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Jake Summerfield Comments on the Wonga Data Breach
Jake Summerfield, Managing Director, The Network Group Events, comments on the Wonga data breach:
“Unfortunately attacks such as this data breach at Wonga are becoming an all too common occurrence, particularly in the financial services industry which has seen a spate of hackings of late. Cyber-criminals are clearly scaling up their activity in the sector, and this significant breach clearly shows the risk that firms in the industry face from the cyber-threat.
“The good news is that CISOs are prioritising measures to combat the threat of a data breach. More than half (54%) of CISOs attending the Financial Services Information Security Network said they were investing in data security and integrity, with 57% of that group focusing on data loss or data theft prevention measures.
“We hope that the news about Wonga serves as a wake-up call for other lenders, banks and building societies to now take the cyber-threat seriously, listen to their information security experts and invest in network security measures to keep their customers’ data safe.”
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CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
Mobey Forum’s Fraud Expert Group has published a new report, Rethinking Fraud in a Connected World: Trust, Collaboration, and Resilience in the Digital Ecosystem, exploring how fraud is evolving beyond traditional banking threats and why stronger collaboration across industries is becoming essential.
SumUp Launches in Canada
SumUp, the global financial technology company, today announced its official launch in Canada. The milestone makes Canada SumUp's 38th market and its latest step in building out its presence across the Americas, as the company continues its mission to make commerce simpler and more accessible for all businesses worldwide.
European Fintech Association Elects New Board of Directors
The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
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Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
Connect IFA Ltd is pleased to announce key leadership appointments designed to strengthen its commitment to growth and enhance the support it provides to advisers and network members.
FreeAgent Launches New AI Tool for Landlords to Capture Rental Statements
FreeAgent, the innovative accounting technology company, has launched a new feature into its landlord software, enabling landlords and accountants to harness artificial intelligence to input and reconcile data from letting agent rental statements.