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Moody's Ratings published an analysis on October 19 warning that AI-driven cyberattacks could raise financial risk for organisations with weak security, because AI tools make attacks faster, more automated and more persistent. Earlier Moody's research from March, using Bitsight data on more than 9,000 Moody's-rated organisations, found th…
Glasgow-based medtech firm Nami Surgical has raised £3.4m in a funding round extension led by £2m from the Scottish National Investment Bank. Existing investors Eos Advisory, Scottish Enterprise and the Investment Fund for Scotland (managed by Maven Capital Partners, delivered by the British Business Bank) also participated. The funds wil…
Starling is building a transactional foundation model (TFM) with NVIDIA support, which it says is the first banking model trained and hosted in a UK sovereign cloud. The model will run on infrastructure from UK-owned provider Civo and be trained on more than 15 billion anonymised transactions. Starling plans to put it into production in e…
An interview with Jaymie Thomas, Co-founder of AI Wales, urges Welsh SMEs to begin AI adoption with small, measurable projects and not to delay out of fear of falling behind. The article is industry commentary and describes no specific incident, threat actor or vulnerability. Its main security-relevant point is "shadow AI": Deloitte's 202…
The Financial Stability Board (FSB) published Sound Practices for Responsible Adoption of Artificial Intelligence on 15 October 2026. It sets out 12 voluntary practices for financial institutions: four on organisation-wide governance and eight on managing AI across its lifecycle. The report raises concerns about generative and agentic AI,…
The UK Information Commissioner's Office (ICO) issued a reprimand and enforcement notice to the Metropolitan Police Service (MPS) after officers and staff shared personal information through the unapproved third-party platform Auror without adequate data protection safeguards. The platform was used between March 2023 and September 2024, w…
A Bank of Scotland (Lloyds Banking Group) survey found that 66% of Scottish businesses recruited early careers talent in the past year, and 90% of those expect to hire more in the next year. 89% of Scottish firms are confident they can secure funding for skills investment, the highest in the UK against an 80% national average. Employers c…
CymruSec 2026, billed as Wales' leading cross-sector cyber security event, takes place on Thursday 22 October at Cardiff City Stadium. Final places remain for delegates. The agenda covers the evolving threat landscape, AI-driven cybercrime, identity security, agentic threat hunting and organisational resilience. Speakers come from industr…
This is an interview-based industry feature with no threat activity. Clare Johnson, founder of Women in Cyber Unlimited and Head of Capability at ITSUS Consulting, says that eight years on, greater awareness of gender inequality has not produced meaningful progress in cyber security. The UK Government's Cyber Security Skills in the UK Lab…
