A third of UK fintechs put customers data at risk of cyber attack


UK fintechs are putting thousands of customers in jeopardy by leaving themselves vulnerable to a cyber attack, shocking new research reveals.

Nearly 800 firms’ digital presence was analysed by the ethical hacking platform Ethiack as it scrutinised their cybersecurity. Four in ten fintechs were found to be giving hackers a “powerful headstart” by revealing software details on their web servers. Nearly a fifth of platforms were found to be using expired or invalid SSL certificates, which serve as a digital padlock for a website by keeping sensitive information secure.

Read more…
Source: MSN News


Sign up for our Newsletter
The latest news and insights delivered right to your inbox.


Related:

  • M&S: FTSE 100 giant battling cyber attack

    April 22, 2025

    M&S has revealed it has been battling what it has described as a “cyber incident” over the past few days. The FTSE 100 giant said that it’s made some “minor, temporary changes to our store operations to protect customers and the business” and “we are sorry for any inconvenience experienced.” M&S confirmed that it is working ...

  • BADBAZAAR and MOONSHINE: Spyware targeting Uyghur, Taiwanese and Tibetan groups and civil society actors

    April 9, 2025

    MOONSHINE and BADBAZAAR are examples of trojans; they have malicious functions hidden inside an otherwise functioning app that can be downloaded from app stores or online file-sharing services. These apps are designed to trick a user into downloading and installing them on a device. Once an app is installed, it uses vulnerabilities on the device to ...

  • Musk cuts US cyber defences against Russia, increasing threats to UK

    April 7, 2025

    The Pentagon cyber unit that helps counter threats from Russia has had part of its funding cut. US Cyber Command (USCC), which is charged with defending US military networks, has been ordered to axe contract dealings with private-sector partners, and freeze recruitment. The shock move could have a major impact on Britain’s ability to defend itself ...

  • UK threatens £100K-a-day fines under new cyber bill

    April 1, 2025

    The UK’s technology secretary revealed the full breadth of the government’s Cyber Security and Resilience (CSR) Bill for the first time this morning, pledging £100,000 ($129,000) daily fines for failing to act against specific threats under consideration. Slated to enter Parliament later this year, the CSR bill was teased in the King’s Speech in July, shortly ...

  • UK: Man charged after cyber attack saw terror messages displayed at train stations

    April 1, 2025

    A man has been charged after a cyber attack saw terror messages displayed across screens at Scotland’s busiest train stations. British Transport Police received multiple reports of a cyber security incident affecting Network Rail Wi-Fi services, provided by a third party, that displayed imagery “intended to incite religious hatred” on September 25, 2024. Network Rail said ...

  • GCHQ worker admits taking top secret data home

    March 31, 2025

    A former GCHQ intern has admitted risking national security by taking top secret data home with him on his mobile phone. Hasaan Arshad, 25, pleaded guilty to an offence under the Computer Misuse Act on what would have been the first day of his trial at the Old Bailey in London. The charge related to committing ...