View more on these topics

Lloyds hit in international cyber attack

Cyber security

A cyber attack by an international criminal gang saw Lloyds Banking Group customers temporarily unable to access their accounts online.

The Financial Times reports several high street banks were hit by the denial of service attack earlier this month, although only Lloyds customers experienced problems.

Denial of service attacks see a website swamped with traffic in a bid to disable it. Customers within the Lloyds group, including Halifax and Bank of Scotland, could not send payments or check their balance online, though no customers suffered a financial loss.

TSB, previously part of Lloyds, was also affected as it still uses the Lloyds technology platform.

The National Cyber Security Centre is investigating a similar attack against Tesco Bank.

The NCSC says: “The more information a company shares in a timely manner, the better we are able to support them and prevent others falling victim. But companies ultimately hold responsibility for their cyber security risks – and they should invest appropriately to ensure their networks are secure.”

Lloyds declined to comment.

Recommended

FCA logo new 620x430.jpg

FCA warns financial cyber attacks on the rise

The FCA says the number of cyber attacks against financial services firms has soared from just five reported attacks two years ago 75 attacks so far this year. Speaking at a Cyber Security Summit held by the Financial Times, FCA director of specialist supervision Nausicaa Delfas said this was not just a problem for large […]

hacker
6

Cyber criminals hack HMRC to access tax returns

Cyber criminals are reportedly stealing money by hacking into the systems of HM Revenue & Customs to hijack self-assessment records. The Sunday Times reports that HMRC intercepted approximately 17,000 attempts to make fraudulent or incorrect tax repayment claims, worth nearly £100m last year. However, it says HMRC has been unable to fend off all the […]

Danby Bloch
2

Danby Bloch: Protecting your clients from cyber crime

It is hard to write about cyber security without sounding overly scary, but that is because it is a scary subject. Platforms and other providers have reported more cyber attacks in the past year than ever before, and financial advisers are also an obvious target. One of the most common attacks is the fraudulent email. […]

What are the key changes to transform pensions?

By Fiona Tait, pensions specialist In her final article for Royal London, Fiona Tait reviews key changes she believes have transformed, or will transform, pensions. In my 12 years with Royal London I have been paid to review, study and explain the numerous changes to pension legislation which have transformed our industry in that time. This is […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. Ahh Putin again

Leave a comment

Close

Why register with Money Marketing ?

Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

News & analysis delivered directly to your inbox
Register today to receive our range of news alerts including daily and weekly briefings

Money Marketing Events
Be the first to hear about our industry leading conferences, awards, roundtables and more.

Research and insight
Take part in and see the results of Money Marketing's flagship investigations into industry trends.

Have your say
Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

Register now

Having problems?

Contact us on +44 (0)20 7292 3712

Lines are open Monday to Friday 9:00am -5.00pm

Email: customerservices@moneymarketing.com