Week Ending: March 16th - A Roundup in I.T. & Tech News

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In a week in which we lost one of the greatest minds of our generation, we thought we would kick off this week’s roundup with a quote from the brilliant Professor Stephen Hawking himself.

We are all now connected by the Internet, like neurons in a giant brain.

As you ponder that thought, here’s a roundup of some of the biggest stories in I.T. and tech from the past week.

Rural Britain to get fibre network thanks to Virgin Media

Some good news for the residents of Hampshire as our partner, Virgin Media, has announced plans to bring “ultrafast” internet to up to 4,000 residents in rural communities.

Virgin has stated that it is currently almost impossible for some residents and businesses to download or upload files, due to poor connectivity.

This scheme, which will be rolled out in 12 villages in Test Valley and Dun Valley, will provide residents with a 350Mbps connection, meaning they’ll finally be able to binge watch their favourite Netflix series without annoying buffering.

Crypto-mining attacks spreading

A recent blog from Check Point, another one of our partners, has outlined the potential impact on businesses after the rise in crypto-mining cyberattacks.

The headline grabbing attacks have used Facebook Messenger and YouTube ads to infect thousands of websites and although they’re not a new threat, they have seen a huge surge since the end of 2017.

Mining attacks started around 2011 when cryptocurrencies were somewhat of an unknown entity. However, as they became more prominent in the news agenda and the likes of Bitcoin and Monero saw their values skyrocket, the crypto-mining business became extremely lucrative.

In recent months crypto-mining hackers have targeted European water utilities, UK government websites and a Russian nuclear plant and it shows no sign of slowing down.

Cybercrime costing Londoners £26m per month

Now we know things are expensive in London, but that is one hefty bill they’re getting every month!

These figures come as a warning from Scotland Yard which states that on average those in the capital are losing around £26 million a month due to cyber fraud and attacks on businesses and individuals.

This equates to approximately 3,500 recorded victims of cyber fraud each month, with phishing emails, ransomware and malware the most common scams. Senior officials commented that these online criminals often target individual employees to bypass company security systems.

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