COMPANIES

Chancellor George Osbourne

'Retail Banks Will Be Ring-Fenced Under New Banking Reforms

George Osbourne is proposing the biggest bank shake up since the 1930's with controversial plans to ring fence retail arms of banks. He is set to face 'formidable opposition' from the banks in what could be one of the most challenging reforms of the banking sector. The Chancellor wants banks to ring fence their retail banking arms to protect the public if their trading and investment arms were to hit serious trouble.

35 Anonymous hackers arrested: Are LulzSec next?

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With news of 35 alleged Anonymous members currently being detained by the authorities, many analysts have come to question just how long it will be until LulzSec finds itself in law enforcement agencies firing lines following its high-profile cyber attack on the U.S. Senate.
Facebook Founder & Chief Executive Officer Mark Zuckerberg

Facebook denies losing 6 million users

Facebook yesterday shot back at reports that it had lost as many as 6 million users during the month of May in the United States, which could prove to be a potentially damaging finding as the company seeks to go public sometime in early 2012.
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Anonymous Hackers Release Statement, Live Video Stream of Adbusters’ Occupy Wall Street Protest

Cyber attack: IMF suffers major cyber security breach

In the wake of Citibank's admission of a security breach on its network, the International Monetary Fund (IMF) has since confirmed that it too has been the target of a sophisticated cyber attack perpetrated by an as yet unknown group of hackers or hacker.
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Cyber threat: Has LulzSec gone too far hacking the NHS?

Despite the fact that LulzSec openly stated in its recent correspondence with the U.K.'s NHS that it didn't consider the service an "enemy" many of the general public have already begun to question the groups supposedly noble intentions to "help" the service.
LulzSec letter

LulzSec warnings to NHS come as ambulence service network fails

Just after the hacking collective LulzSec issued a statement via email to the U.K.'s NHS warning the service that its online security and networks were out of date and vulnerable to cyber attacks, it has been revealed that the London Ambulance Sevice (LAS) suffered a massive software failure this Wednesday.