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UK to impose £17m Fine if Firms Don’t Protect Against Hackers

The British government has stated that firms could be fined up to £17m if they do not protect themselves from cyber attacks. The Digital Minister, Matt Hancock, is believed to have said that the fine, which could be up to £17m, is likely to be used only as a last resort. The fine, a part

Critical: The Official U.K. Terror Threat Assessment

The U.K. recently raised its terror threat to “Critical,” which means that authorities believe another attack can come imminently. Early in September 2017, the terror threat level stood one level below at “Severe,” after the U.K. saw four terror attacks in the space of three months. British Prime Minister Teresa May was reported as saying

Digging up Dirt: Cleaning up the Mining Industry

The UK’s Serious Fraud Office has recently opened an investigation that delves deep into the life of the mining company Rio Tinto. Based in the Republic of Guinea, Rio Tinto is suspected of corruption. The mining giant reported itself to authorities based in the United States and the UK. The alleged corruption is thought to

The Dirty Laundry of Cheap Exports: The Case of Sohel Rana

  Sohel Rana, the owner of Rana Plaza, a tower in Bangladesh which collapsed in 2013, killing 1000 garment factory workers and injuring 2500, was recently found guilty of corruption. It is the first of several counts he faces, including murder, in the wake of the worst industrial accident in Bangladeshi history. The collapsed building

RKN Global on Online Shopping Fraud

Shopping online seems to be getting easier, as more and more retailers realize that customers want to shop in the comfort of their own home. Unfortunately, some fraudsters use sophisticated methods to commit online shopping fraud and victimize customers. In 2016, incidences of digital fraud were up by more than 40% over the previous year,

Wannacry Ransom Moved from Online Wallets

More than £100,000 worth of bitcoins that were paid by the victims of the WannaCry attack has been removed from online wallets. The UK’s National Health Service, and many other organizations throughout the world fell foul of the attack, which stopped hospitals and power companies in their tracks. RKN Global’s founder, Ronald K. Noble, observes