The EQ Cyber Security Debrief 30.11.18
Each week at EQ Data we will be looking at the breaking news stories from the world of data and cyber security. From the latest cyber technology developments to data breaches and new marketing insights; you can find the debrief here.
Almost 70% of British voters concerned by cyber-attacks when voting, EU report finds
A new report from the European Commission, "Democracy in the EU", has found that 67% of British voters are concerned by elections being manipulated through cyberattacks, one of the highest percentages of any EU country. The report conducted around 1,000 face-to-face interviews with voters across Europe to gauge their opinions and apprehensions around election ahead of voting next May. 64% of UK voters are also concerned by foreign criminals influencing election outcomes. Spanish voters had high concerns with 74% fearing cyber manipulation, with French voters at 62% and German voters at 56%. The results reflect the influence of allegations of Russian interference in the US elections and accusations of parties leveraging voters' data in the EU referendum in the UK.
FCA find 18% rise in Financial firms' cyber incident reports
The FCA has published a review looking back at the industry’s technology outages and cyber-attacks from 2018, with key observations including a rise in cyber incident reporting and a significant portion of firms failing to upgrade outdated IT systems in time. Thus far the FCA has seen a 138% rise in technology outages being reported, with 18% of those being cyber incidents. With cyber-attacks being a matter of when rather than if, the FCA stresses that the “true test of resilience of UK finance” is their ability to properly manage and neutralise cyber threats. Part of the issue is firms being over-confident in their ability to safely change IT systems and keep infrastructure up-to-date.
Peak in TV licensing scam emails over September and October
This week the UK National Fraud Reporting Centre issued an alert warning the public against scam TV License emails, which have seen a rise over the past two months. The fraud watchdog saw 2,685 reports of these phishing emails between September and October. On the surface these emails appear to address refunds and billing information queries and direct recipients to convincing websites posing as the TV Licensing body. Once customers enter their payment details into these fake websites the scammers have access to their personal and financial information. The fraud watchdog has advised the public on what to look out for in these scam messages whilst TV Licensing has reiterated that it will never email customers to ask for bank details or any other private information.