Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Wealth
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Finance

    UK's Capita fined $19 million for 2023 cyber breach

    Published by Global Banking and Finance Review

    Posted on October 15, 2025

    Featured image for article about Finance

    -Capita has been fined 14 million pounds ($18.7 million) for failing to protect personal data during a 2023 cyber attack, the British outsourcing firm said on Wednesday, as part of a settlement with the UK's privacy watchdog.

    The settlement underscores rising regulatory pressure on UK firms hit by cyber attacks, amid heightened scrutiny following high-profile breaches at Marks & Spencer, Co-op and luxury carmaker Jaguar Land Rover.

    "With so many cyber attacks in the headlines, our message is clear: every organisation, no matter how large, must take proactive steps to keep people's data secure," said John Edwards, UK Information Commissioner.

    The Information Commissioner's Office said Capita failed to implement adequate measures to prevent privilege escalation and unauthorised lateral movement through its network, and did not respond effectively to security alerts.

    Capita, which provides business support services to government and corporate clients, disclosed in 2023 that the breach compromised some data on its servers and estimated a financial impact of up to 20 million pounds.

    The company now expects to record a free cash outflow of 59 million-79 million pounds for 2025, up from previous estimates of 45 million-65 million pounds. All other annual and mid-term targets remain unchanged.

    "Highly significant" cyber incidents have doubled in Britain year-on-year, the head of National Cyber Security Centre (NCSC) said on Tuesday.

    ($1 = 0.7493 pounds)

    (Reporting by Yamini Kalia in Bengaluru; Editing by Sumana Nandy)

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe