Lloyds Banking Share Discussion Threads

[minerve 2] 10/1/2020 17:18

So grahamite is practically saying that a guy in his 30s, not living in his own house, with little opportunity to save enough deposit, working two jobs to make ends meet, with no prospect of retirement in life at all, with student debt perhaps, little say on workers' rights, human rights has no need for a Labour government to represent him any more?

What complete and utter nonsense.

[crossing_the_rubicon] 10/1/2020 17:12

"Harry and Meghan’s royal exit plan was a shocking and confusing development for a country already on the verge of revolutionary change, Tim Ross writes"


Good riddance if you ask me...

Meghan Markle has been nothing but trouble..as I knew she would be.

[mitchy] 10/1/2020 17:05

Dow Jones News



Lloyds Banking (LSE:LLOY)
Intraday Stock Chart

Today : Friday 10 January 2020
Click Here for more Lloyds Banking Charts.By Anna Isaac and Caitlin Ostroff

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the U.S. print edition of The Wall Street Journal (January 10, 2020).

A New Year's Eve ransomware attack on foreign-currency exchange company Travelex has disrupted cash deliveries from its global network of vaults to major international banks.

Banks in the U.K., including units owned by Barclays PLC, Lloyds Banking Group PLC, as well as Westpac Banking Corp. in Australia said Thursday they were unable to take orders from customers in branches that rely on Travelex to supply cash in foreign currencies. The banks' online retail foreign-currency exchange services, which are outsourced to Travelex, were also shut off.

Travelex's internal networks and consumer-facing websites and ap p have been offline since the attack, after the company shut down its computer systems to stop a ransomware virus that infiltrated its networks.

A Travelex spokeswoman confirmed that the outage has limited the service its wholesale operations provided to other institutions.

Representatives for Barclays, Lloyds and Westpac all confirmed the disruptions were because of the Travelex outage.

Travelex, a unit of U.K.-listed payments conglomerate Finablr PLC, is best known for its global network of retail foreign-exchange kiosks that target customers passing through international airports. Those operations have been hobbled by the attacks, with agents resorting to manual operations, writing handwritten receipts. Travelex has told customers of its prepaid currency debit cards, popular with overseas travelers, to access account information by phone or through alternate websites.

A lesser known, but important, part of Travelex's operations is its business helping other financial institutions manage their supply of foreign bank notes.

Underpinning this business is a network of high-security vaults in 14 countries including the U.S., with a vault in Louisville, Ky., the U.K., Australia, Japan and China. It uses these vaults to supply cash notes to wholesale clients including banks, central banks, travel agencies, hotels and casinos, according to a company bond prospectus from 2017 and a separate business brochure that appeared to be posted on a company website in September 2019.

Travelex's central-bank clients have included the Central Bank of Nigeria, where it was responsible for the distribution of U.S. dollars in Lagos, according to the bond prospectus. A spokesman for the Central Bank of Nigeria declined to comment.

The business brochure describes Travelex's work with Malaysia's central bank, where it has provided foreign currencies and consulted with it to stop traffickers illegally transporting bank notes into the country. Bank Negara Malaysia representatives didn't immediately respond to requests to comment.

In a statement this week, Travelex said that the software virus is a ransomware known as Sodinokibi, also commonly referred to as REvil. It said the attack froze access to its data by locking it up in encrypted form.

Ransomware is a technique used to extort money by infecting systems and then shutting off access to data and processing capabilities. Money is demanded by the attackers in exchange for regaining access or to prevent data breaches. A string of such attacks have hampered operations at companies and governments in the past year.

Successful ransomware attacks, in which victims pay money to release their data, appears to have encouraged more attacks and demands for bigger ransoms. In June 2019, the city of Riviera Beach in South Florida paid nearly $600,000 to hackers who paralyzed the city's computer systems.

Lawrence Abrams, a New York-based security researcher, said he had contact with the group behind Sodinokibi on Tuesday, which claims to have hacked Travelex.

Mr. Abrams said the group implied to him that it is in negotiations with Travelex for it to pay a $3 million ransom and that the company had until early next week before they released the data publicly. He said the group told him they have stolen 5 gigabytes of data, including dates of birth, social security numbers and credit-card numbers, and that it deleted all data backup.

A Travelex statement issued Tuesday said that there was "no evidence to date that any data has been exfiltrated" or taken off the network. "There is no evidence that structured personal customer data has been encrypted," the company said. Structured data usually refers to information that can be easily analyzed, such as data in a spreadsheet or database.

Mr. Abrams said the hacking group might be bluffing to pressure the company into paying the ransom.

"Ransomware is very public. They want to leverage this fear factor," he said. He said that the group he communicated with also declined to provide Mr. Abrams with a screenshot proving their possession of customer data.

The Travelex spokeswoman declined to comment about whether it is interacting with the attackers or what ransom demand has been made.

"There is an ongoing investigation. We have taken advice from a number of experts," she said. London's Metropolitan Police are spearheading a criminal investigation. The company has also hired cybersecurity experts to conduct forensic analysis of the attack.

Write to Anna Isaac at [e-mail] and Caitlin Ostroff at [e-mail]


(END) Dow Jones Newswires

[alphorn] 10/1/2020 16:52

max - no doubt you believe all that gumpf?

Now where is GBP and the likes of Aviva, Lloyds etc? All down. How can that be? Lol

[alphorn] 10/1/2020 16:50

m5 - welcome back. I presume that they don't yet have internet in Canada?

IBM 5150 too heavy to pack? Lol

[minerve 2] 10/1/2020 16:32

It is not really comparing like with like grahamite.

A guy in a shed with a camping stove and cool box is better off than the cave dweller but that is beside the point.

What point are you trying to make, it isn't coming across very convincingly.

[mr.elbee] 10/1/2020 16:31

.....which was a ridiculous concept invented by sociologists...NOT economists....for something to do now that it was clear[by the mid sixties] that ABSOLUTE poverty was no more in the UK.

[minerve 2] 10/1/2020 16:20

"And more than 3 you have trouble"

Or one Pogba.

LOL

[bargainbob] 10/1/2020 16:14

Money cannot buy a team being known for years . Have to say impressed with the Liverpool younger players against Everton , playing a system with passion and hunger.

Shankly was right , you need at least one Scotsman in the team or management . And more than 3 you have trouble . Man u forgot that principle lol.

[bargainbob] 10/1/2020 16:10

Grahamite Recall a fire Brigade union guy saying , how can you fight for pay injustice when your members have holiday homes in Florida.

[minerve 2] 10/1/2020 16:10

Almost as bad as Man U fans thinking they are still a top four club. ;)

[minerve 2] 10/1/2020 16:09

Some serious delusions of reality on this thread.

[grahamite2] 10/1/2020 16:06

The trouble Labour (and the Democrats) have is that the working man simply isn't poor and downtrodden any more. Tell a working man of the 30s his great grandson would have his own car, probably his own house, would go abroad every year and quite likely more than once a year, would have his own private cinema etc and he wouldn't have believed you.

So the Parties of the left had to reinvent themselves as the Parties of cranks and weirdos, of the unemployable and of minorities. These groups are almost by definition a minority. The amazing thing is that these Parties have lasted as long as they have.

[m5] 10/1/2020 15:58

I am just glad Bliar and Major stuck their head above the parapet and sealed the deal, I wonder how many extra votes that got the Torys. Those two are the Torys secret weapons. Oh not forgetting Tarzan, another vote winner.

[xxxxxy] 10/1/2020 15:47

Prior to Blair

[xxxxxy] 10/1/2020 15:46

He didn't know about when or why Labour had biggest majority. He is a loud mouthed thicky . A blagger of bluff and wing.

[xxxxxy] 10/1/2020 15:44

EU negotiationsBy JOHNREDWOOD | Published: JANUARY 10, 2020There is one simple rule for UK negotiators seeking a Free Trade Deal with the EU. We do not need to pay to trade. We do not need to accept restrictions and controls on our conduct in order to buy imports from the EU, any more than the USA or Canada or Japan do.A Free Trade deal is of great benefit to the EU, giving them privileged access to our large and lucrative market for their food and goods. They have promised one in the signed Political Declaration. They know what an FTA looks like, having recently signed ones with Canada and Japan.I trust the UK negotiators will table a draft FTA based on the best of Japan and Canada with suggested improvements given our tariff free starting point.We need to take back control of our fish. They should not be offered up as a further sacrifice to secure a Free Trade Agreement.There is no need for the negotiations to take longer than this year if there is good will on both sides. The UK can show its good will by tabling the proposal soon. If the EU is decent and wants to keep its word all will be well.

[mikemichael2] 10/1/2020 15:30

Think this guy has an agenda, seems to be getting the limelight lately, looks a bit thuggish. Min will like him.

[minerve 2] 10/1/2020 15:19

"Pays well but mums a bit of a bossy cow."

Class grammar.

;)

[bargainbob] 10/1/2020 15:16

Farmer Jacko no doubt was the top dealership for Robin Reliant in the UK before he became a republician.