A Brighton tradesman lost £75,000 to a fake bitcoin scheme that used a deepfake video of Martin Lewis and Elon Musk. The kitchen fitter, Des Healey, shared his experience on BBC Radio 5 Live, revealing how AI manipulated Martin’s voice and image to create a convincing endorsement. Des admitted he was lured by the promise of quick returns but later realised the devastating scam had emptied his life savings and forced him into debt.
He explained that the fraudsters, posing as financial experts, gained his trust through personalised calls and apparent success in his fake investment account. Encouraged to invest more, he took out £70,000 in loans across four lenders. Only when his son raised concerns about suspicious details, such as background music on calls, did Des begin to suspect foul play and approach the police.
Martin Lewis, Britain’s most impersonated celebrity in scams, described meeting Des as emotionally challenging. He commended Des for bravely sharing his ordeal to warn others. Martin emphasised that scams prey on urgency and secrecy, urging people to pause and verify before sharing personal or financial details.
Although two banks cancelled loans taken by Des, he still owes £26,000 including interest. Des expressed gratitude for the chance to warn others and praised Martin Lewis for his continued efforts to fight fraud. Meanwhile, Revolut reaffirmed its commitment to combating cybercrime, acknowledging the challenges posed by sophisticated scammers.
The National Information Technology Development Agency (NITDA) has partnered with TikTok under the ‘Safer Together’ initiative to enhance digital safety and literacy in Nigeria. That collaboration, announced at the TikTok Online Safety and Digital Awareness Programme in Abuja, reflects Nigeria’s leadership in Africa’s digital transformation, supported by a growing tech ecosystem and increasing connectivity.
The partnership addresses key challenges such as misinformation, cyberbullying, and digital exploitation while aligning with NITDA’s regulatory framework, emphasising awareness, innovation, and inclusivity. NITDA aims to achieve 70% digital literacy by 2027, fostering digital inclusion and empowering youth to drive the country’s digital economy. TikTok’s safety features, including screen time management and anti-bullying tools, are integral to educating parents, teachers, and stakeholders on safe and responsible digital practices.
The programme highlights the importance of collective efforts in creating a secure digital environment, requiring collaboration between the government, private sector, and civil society. Through initiatives like this, the partnership aims to inspire creativity, build trust, and shape positive digital experiences for millions in Nigeria while addressing the risks associated with technological advancement.
British businesses have lost an estimated £44 billion ($55 billion) in revenue over the past five years due to cyberattacks, with more than half of private sector companies experiencing at least one incident, according to a report by insurance broker Howden. Companies earning over £100 million annually faced the highest risk, with cyberattacks cutting 1.9% of revenue on average.
The report identified compromised emails (20%) and data theft (18%) as the leading causes of cyber incidents. Despite these risks, only 61% of businesses used anti-virus software, and just 55% had network firewalls, with cost and limited IT resources cited as major obstacles to better cybersecurity.
“Cybercrime is rising as businesses rely more on technology, exposing vulnerabilities to malicious actors,” said Sarah Neild, head of UK cyber retail at Howden. The findings are based on a September survey of 905 UK private-sector IT leaders conducted by YouGov.
According to Morgan Adamski, executive director of US Cyber Command, Chinese hackers are embedding themselves in US critical infrastructure IT networks to prepare for a potential conflict with the United States. He announced that China-linked cyber operations aim to secure strategic advantages in the event of a major clash.
These operations involve compromising key networks and positioning themselves to execute disruptive attacks. Examples include manipulating heating, ventilation, and air conditioning (HVAC) systems in server rooms or disrupting vital energy and water controls, officials said earlier this year.
Speaking at the Cyberwarcon security conference in Arlington, Virginia, Adamski emphasised the scale of the threat, noting that the US government has launched globally coordinated efforts to counter these operations. These efforts include offensive and defensive measures designed to degrade and disrupt China’s cyber activities worldwide. Actions range from exposing cyber campaigns to imposing sanctions and issuing cybersecurity advisories, with support from allied nations.
Earlier, US Senator Mark Warner described a suspected China-linked cyberespionage campaign, dubbed ‘Salt Typhoon,’ as the worst telecommunications hack in US history. Beijing has repeatedly denied conducting cyberattacks on US entities.
The UN Office for Disarmament Affairs (ODA) will conduct a simulation exercise in early 2025 to help Member States engage with the Global Points of Contact (POC) Directory.
The directory ensures quick and effective responses to cybersecurity incidents by providing a reliable channel for diplomatic and technical contacts across countries. It is part of broader efforts to implement the agreed confidence-building measures (CBMs) and promote cyber stability and security globally, particularly under frameworks such as the UN’s Open-Ended Working Group (OEWG) on the security of ICTs. Most states have recently appointed their POCs and participated in the first ‘ping’ test (a test conducted by the directory manager to verify that the information in the directory is up-to-date).
In hybrid format, the exercise aims to familiarise nominated POCs with practical aspects of participating in the directory and clarify the roles of diplomatic and technical contacts. In collaboration with the UN Institute for Disarmament Research (UNIDIR) and the International Telecommunications Union (ITU), the event will occur virtually, with an in-person debrief.
The UK government has announced the launch of a Laboratory for AI Security Research (LASR), an initiative to protect against emerging AI-driven threats and bolster Britain’s cyber resilience. The lab, backed by an initial £8.22 million in government funding, will bring together experts from academia, industry, and government to address AI’s evolving challenges to national security.
Speaking at the NATO Cyber Defence Conference in London, the Chancellor of the Duchy of Lancaster emphasised that AI is revolutionising national security and noted that ‘[…]as we develop this technology, there’s a danger it could be weaponised against us. Our adversaries are exploring how to use AI on the physical and cyber battlefield’.
LASR will collaborate with leading institutions, including the Alan Turing Institute, Oxford University, Queen’s University Belfast, and Plexal, alongside government agencies such as GCHQ, the National Cyber Security Centre, and the MOD’s Defence Science and Technology Laboratory. Partnerships will extend to NATO allies and Five Eyes countries, fostering an international approach to AI security.
In addition to LASR, the government announced a £1 million incident response project to help allies respond more effectively to cyberattacks. This initiative will further enhance international cooperation in managing cyber incidents.
The official communication highlights that this announcement aligns with the government’s broader agenda, including the forthcoming Cyber Security and Resilience Bill (to be introduced to Parliament in 2025) and the designation of data centres as critical national infrastructure (CNI) to secure the UK’s position as a global leader in cybersecurity and AI innovation.
The US government is expected to reduce Intel Corp‘s preliminary $8.5 billion federal chips grant to less than $8 billion, according to a report by The New York Times. The decision reflects Intel’s recent $3 billion contract to produce chips for the Pentagon, unnamed sources said.
Earlier this year, the Biden administration announced nearly $20 billion in grants and loans for Intel to expand its semiconductor manufacturing capabilities. The funding, part of the 2022 CHIPS and Science Act, supports building two new factories in Arizona and modernising an existing one.
The CHIPS Act allocated $52.7 billion to bolster US semiconductor production, including $39 billion for subsidies and $11 billion for research and development, as part of a national push to strengthen domestic chip manufacturing and reduce reliance on foreign supply chains.
French IT giant Atos has entered discussions with the government for a potential €500 million ($524 million) acquisition of its advanced computing division. Known for its crucial role in securing communications for the French military and manufacturing supercomputer servers, Atos is restructuring to address its mounting debt. The government has prioritised retaining control over the company’s strategic technology assets to safeguard national interests.
The proposed deal includes an initial payment of €150 million upon signing, expected before the exclusivity period ends on May 31. The offer could rise to €625 million with performance-based earn-outs. French Finance Minister Antoine Armand emphasised the state’s duty to ensure the survival and development of industries critical to national sovereignty. Atos’ advanced computing and cybersecurity unit, employing 4,000 people and generating €900 million annually, is seen as a vital asset.
As part of its restructuring, Atos announced plans to sell its cybersecurity unit’s Critical Systems and Cyber Products. With this deal factored in, the company forecasts its financial leverage for 2027 to be between 1.8 and 2.1 times core earnings. Meanwhile, France‘s parliament is considering an amendment that could pave the way for Atos’ nationalisation, underscoring the government’s commitment to protecting key technologies.
Italy is ramping up its fight against cybercrime with a draft decree aimed at tackling unauthorised access to sensitive computer systems. The move follows high-profile breaches, including incidents involving state and financial databases, prompting urgent government action. The legislation, which will be discussed by the cabinet on 25 November 2024, focuses on systems critical to military, public safety, health, and civil protection.
The draft gives Italy’s chief anti-mafia prosecutor expanded authority to oversee investigations into cases of extortion linked to data breaches. This comes on the heels of several arrests tied to illicit access to state systems, with dozens more under investigation, including individuals connected to prominent figures like Leonardo Maria Del Vecchio.
Separately, authorities in Bari are probing a potential breach at Italy‘s largest bank, Intesa Sanpaolo, which may have compromised Prime Minister Giorgia Meloni’s account. These incidents underscore the urgency of the proposed crackdown as Italy seeks to safeguard its digital infrastructure.
US authorities have revealed a massive cyberattack on American telecommunications networks, describing it as the ‘worst telecom hack in our nation’s history.’ Linked to Chinese hackers, the breach targeted multiple telecom companies and allowed the interception of surveillance data meant for US law enforcement. According to a joint FBI and CISA statement, the hackers accessed sensitive call records and communications, particularly involving individuals in government and political roles.
The attack also raised alarms after reports suggested telephones belonging to Donald Trump, JD Vance, and other high-profile political figures were compromised. Senator Mark Warner, chairman of the Senate Intelligence Committee, warned that China’s long-term efforts to infiltrate global telecom systems pose a grave security risk. Hackers reportedly managed to listen to phone calls and read text messages, going beyond what the Biden administration has publicly acknowledged.
China has consistently denied allegations of hacking foreign systems, and its embassy in Washington declined to comment on the latest claims. Warner criticised the lack of sufficient safeguards, stating, “The barn door is still wide open,” as concerns over US telecom infrastructure security intensify.
