other Western countries in barring the Chinese-owned video app over security concerns. TikTok has come under increasing scrutiny due to fears that …

UK’s National Cyber Security Centre Reviewing TikTok Risks: Minister

Britain’s National Cyber Security Centre is reviewing whether Chinese-owned video app TikTok should be banned from government phones, security minister Tom Tugendhat said on Tuesday. TikTok has come under increasing focus over fears that user data could end up in …

Canada Joins U.S. and EU in Banning TikTok From Government Phones

Canada will bar civil servants from using TikTok Inc. on government-issued mobile devices due to security concerns around data collection. The social media app, which is owned by China’s ByteDance Ltd., will be automatically removed and blocked from devices starting …

Update: Top EU Bodies Ban TikTok on Staff Phones, Citing Need to Hike Cybersecurity

The European Union’s two biggest policy-making institutions have banned TikTok from staff phones for cybersecurity reasons, marking growing concerns about the Chinese short video-sharing app and its users’ data. TikTok, which is owned by Chinese firm ByteDance, is under scrutiny …

Markets/Coverages: CFC Launches Policy Encryption for Cyber Cover in Industry First

CFC Underwriting, the specialist managing general agent, announced it is introducing policy encryption for its cyber insurance policies – and is the first provider in the industry to do so. Leveraging its mobile app for cyber to deliver the encryption …