Week Ending: 5th July - A Roundup in I.T. & Tech News

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If you’ve been out enjoying this glorious summer which has suddenly sprung upon us, you might have missed what’s been happing in the world of I.T and Tech news; but fear not we’re here to fill you in on what you’ve missed.

Cooperation among EU member states on cyber-crisis management

23 EU Member States, ENISA and the European Commission met in Paris this week for the two-day “‘Blue OLEx 2019 European cyber-crisis management exercise’, which will operate within the framework of the NIS cooperation group”.

Discussions involved deciding on mechanisms to be implemented to efficiently manage any cyber crisis affecting the EU Member States. This exercise will document the operational level of the European cyber crisis response’s framework to make organising political decision-making in such a scenario, faster. The aim of the exercise is to deepen voluntary cooperation at an operational level in the event of a cyber crisis in Europe.

Feedback over the next few months will be used to inform drafting of ‘European 2 cooperation and exchange procedures’, which complete the procedures already in place at the technical and political levels, as well as highlighting current and future European cyber-security challenges. Read more here.

1000% rise in cyber-attacks on financial industry in 2018

2018 saw a huge rise in the number of cyber-attacks on the Financial Industry in the UK. A Freedom of Information request (FoI) to the Financial Conduct Authority revealed attacks in 2018 rose by 1000%. In the previous year the number of attacks reported was 69, this climbed to a staggering 819 in 2018. Alarmingly, 60% of these were against consumer banks. According to the BBC, the jump could be due to the introduction of GDPR in mid-2018, under which all organisations must now report certain types of security breaches.

However, BSM, the consulting firm that made the FoI request, says that the figure reflects that there has indeed been a spike in the number of security breaches. It said that the personal data held on the web-enabled systems used by the financial industry is incredibly valuable to cyber criminals. Megan Butler, Executive Director of Supervision at the FCA commented, “It is a major concern that a lot of firms still seem to be trying to get the basics right on cyber [security].”

Vodafone switches on 5G

Becoming only the second UK provider to offer 5G to its customers, mobile giant Vodaphone has now switched on 5G in seven cities. 5G networks offer more capacity than 4G, with speeds up to 100 times faster. It could also help support new technologies such as artificial intelligence, the Internet of Things, robotics, connected cities and self-driving cars. 5G will initially be rolled out across Cardiff, London, Manchester, Glasgow, Birmingham, Bristol and Liverpool with another 12 to follow later in the year.

Vodafone will also be the first provider to offer 5G roaming in Germany, Spain and Italy. The UK is now the frontrunner in 5G technology, thanks to its swift uptake by mobile network providers. EE was the first to switch on 5G in May, and Three and O2 won’t be far behind Vodafone. The degree to which 5G will benefit the UK economy and business is as yet unknown, but bosses at Vodafone are predicting it will be a game changer!

Those were some of this week’s top stories but if you want more content, follow us across our four social media channels: