BUSINESS WITH PERSONALITY END OF THE LINE? STOKED TALISMAN ONCE STRIKE-HIT SOUTH AGAIN THE SAVIOUR AS WESTERN SUFFERS ENGLAND WIN IN S.A. P31 £137M LOSS P6 WEDNESDAY 8 JANUARY 2020 ISSUE 3,529 CITYAM.COM FREE IRAN ATTACKS US FORCES Tens of missiles launched at multiple air HACK HOLDS bases housing US troops in Iraq TRAVELEX TO $6MRANSOM STEFAN BOSCIA “In the case of payment, we will City A.M.: “Organisations must notify delete and will not use that [data]base the ICO within 72 hours of becoming @Stefan_Boscia and restore them [across] the aware of a personal data breach unless HACKERS have warned Travelex that entire network.” it does not pose a risk to people’s it has just over a week to pay a ransom Employees at Travelex have resorted rights and freedoms.” of at least $6m (£4.6m) or else a to using paper and pen, while foreign Until yesterday, customers visiting tranche of sensitive customer data exchange transactions are only avail- the Travelex website were met with a JAMES WARRINGTON damage or casualties caused by the will be sold on the black market. able over the counter. message saying the site was down strikes. Cyber criminal gang Sodinokibi Firms who use Travelex’s for “planned maintenance”. @j_a_warrington The attacks mark a dramatic launched an attack on the foreign ex- network — such as Sains- The firm has denied there IRAN launched a string of missile escalation in a bitter clash between change company on New Year’s Eve, bury’s Bank and Virgin is any evidence that cus- attacks on US troops in Iraq late last the US and Iran after an American forcing Travelex to abandon its digital Money — have not been tomer data has been night, ratcheting up fears of a full- airstrike killed Iranian military networks and shut down its websites able to provide ex- blown military conflict between the commander Qasem Soleimani on in Asia, the US and Europe. change services at all. The firm is a fixture in two sides. Friday last week. The hackers, also known as REvil, Travelex released a departure lounges The Pentagon confirmed Tehran In a statement the Islamic claim they infiltrated the company’s statement on 2 January had fired more than a dozen ballistic Revolutionary Guard Corps said it network six months ago and have now to say the company had compromised. missiles against at had fired “tens of ballistic missiles” pilfered 5GB of customer data. discovered a virus and Tony D’Souza, chief ex- least two Iraqi air at the Al Assad base This includes customers’ dates of taken the company’s ecutive of Travelex, said: bases hosting US “in the name of birth, credit card information and systems offline. “We take very seriously our troops, including the Al martyr general social security numbers. However, it failed to report responsibility to protect the pri- Assad base in western Qasem Soleimani”. The Metropolitan Police confirmed the cyber attack to the information vacy and security of our...customers’ Iraq and another in A White House it was investigating the attack. watchdog, leaving the company poten- data.” He added: “We sincerely apolo- Erbil in the north of spokesperson said In a statement, the hackers said: tially open to a fine of up to four per gise for the inconvenience caused.” the country. President Donald “The deadline for doubling the pay- cent of global turnover. Travelex said it is working with the As City A.M. went to Trump was aware of ment is two days. Then another seven A spokesperson from the Informa- National Crime Agency and Metropol- print there was no Top Iranian official Saeed Jalili the situation and was days and the sale of the entire base. tion Commissioners’ Office (ICO) told itan Police to resolve the issue. information about any tweeted his country’s flag monitoring it closely. Archers shoot themselves in foot with Livery Company’s ban on women STEFAN BOSCIA served as trade associations and is the Worshipful Company of not 1820”, while councillor Anne members they are arguably also guilds for different crafts. Bowyers (long-bow makers), which Fairweather also said the group undermining the electoral @stefan_Boscia The groups now perform a does not allow women as members. needed to change its ways. franchise of Common Hall, and ONE OF the City’s ancient trade variety of functions, often relating The Bowyers have been criticised Hailes said: “Leaving aside the that is a real problem.” guilds that does not accept to training and education in their by a group of City of London principled inclusion and equality One source on the City of female members is “tainting” the respective fields, but retain a heavy councillors and aldermen as being issues for one moment there’s also London’s Court of Aldermen told City of London, according to a social aspect. They also have voting retrograde and discriminatory. a constitutional question as City A.M. it was absurd the group group of councillors. rights for senior City of London Alderman Tim Hailes and members of the Livery have a key still operated like this, but The City of London Corporation positions, such as Lord Mayor, in councillor Ed Lord lambasted the role in electing the sheriffs and understood the reasons behind it. has 110 associated Livery what is called the Common Hall. Bowyers, with both individually Lord Mayor. companies, which traditionally Included among the 110 groups repeating the phrase: “It’s 2020, “By failing to admit women as £ CONTINUES ON P4 FTSE 100▼ 7,573.85 -1.49 FTSE 250 ▲ 21,832.68 +72.15 DOW ▼ 28,583.68 -119.70 NASDAQ▼ 9,068.58 -2.88 £/$ ▼ 1.313 -0.004 £/€ ▲ 1.179 +0.002 €/$ ▼ 1.114 -0.005 02 NEWS WEDNESDAY 8 JANUARY 2020 CITYAM.COM FULL MARX Rebecca Long-Bailey gives defeated Jeremy Corbyn ‘10 out of 10’ as she launches her campaign for Labour leadership THE CITY VIEW Labour refuses to learn the lessons of defeat AVING overseen Labour’s worst defeat since the 1930s Jeremy Corbyn called for “a period of reflection”. HUnfortunately, this overlaps with the campaign to replace him, so instead of ruminating on the reasons for their electoral humiliation Labour MPs are busy pandering to a party membership that still thinks Corbyn was right and the voters were wrong. Shadow business secretary and darling of the Momentum group of hard-left activists Rebecca Long-Bailey was asked yesterday to rate Corbyn’s performance as leader out of 10. Having considered, presumably, a charge sheet that includes a lamentable failure to deal with antisemitism and the small matter of setting his party back 70 years, she declared “ten”. This will go down well with the party members but less so with fellow MPs, not to mention all those former MPs. LABOUR leadership frontrunner Rebecca Long-Bailey yesterday insisted she was “not anybody’s continuity candidate”, despite Ageing Marxist John McDonnell — who says he wants to slide giving Jeremy Corbyn 10 marks out of 10 for his direction of the party. The shadow business secretary told ITV that Corbyn was “one of the most...principled politicians I’ve ever met”.Last month Corbyn led the party into its worst election result since 1934. into the role of “elder statesman” — insists Long-Bailey has his full support. He also backs the hapless shadow justice secretary, Richard Burgon, to be her deputy. Burgon has been a painfully loyal supporter of Corbyn, but his talents don’t appear to extend much further than that. Labour’s chairman Ian Lavery flirted with a run at the top job but has pulled out and now backs Go-go in New York but Long-Bailey. This will deprive the opposition of a candidate who remains best known for pocketing £165,000 from a 10-member branch of the National Union of Mineworkers which he ran before becoming an MP. The main challenger, then, is Sir Keir Starmer, the shadow Brexit secretary. While he’d likely UK banks stay watchful give Boris Johnson a run for his money, it’s unclear how a committed Remainer would win back votes in the party’s HARRY ROBERTSON Leave-backing (former) heartlands. er supply in London, S&P’s report said “Fundamentally, it’s not that easy UK banks were entitled to have a nowadays for a bank to make very At least the race for deputy leader offers some light relief. @harrygrobertson “rosier view” after a bruising year, and strong returns.” Tooting MP Rosena Allin-Khan has proposed a “Ministry of US CREDIT rating agency Standard & predicted that banks would have an Catherine McGuinness, policy chair Fabulosity” which would “be dominated by fabulous MPs and Poor’s (S&P) yesterday predicted UK easier time in 2020. at the City of London Corporation, banks will “ease” rather than “roar” The rating giant said that the arrival said: “The crucial role of services — come out with fabulous policies”. When pressed yesterday by into the 2020s as low interest rates, of some political certainty following banking or otherwise — to households ITV on what sort of fabulous ideas this ministry could produce, tech disruption and politics present Boris Johnson’s thumping election vic- and businesses up and down the coun- she claimed that in politics “there is room for a dance off”, new challenges to the sector. tory reaffirmed its judgement that UK try must be reflected in negotiations adding “we all love a boogie”. And she’s one of the more sane British lenders had a torrid 2019, banks are “stable”. around our future relationship with with expensive misconduct charges Yet the report said: “Brexit is more of the European Union.” and competent Labour MPs.