CBS faces probes into sexual misconduct allegations against former boss Leslie Moonves September 29, 2018 US media giant CBS yesterday said it was facing an investigation over allegations of sexual misconduct relating to its former boss Leslie Moonves. Moonves stepped down earlier this month after the New Yorker magazine published new allegations from several different women. The firm said in a regulatory filing yesterday it was facing investigations from the New York County District [...]
Toyota warns production could grind to a halt in the case of a no-deal Brexit September 29, 2018 Car manufacturer Toyota has warned that a "no-deal" Brexit could force it to stop production at one of its key UK plants. The firm is one of the biggest car makers in the UK, and relies on components from the EU to make its vehicles. But today it has raised concerns that a "no-deal" Brexit [...]
Facebook hack: 50m accounts affected by data breach September 29, 2018 Social media giant Facebook yesterday confirmed it had been hit by a hack affecting millions of its users' accounts. Attackers were able to exploit a vulnerability in its "view as" feature, leaving around 50m accounts exposed to hackers. The breach was discovered on Tuesday and the police have been informed. Facebook vice president of product management [...]
FTSE roundup: Insurers dampened by heavy weather as Serco jumps on outsourcing woes September 28, 2018 The FTSE 100 ended the week 0.47 per cent down today, as a number of major insurers took heavy losses during trading on Friday. The index dropped 35.24 points to end the day at 7,510.20 RSA Insurance was the biggest loser on the stock market today, shedding 9.31 per cent after it told investors profits would be lower [...]
Powerleague scores own-goal as it announces closure of 13 sites September 28, 2018 Five-a-side footie pitch operator Powerleague has today tabled a rescue plan which will result in it closing 13 sites and axing 109 jobs. It currently runs 440 pitches on 50 sites, but has struggled with falling revenues and has struggled to pay the leases on its properties. The firm wants to make the changes through a [...]
IoT security: Your smart home device is a cyber security risk waiting to happen September 28, 2018 In the age of Google Home and Amazon Alexa, many modern households are home to one or more smart devices. While these gadgets can help with day-to-day tasks and generally make life easier – it's also opened up the possibilities of cyber attackers breaching vulnerable devices in the home. A new survey from Open-Xchange found that [...]
Bupa fined £175,000 after employee puts customers’ data up for sale on dark web September 28, 2018 Health firm Bupa has been fined £175,000 after an employee was able to access thousands of patients' files to sell on the dark web. Data watchdog the Information Commissioner's Office (ICO) said Bupa did not have effective security in place to stop the employee, who extracted personal information from 547,000 customers. The employee was able to [...]
Shares in ad giants tumble on report of US advertising sector probe September 28, 2018 Shares in major advertising firms experienced movement today after a report claimed US federal prosecutors had started investigating media-buying practices in the US ad industry. An article in the Wall Street Journal claimed investigators had begun reviewing the ad industry and started to hand out subpoenas as part of the probe. Publicis shares fell 2.7 per [...]
RSA Insurance shares drop as firm warns torrid weather will hit profits September 28, 2018 Shares in British insurer RSA Insurance plummeted 7.7 per cent today after the firm said torrid weather in the UK had led to claims shooting up at the start of the year. Bringing forward a third quarter trading update, RSA said full-year underlying pre tax profits were likely to be lower than 2017 due to "elevated weather costs". [...]
Uber shells out $148m to settle cyber attack legal case September 28, 2018 Taxi giant Uber has had to pay out $148m (£113m) to settle a legal case over a recent cyber attack. The 2016 breach led to the information of 57m customers and drivers being exposed. Uber paid the hackers $100,000 to delete the data they had taken from the company's servers. The data included information such as the number [...]
