How a man paid $3521 for a beer

A man complained to his bank about what he believed was a fraud after he bought a beer from a bar in Hong Kong and was charged $3521 on his credit card for a drink which he thought cost $3.30. But he withdrew the complaint after the Banking Ombudsman pointed…

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Blockchain hacked by bank robber

Security? About the same as iOS The much hyped security claims of Blockchain have been called into question after someone tricked would be investors during an ethereum ICO into sending their cryptocurrency to the wrong address. A hacker has allegedly just stolen around $7.4 million dollars worth of ether, the…

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What to do when your bank account is hacked

As banks and other financial institutions across the world recently grappled with Wannacry and Golden Eye cyber attack, here is what to do if your bank account is hacked. If you notice any strange or unusual activity on your bank statement, notify your bank immediately. Cyber attacks on banks happen…

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Bank of England sets out cyber attack plans

The Bank of England has set out measures to ensure the UK’s finance sector is resilient to large-scale cyber attacks that could disrupt the entire economy. The ease with which individual institutions could potentially be hacked has come into focus in recent weeks after an email prankster targeted several bank…

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