Guardian Security
Power grab: the hidden costs of Ireland’s datacentre boom – podcast
Datacentres are part of Ireland’s vision of itself as a tech hub. There are now more than 80, using vast amounts of electricity. Have we entrusted our memories to a system that might destroy them? By Jessica Traynor
Continue reading...Millions more in cash needed to fund UK’s open-banking watchdog
Exclusive: £10m needed for regulator charged with developing tools to thwart financial crime and protect consumers
Banks are under pressure to stump up millions of pounds in interim funding for the organisation that polices open banking, with regulators saying the new money is needed to prevent financial crime and protect consumers if things “go wrong”.
Large banks including NatWest, HSBC, Lloyds and Santander UK were among more than 40 City firms summoned by the Financial Conduct Authority (FCA) last week to discuss a cash injection into Open Banking Limited (OPL), the body that oversees innovation in this area.
Continue reading...How an infamous ransomware gang found itself hacked – podcast
LockBit was a sophisticated criminal operation, offering the tools needed to steal a company’s data and hold it to ransom. Then it was itself hacked. Alex Hern reports
A ransomware site on the dark web has allowed criminals to extort hospitals, businesses and schools for years. By encrypting data or threatening to post data online, hackers have cost companies millions of pounds.
It’s called LockBit, and it was very successful until one day last month when hackers who logged on to the site found it had been hacked by authorities including the UK National Crime Agency and the FBI. These agencies announced they were in control of LockBit’s site, marking a new stage in their war on cybercrime.
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