Engineer IMI becomes latest British firm to be hit by cyber attack

Engineering group IMI confirmed it had been hit by a cyber attack just a week after rival Smiths Group said hackers had gained access to its global systems. Birmingham-headquartered IMI declined to disclose what data had been accessed in the Read More …

DeepSeek has rattled the AI industry. Here’s a quick look at other Chinese AI models

The Chinese artificial intelligence firm DeepSeek has rattled markets with claims that its latest AI model, R1, performs on a par with those of OpenAI, despite using less advanced computer chips and consuming less energy. DeepSeek’s emergence has raised concerns Read More …

Smiths Group: Shares fall as engineering giant hit by cyber attack

Global engineering firm Smiths Group has reported a cyber security incident involving unauthorised access to its systems. Upon detecting the breach, the firm promptly isolated the affected systems and activated its business continuity plans to mitigate disruptions. The company, known Read More …

Capita shares sink as outsourcing giant swings to £107m loss, takes £25m hit from cyber attack

Capita has incurred £25.3m in costs tied to a cyber attack last March as the outsourcing giant swung to an annual loss and ramped up its cost-cutting programme. Shares fell 16 per cent on Wednesday morning. The group, which runs Read More …

MCMC probing cyber attacks on online trading platforms

The Malaysian Communications and Multimedia Commission (MCMC) is looking into reports of suspected cyber attacks disrupting online trading at several local brokerages. The regulator said it was assisting the stock exchange in investigating the disruption, a report by Nikkei Markets Read More …