28 Dec 2021

Smart Contracts – Recognising and Addressing the Risks

Smart contracts, where some or all of the contractual obligations are defined in and/or performed automatically by a computer program, are expected to have a significant impact on the way business is done. Whilst already being deployed for relatively straightforward transactions, such as facilitating transfers on cryptocurrency exchanges, with the

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30 Nov 2021

Facebook owner Meta told to sell Giphy as British regulator blocks acquisition

Meta, Facebook’s parent, has been told by the U.K.’s competition watchdog that it must sell GIF-sharing platform Giphy. The Competition and Markets Authority said Tuesday the deal could harm social media users and U.K. advertisers. Meta said that it disagrees with the decision and that it’s considering an appeal. The regulator concluded

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18 Nov 2021

Nvidia’s Arm acquisition undergoes more scrutiny by the UK government

Nvidia’s $40 billion proposed acquisition of the Brtish chip designer, Arm, will undergo an even more in-depth investigation by the UK’s Competition and Markets Authority (CMA), as reported by CNBC. A notice on the UK government’s website confirms that Nadine Dorries, the UK’s Secretary of State for Digital, Culture, Media,

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27 Mar 2020

Boris Johnson Tests Positive as Global Virus Cases Surpass 500,000

On Friday, Britain announced that its Prime Minister, Boris Johnson, is currently leading the country from self-isolation after testing positive for COVID-19. The Prime Minister is experiencing mild symptoms according to the government. The Foreign Secretary Dominic Raab will lead the government if Mr. Johnson is unable to under British

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05 Mar 2020

Tesco Issues 600,000 New Clubcards After Brute Force Attack

Tesco, a UK based supermarket, has been forced to issue 600,000 new loyalty cards after customers’ accounts were compromised by a malicious third party. Although the company’s IT systems were not compromised, hackers allegedly used a combo list of breached usernames and passwords to conduct a brute force attack. However,

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04 Feb 2020

British Charity Loses Over $1m in Domain Spoofing Scam

A UK based community housing charity lost over $1million in a domain spoofing and contractor impersonation scam, announcing its loss on Tuesday of this week. The charity, Red Kite Community Housing, stated that it had been a victim to a scam in which cybercriminals posed as service providers to steal

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03 Feb 2020

UK’s First Electronic Car Hire Platform Launches In London

The UK has launched its first electronic car hire platform. The company has opened for business in London, allowing consumers to rent 100 zero-emissions cars across the city. The company, UFODRIVE, is available in several locations across London and prices range around £90 per day. The rental price includes unlimited

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03 Feb 2020

U.K. Companies Brace for Bumps on Brexit Homestretch

The UK exited the European Union on Friday, leaving the country’s economic relationship with Europe unclear. After a three year spell of uncertainty regarding Brexit, with investment declining and economic growth slowing, executives are unsure over essential tariff and regulation laws. London and Brussels have agreed that their commercial relationship

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23 Jan 2020

Facebook Crime Rises 19% as UK Tries to Police Social Media

In the UK, the government has plans to police social media. The government plans to issue sites with a new code of conduct requiring firms to protect children from viewing any content deemed to be detrimental to their wellbeing or mental health. A report published yesterday outlining the potential policies.

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23 Jan 2020

Brexit Divorce Deal Clears U.K. Parliament

As of Wednesday evening, the Brexit deal has passed through the UK Parliament. This confirms that the UK will leave the European Union at the end of the month. The deal only requires the signature of the Queen to become British law, after passing through both chambers of the parliamentary

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