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Yesterday β€” 31 May 2024Main stream

Santander customers’ private data put up for sale for $2m by hackers

By: Zoe Wood
31 May 2024 at 11:50

ShinyHunters stole information including bank and credit card numbers, as well as staff HR details

Hackers are attempting to sell confidential information including the bank and credit card numbers of millions of Santander customers to the highest bidder.

ShinyHunters posted an advert on a hacker forum for the data, which it says also includes staff HR details, with an asking price of $2m (Β£1.6m). It is the same organisation that claims to have hacked Ticketmaster.

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Β© Photograph: Kacper Pempel/Reuters

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Β© Photograph: Kacper Pempel/Reuters

CMA to investigate Β£2.9bn takeover of Virgin Money by Nationwide

31 May 2024 at 05:57

Watchdog opens first stage of merger process to examine whether deal would lead to less competition

The UK competition regulator has launched an inquiry into the Β£2.9bn takeover of Virgin Money by the rival lender Nationwide Building Society.

The Competition and Markets Authority (CMA) said it had opened the first stage of its merger process to look at whether the deal – one of the largest transactions in the banking sector since the 2008 financial crisis – would lead to substantial lessening of competition.

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Β© Photograph: Rafael Henrique/SOPA Images/REX/Shutterstock

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Β© Photograph: Rafael Henrique/SOPA Images/REX/Shutterstock

Before yesterdayMain stream

Nationwide blocked my debit card and won’t tell me why

30 May 2024 at 02:00

Its fraud team couldn’t resolve the matter and I’m running out of money

I’ve banked with Nationwide building society for more than 30 years without a problem – until last week when it blocked my debit card without explanation.

I’ve spoken to four members of its fraud team. They have been helpful and kind but their suggestions have, sadly, not resolved the matter. I am running out of money and have had to cancel a Sainsbury’s food delivery because I can’t pay for it and will soon be out of food.

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Β© Photograph: Peter Alvey/Alamy

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Β© Photograph: Peter Alvey/Alamy

Next UK government should introduce scams legislation, says City lobby group

Group wants big tech social media firms to pay up to Β£40m a year to reimburse customers after years of shouldering cost of fraud

A leading City lobby group is calling on the next government to bring in scams legislation that forces big tech and social media companies to cough up up to Β£40m a year to reimburse customers and fight fraud on their platforms.

The demand came in a β€˜financial services manifesto’ released by UK Finance, which represents banks, payments companies and other financial firms.

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Β© Photograph: Canadian Press/REX/Shutterstock

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Β© Photograph: Canadian Press/REX/Shutterstock

Virgin Money shareholders vote for Nationwide takeover by big majority

The deal won approval of 89% of voting shareholders, lining up Richard Branson for a Β£724m windfall from sale

Virgin Money shareholders have voted in favour of a Β£2.9bn takeover by rival lender Nationwide Building Society, helping clear the path for the biggest UK banking deal since the financial crisis.

Just over 89% of voting shareholders said yes to the deal at a general meeting on Wednesday, while nearly 11% rejected the move. The resolution required at least 75% backing to pass.

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Β© Photograph: Henry Nicholls/Reuters

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Β© Photograph: Henry Nicholls/Reuters

Nationwide doubles maximum personal loan to Β£50k amid rising building costs

18 May 2024 at 03:00

Previous Β£25,000 maximum no longer enough to fund some home improvements, says building society

Nationwide building society has doubled the maximum personal loan it will offer borrowers to Β£50,000, citing the continued increase in building costs as the reason for the change.

The society previously offered up to Β£25,000 for qualifying customers but said this was no longer enough to fund some home improvement projects.

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Β© Photograph: Reeldeal Images/Alamy

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Β© Photograph: Reeldeal Images/Alamy

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