Retail sector faces 40% surge in ransomware attacks in May

26 June 2025

Ransomware attacks targeting the retail sector increased by 40% in May compared to April, according to recent findings from NCC Group. While global ransomware activity saw a slight decrease of 6% in May — with 393 attacks recorded worldwide — security experts caution that this decline does not equate to diminished risk, especially given evolving cybercriminal strategies and ongoing geopolitical tensions.

The report highlights that the industrial sector continued to be the primary target, accounting for 30% of all ransomware cases in May, or 118 incidents. However, the consumer discretionary sector, including retail, experienced a significant uptick, with attacks rising from 73 in April to 102 in May. Experts attribute this surge to the sector’s attractiveness as a high-value target, given the potential for disrupting payment systems, accessing consumer data, and extracting substantial ransom payments.

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Rising data volumes pose challenges and opportunities for UK businesses

25 June 2025

A new study highlights the increasing reliance on data-driven insights among UK businesses amid growing competition and economic uncertainty.

According to research conducted by Splunk, 58% of IT decision makers express concerns over the rapid expansion of data within their organisations, citing issues related to security, compliance, and operational risk. The survey, which polled 500 IT leaders from companies with 250 or more employees, found that 97% have experienced a surge in demand for data insights over the past two years. Additionally, 29% of these decision makers reported their data volumes have doubled in the last three years, with 11% seeing their data triple or more.

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OnBuy implements AI-driven product categorisation

24 June 2025

OnBuy has introduced a new AI solution designed to enhance product categorisation accuracy and boost sales.

The AI-powered auto-categorisation tool, utilising a bespoke model combined with advanced vector database technology, has successfully classified over 20 million products across more than 6,600 categories in just six weeks. The company estimates that manually performing this task would have taken a team of five over twenty years and cost more than £4 million, highlighting the significant efficiency gains achieved through automation.

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Record-breaking data breech sees 16 billion credentials exposed

23 June 2025

The recent revelation of the world's largest data breach, exposing a staggering 16 billion credentials and passwords, underscores the persistent vulnerabilities in global digital security.

Researchers at Cybernews have issued a warning to internet users to urgently update their passwords and enhance their cybersecurity practices after uncovering what they describe as a massive cache of potentially accessible sensitive data. The investigation revealed that a collection of 30 datasets, harvested from malicious software known as ‘infostealers’ and data leaks, briefly exposed approximately 16 billion login records — though the exact number of unique accounts remains unclear due to overlapping data.

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