Cyber Warfare Simulation Launched by UK Banks and Financials

By April 22, 2014 08:17 GMT

 

UK Banks and Financials Launch Cyber Warfare Simulation Tests

UK Banks and Financials Launch Cyber Warfare Simulation TestsReuters

Around 20 British banks and financial firms will undergo a major round of cyber warfare simulations in a bid to test their resilience against hacking attacks.

The Bank of England (BoE) is set to oversee the exercise, like it has done before, say media reports.

The Financial Times said that Andrew Gracie, director of the UK’s special resolution unit within the BoE, will oversee the operation to test the resilience of Britain’s biggest financials to cyber-attacks.

The exercise is the latest in a long line of now-routine cyber warfare simulations to find weak spots in corporate anti-hacking processes and systems.

Thousands of staff from various banks and other financial firms will take part in the exercise as a war game scenario is played out. Continue reading

IT executive at JP Morgan dies in fall from bank’s London HQ

J. P. Morgan & Co. Building panorama

J. P. Morgan & Co. Building panorama (Photo credit: epicharmus)

39-year-old employee pronounced dead at the scene in Canary Wharf

By Team Register, 29th January 2014

A man who died in a fall from JP Morgan‘s headquarters in London yesterday has been named as Gabriel Magee, a senior IT programmer at the firm.

The 39-year-old American had worked for the investment bank for ten years in both New York and London and was vice president in CIB Technology at the time of his death.

“We are deeply saddened to have lost a member of the JP Morgan family at 25 Bank Street today,” JP Morgan said in a statement. “Our thoughts and sympathy are with his family and his friends.”

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Camp culture: Terrorist training

English: Photograph of the Zhawar Kili Al-Badr...

English: Photograph of the Zhawar Kili Al-Badr Camp (West), Afghanistan, used by Secretary of Defense William S. Cohen and Gen. Henry H. Shelton, U.S. Army, chairman, Joint Chiefs of Staff, to brief reporters in the Pentagon on the U.S. military strike on a chemical weapons plant in Sudan and terrorist training camps in Afghanistan on Aug. 20, 1998. (Photo credit: Wikipedia)

 

 

 

 

 

 

 

 

 

 

 

 

 

Date – 29th January 2014
ByAndrew Staniforth – Police Oracle

Officers need to understand the law in order to help keep their communities safe, writes Andrew Staniforth.

Over recent years the police and intelligence agencies have increasingly focused upon terrorist training camps. It is important for police officers to understand what may constitute such a place – at home or overseas – to ensure they are keeping their communities safe from contemporary terrorist activity.

Training camps

On one level, terrorist training facilities can relate to camps in the mountainous border regions of Pakistan or Afghanistan. They may also be located within Iraq, or more recently in Syria, where individuals attend from all over the world to join rebel groups and fight for their chosen cause. These camps are located in secure locations, they are lightweight, very mobile and often move around to avoid identification and capture.

On another level, terrorist training camps may relate to an outward bound centre or paintballing facility located in the UK, where terrorist organisations use the cover of legitimate businesses to conduct training to develop and improve their capabilities, and more worryingly, progress the recruitment and radicalisation of vulnerable British citizens.

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Hong Kong five-dollar coin (Photo credit: Wikipedia)Hong Kong Crime Falls as Blackmail Doubles on Naked Chat

Banknotes of the Hong Kong dollar

Banknotes of the Hong Kong dollar (Photo credit: Wikipedia)

By Eleni Himaras Jan 28, 2014 5:00 PM GMT+0100

Total crime in Hong Kong decreased 4 percent in 2013 from the previous year even as blackmail offenses more than doubled because of so-called naked chat cases, according to a government statement.

 

A total of 72,911 crimes were recorded, Commissioner of Police Tsang Wai-Hung said at a press conference yesterday, according to a government press release. Robbery, burglary, serious assault, theft, criminal damage, triad gang-related offenses and youth crimes all fell as deception, blackmail, serious drug offenses and homicide rose, he said.

Hong Kong’s crime rate of 1,015 per 100,000 people was higher than Singapore’s 584 and lower than Tokyo’s 1,387, New York’s 2,361, London’s 9,500 and Paris’s 10,455. Homicides doubled to 62 in 2013 from 27 in 2012 due to the October 2012 Lamma Island ferry collision that resulted in the two captains being charged with 39 counts of manslaughter in April.

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Bulgaria closes book on Cold War London ‘umbrella killing’

By Diana Simeonova         Published September 13, 2013 AFP

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People attend a service marking 35 years since the death of Georgi Markov, a Bulgarian disident killed in London in 1978, in a church in Sofia on September 11, 2013. Bulgaria is set to close a 35-year probe into the spectacular “umbrella killing” of Markov. Markov’s murder has gone down as one of the most daring and extraordinary crimes of the Cold War. (AFP)

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Bulgarian dissident Georgy Markov is shown in this undated photo. Markov died on September 11, 1978 after being stabbed with an umbrella while walking across London’s Waterloo Bridge. Markov, 49, developed a high fever and died in hospital four days later. An autopsy revealed a miniscule metal pellet in his thigh that could have contained ricin or some other powerful poison. (AFP/File)

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Confessions of a KGB spy

Boris Karpichkov worked as a KGB agent in the 1980s before fleeing to Britain as a place of safety. He talks about his career, why Russian spies are again targeting Britain – and why he’ll never stop looking over his shoulder

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Boris Karpichkov, who worked for the KGB in Latvia during the Soviet era. Photograph: David Levene for the Guardian

It is the perfect place to meet a man from the KGB. Boris Karpichkov – former KGB operative and double agent – suggests we meet under the shadow of Marble Arch in central London. I am late. But he is easy to spot: a gaunt, thin, pale figure with the slightly haunted look of someone who has spent their career in the twilight world of espionage.

Since fleeing to Britain in the late 1990s Karpichkov has preferred to keep a low profile – unlike another, better known Moscow agent who fled to London, one Alexander Litvinenko. Now, with the KGB’s most famous graduate, Vladimir Putin, about to get his old Kremlin job back, can Karpichkov shed light on the murky world of Russian spying?

Born in 1959 in Soviet Latvia, Karpichkov grew up in a patriotic communist family and became a mechanical engineer. The KGB approached him when he was working in a factory making parts for the aerospace industry. He enrolled at the KGB’s academy in Minsk in 1984, learning, among other things, how to shoot, and how to kill with his bare hands. He was assigned to the Riga branch of the KGB’s prestigious Second Directorate, specialising in counter-intelligence. He reached the rank of Major.

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Rogue trader costs UBS $2 billion

By the CNN Wire Staff

September 16, 2011 — Updated 0133 GMT (0933 HKT)

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UBS reports $2 billion trading loss

STORY HIGHLIGHTS

  • UBS itself reported the rogue trader to police, officers say
  • British media name the arrested man as Kweku Adoboli
  • The loss could be caused by anything from fraud to “stupidity,” an expert says
  • It would be among the largest losses in unauthorized trading

(CNN) — A rogue trader has cost UBS an estimated $2 billion, the Swiss banking giant announced Thursday, revealing what could be the third-largest loss of its kind in banking history.

A $2 billion rogue trading loss would be all but unprecedented, market analyst Ralph Silva told CNN.

“We have only had three or four other situations… in the billions, and that is exactly what happened,” he said.

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