Welcome to this week's edition of our cybersecurity news roundup, bringing you the latest developments and insights from the UK and beyond.
UK Government's Stance on Encryption Raises Global Concerns
The UK government has ordered Apple to provide backdoor access to iCloud users' encrypted backups under the Investigatory Powers Act of 2016. This secret order applies not just to UK users but potentially to Apple users worldwide. In response, Apple has removed its Advanced Data Protection feature in the UK, expressing disappointment. This move has significant implications, raising concerns about global user privacy and security. Experts argue that creating backdoors compromises overall security, potentially allowing malicious entities to gain access. Apple's compliance or resistance will set a precedent for other governments seeking similar access. Read more
Sellafield Nuclear Site Improves Physical Security Amid Cybersecurity Concerns
Sellafield, the world's largest plutonium store, has been taken out of special measures for physical security by the UK's nuclear industry regulator, the Office for Nuclear Regulation (ONR). This decision follows significant improvements in guarding arrangements, allowing routine inspections instead of enhanced regulatory oversight. However, concerns regarding its cybersecurity remain. Last year, Sellafield was fined almost £400,000 for cybersecurity failings, allegedly involving hacking groups linked to Russia and China. While there was no conclusive evidence of a successful cyber-attack, cybersecurity remains a critical concern. Read more
UK Businesses Face Significant Financial Impact from Cyberattacks
In the past five years, cyberattacks have cost British businesses approximately £44 billion ($55.08 billion) in lost revenue, with 52% of private sector companies experiencing at least one attack during that period, according to insurance broker Howden. On average, these attacks cost companies 1.9% of their annual revenue. Larger companies, with over £100 million in annual revenue, are more likely to be targeted. Despite the significant risk, only 61% of businesses employ anti-virus software, and only 55% use network firewalls, due to cost and lack of internal IT resources. Read more
Global Sanctions Target Russian Cybercrime Network
The United States, United Kingdom, and Australia have jointly sanctioned Zservers, a Russian bulletproof web-hosting service provider, and two Russian operators linked to it for supporting the LockBit ransomware syndicate. The U.S. Treasury Department's Office of Foreign Assets Control, along with its U.K. and Australian counterparts, targeted Zservers for facilitating LockBit attacks by providing specialized servers resistant to law enforcement actions. Lock
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