On 12 May this year a virulent piece of ransomware was unleashed upon the globe by persons yet unknown. In the UK, hospital computers were rendered inoperable. Renault (EPA:RNO) was forced to shut down car production at some of its plants in France. Russian government websites went down. German railway station information panels were blanked and Spanish telephones operated by Telefónica (BME:TEF) went dead.
We all knew that cyber-security was a major issue in the current world, but this brought the issue to the front pages for the next few days. This was only the latest and most widespread manifestation of a problem that has been with us for some time – that of cyber-security. The issue raises so many questions. Can the big software powerhouses ever stop the hackers? What preventive action can we take – and who are the rising stars in cyber-security?
by Robert Stephens| Equities| 2 mins. to read One of the major challenges facing investors is how to generate an income return which beats inflation. This has been a problem since interest rates declined to historic lows following the financial crisis, but is now even tougher because of the rise in inflation.
by Jim Mellon| Economics| 6 mins. to read I was recently invited to a Conservative Party lunch hosted by the City and Westminster Tory Association. It was a jolly affair, with hundreds of well-oiled attendees, and despite the recent electoral setback, the mood appeared quite upbeat.
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