What Caught Our Eye This Week?

1. Revolut customer data was breached as a result of a sophisticated government impersonation scam. The company confirmed that an unauthorized third party gained access to sensitive information relating to a limited number of users, Bloomberg reports.
   
   Revolut did not disclose the exact number of customers affected by the incident. However, the company said it had directly contacted those whose data may have been exposed and offered them support.
   
   The attack mechanism was particularly dangerous because the criminals didn't need to directly hack into Revolut's systems. They used an email address on a legitimate government domain, making their requests appear authentic.
   
   Revolut said it received false information requests and failed to recognize them as fraudulent. As a result, some customer data ended up in the hands of an unauthorized person.
   
   Read more in the article below:
   https://lnkd.in/e4x-U857

2. The EU has proposed a full ban on social media for under 13s, with proposed restrictions for 15-18 years old.
   
   In her State of the Union address, European Commission President Ursula von der Leyen said it was "time for Europe to Act".
   
   Ms von der Leyen said: "That means only mini accounts from 13 to under 15, set up and supervised by parents, with limited features and time restriction. And between 15 and 18, safe design will be an obligation for the platforms."
   
   She said the EU had looked at Australia, which became the first country to implement a minimum age for social media use.
   
   Read more in the article below:
   https://lnkd.in/dnK_rZXr

3. Successful cyberattacks cost affected SMEs an average of almost a full working week in operational disruption, with an average of 34 hours lost, a new report published on Tuesday said.
   
   The Hiscox Cyber Readiness Report 2026 said 36% of SMEs who suffered a cyber attack over the past year lost business opportunities or partnerships following the outage, while 34% delayed growth, expansion or new business initiatives.
   
   “Cybersecurity is no longer simply a technology issue. For an SME, losing almost a full working week to disruption can mean delayed orders, missed opportunities, pressure on cash flow, and valuable management time being diverted away from customers and growth," said Hiscox Ireland senior developent underwriter Ciara Weldon.
   
   Read more in the article below:
   https://lnkd.in/dSV2z5vY