CYBER Insights » THREAT INTEL: PAYDAY MELTDOWN – UK Bank Customers furious as “IT Glitch” means salaries aren’t in

THREAT INTEL: PAYDAY MELTDOWN – UK Bank Customers furious as “IT Glitch” means salaries aren’t in

Image Credit: Sebastian Ganso/Pixabay
Image Credit: Sebastian Ganso/Pixabay

Gibraltar: Monday 01 July  2024 at 08:30 CEST

THREAT INTEL: PAYDAY MELTDOWN – Furious HSBC, Nationwide, Barclays and Virgin Money customers are left unable to pay bills as ‘IT glitch’ means salaries aren’t in accounts.

By Andy Jenkinson – Guest Contributor |  Group CEO Cybersec Innovation Partners
via CYBERInsights
First for SME Cybersecurity News
Google Indexed on 010724 at 08:20 CET

#CyberInsights #SMECybersecurityNews #Cybersecurity #WhitethornShield #InternetSecurity #DNS #PKI

THREAT INTEL: PAYDAY MELTDOWN – Furious HSBC, Nationwide, Barclays and Virgin Money customers are left unable to pay bills as ‘IT glitch’ means salaries aren’t in accounts.

Questions must be raised by Financial Conduct Authority. Information Commissioner’s Office, Bank of England, CREST, UK Finance and every Banking Executive and CEO as to why, not a single one of the affected Banks involved in today’s outages are meeting basic security standards of UKDPA, ISO27001, GDPR by maintaining INSECURE servers?

#CyberThreatIntel

This revelation shows a reckless disregard for basic security and the security of millions of clients. It also shows whatever £millions are spent on security, pen-testing, and accreditation is not spent well as basic security of critical servers are being ignored.

We have shared information with most of these banks previously including CREST. All chose to ignore.

The Financial Conduct Authority and Information Commissioner’s Office really need to step up their capability and enforce the Financial sector to start taking security seriously. It is evident that currently, and for several years as our research shows, they simply have not.

Cybersec Innovation Partners
Metropolitan Police
Serious Fraud Office (UK)
GCHQ
FBI Cyber Division
BBC News
ITV News
ABC News
CNBC

About Andy Jenkinson

Group CEO CIP. Fellow Cyber Theory Institute. Director Fintech & Cyber Security Alliance (FITCA) working with Governments. Recognised Expert in Internet Asset & DNS Vulnerabilities.

Andy Jenkinson is a senior and seasoned innovative Executive with over 30 years’ experience as a hands-on lateral thinking CEO, coach, and leader. A ‘big deal’ business accelerator, and inspirational, lateral thinker, Andy has crafted, created, and been responsible for delivering 100’s £ millions of projects within the Cyber, Technical, Risk and Compliance markets for some of the world’s largest, leading organisations. Andy has a demonstrable track record of largescale technical delivery and management within many sectors including the Professional, Managed, and Financial Services.

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