Latest posts
Raids across UK in crackdown on nuisance car finance texts
Laptops, phones and documents seized as information commissioner acts on messages about mis-selling scandal Laptops, mobile phones and documents have been seized after officials carried out search warrants in a crackdown on claims companies plaguing people with spam text messages about the car finance mis-selling scandal. The UK’s Information Commissioner’s Office (ICO) executed warrants at…
Bank of England handed powers to regulate key tech firms including Amazon and Google
Direct oversight of ‘critical third parties’ such as Oracle and Microsoft given to ensure resilient cyber-defences and help safeguard UK economy The Bank of England has been handed powers to regulate important tech firms including Amazon and Google from next week, amid fears that system failures could threaten financial stability and harm consumers. From Monday,…
Palantir manifesto described as ‘ramblings of a supervillain’ amid UK contract fears
Alarm caused by posts of Alex Karp, tech firm’s CEO, championing US military dominance and of AI weapons The US spy tech company Palantir published a manifesto extolling the benefits of American power and implying some cultures are inferior to others – in what MPs have called “a parody of a RoboCop film” and “the…
MPs urge UK government to halt contract giving Palantir FCA data access
Awarding US spy-tech company deal involving sensitive financial data is ‘huge error of judgment’, Liberal Democrats say MPs have urged the government to halt its latest contract with Palantir after the Guardian revealed that the US spy-tech company is to gain access to a trove of highly sensitive UK financial regulation data. The Financial Conduct…
Palantir extends reach into British state as it gets access to sensitive FCA data
Exclusive: Allowing US tech firm to analyse intelligence in name of tackling fraud raises fresh concerns over privacy Campaign groups rail against Palantir, but the UK contracts keep coming Palantir is to be granted access to a trove of highly sensitive UK financial regulation data, in a deal that has prompted fresh concerns about the…
Coinbase adverts banned in UK for suggesting crypto could ease cost of living crisis
Advertising Standards Authority says firm advised by George Osborne ‘trivialised risks of cryptocurrency’ A cryptocurrency company advised by George Osborne has been banned from showing a set of adverts that suggested using its services could be a solution to the cost of living crisis. Coinbase, which appointed the former Conservative chancellor to chair its global…
UK exposed to ‘serious harm’ by failure to tackle AI risks, MPs warn
Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sector Consumers and the UK financial system are being exposed to “serious harm” by the failure of government and the Bank of England to get a grip on the risks posed by artificial intelligence, an influential parliamentary committee has…
UK Treasury drawing up new rules to police cryptocurrency markets
Rachel Reeves wants to protect consumers by bringing digital money and assets into the ‘regulatory perimeter’ Cryptocurrencies will be regulated in a similar way to other financial products under legislation coming into force in 2027. The Treasury is drawing up rules that will require crypto companies to meet a set of standards overseen by the…