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Lockbit cybercrime gang faces global takedown with indictments and arrests

Lockbit cybercrime gang faces global takedown with indictments and arrests

by AIP Online Bureau | Feb 21, 2024 | Eco/Invest/Demography, International News, Risk Management, Technology

LockBit ransomware group remains a key player in today’s threat landscape, with 17 per cent of ransomware engagements in 2023, a new report said on Tuesday. An international law enforcement operation led by Britain’s National Crime Agency and the FBI has...
Britain and Switzerland agree wide-ranging financial services trade deal

Britain and Switzerland agree wide-ranging financial services trade deal

by AIP Online Bureau | Dec 22, 2023 | Eco/Invest/Demography, International News, Life, Non-Life, Regulation, Reinsurance

“It is an agreement based on deference: Swiss firms can operate inside the UK under Swiss rules and UK firms can operate inside Switzerland under UK rules,” UK’s Chancellor of the Exchequer Jeremy Hunt said. “This is a light-touch, progressive, future-leaning...

Britain’s National Grid drops China-based supplier over cyber security fears – FT

by AIP Online Bureau | Dec 18, 2023 | Eco/Invest/Demography, International News, Policy, Risk Management

The decision came in April after the utility sought advice from the National Cyber Security Centre, a branch of the nation’s signals intelligence agency GCHQ, the newspaper quoted a Whitehall official as saying Britain’s National Grid has started removing components...
US, Britain, other countries ink agreement to make AI ‘secure by design’

US, Britain, other countries ink agreement to make AI ‘secure by design’

by AIP Online Bureau | Nov 28, 2023 | Eco/Invest/Demography, International News, Policy, Technology

The agreement is non-binding and carries mostly general recommendations such as monitoring AI systems for abuse, protecting data from tampering and vetting software suppliers The United States, Britain and more than a dozen other countries on Sunday unveiled what a...

Britain proposes diversity and misconduct rules for financial firms

by AIP Online Bureau | Sep 26, 2023 | International News, Workplace/Employee Benefits

“Regulated firms and individuals should have no doubt that this represents a big shift in the way the FCA will monitor and potentially sanction those in the financial community,” said James Alleyne, a legal director at Kingsley Napley law firm London: Britain’s...
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