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Afternoon all,

In another twist in the Asos hack saga, our retail reporter Felix Armstrong has reported that the group of hackers has also claimed responsibility for a breach of Air France-KLM. The airline group told City AM that although there was unauthorised access to internal folders, they didn’t contain any sensitive data.

Meanwhile, moving from human hackers to cyber ones, the AI minister Kanishka Narayan has warned that frontier labs must “be honest” about the “inevitable” risk of AI cyberattacks on Britain.

PLUS: A satirical art installation has cropped up just opposite the Bank of England on Threadneedle Street. A spokesperson for Banksy has said that he was not behind the stunt.

We’ll be back in your inboxes at 8am tomorrow. In the meantime, have a great evening!

Matt

RETAIL
Asos hackers claim responsibility for Air France-KLM data breach

The individuals who claimed responsibility for the Asos data breach, who call themselves Xuanye Group, last week circulated data which they claimed was obtained from the airline group. 

Air France-KLM confirmed to City AM that it recently detected a data breach. A spokesperson for the airline said: “The Air France-KLM Group continuously monitors all applications and data it uses for both its customers and employees.

“Although protected by mandatory multi-factor authentication (MFA) , the group’s IT teams recently detected unauthorised access to internal folders that did at this stage, not contain any sensitive data.

AI
AI minister warns of ‘inevitable’ cyber attack on UK as he tells labs to ‘be honest’

In his first major intervention since joining the cabinet, Narayan argued that companies developing the world’s most advanced AI models must do more to identify risks, report incidents and strengthen safeguards.

The minister also announced further steps to bolster Britain’s cyber defences, while making the case for the UK to develop more of its own AI technology rather than relying on systems built overseas.

POLITICS
Triple lock reform and scrapping IHT: Voters give thumbs up to Labour and Tory policies

The latest City AM/Freshwater Strategy poll of UK voters showed that the British public back the major policies announced by the two biggest parties, putting insurgent groups such as Reform UK and the Greens under pressure to maintain momentum.

SQUARE MILE
Bank of England targeted in inflation installation stunt

Over the weekend, a satirical art piece appeared across the road from the central bank’s office on Threadneedle Street.

A black Canon printer, sitting atop a decorative silver-beaded pedestal surrounded by a stream of banknotes, was locked inside a tall transparent display case. The case, held up by a bright red frame, reads: “In case of emergency inflation. Break Glass.”

PROFESSIONAL SERVICES
McKinsey senior partner demoted over controversial social media post

Chris Bradley, a senior partner in Australia, was removed from leadership roles after an internal review of his social media comments, according to reports.

Last month, Bradley had a back-and-forth on a LinkedIn post, now deleted, with one of the authors of a new book discussing the workplace “glass cliff” for women. The term ‘glass cliff’ is used when women and people from underrepresented groups are appointed to leadership roles during periods of crisis.

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SPORT BUSINESS
Manchester City need a nine-year sanction, says architect of Premier League

Integrity appears to be the watchword in much of the discourse around Manchester City and the biggest scandal in the history of the Premier League.

Alex Fynn, who helped formulate the Premier League, discusses the Manchester City case, how it has affected Arsenal and his new book on the north London club.

LIFE&STYLE
Where to eat Greek food in central London

The taverna is a semi chaotic, elbow-pressed testament to grilled meats and oregano-spiked salads. In Athens this summer, I ate bowls of brothy chickpeas at Diporto and in the evening, beef livers and lamb pilaf at Manari Tavern. Back in London, Greek food is hardly groundbreaking, but a new generation of restaurants is very much in vogue.

It’s dippier with more bread varietals. The plates and chops are a little smaller, the rooms more contrived in a gesture towards tradition or an attempt at rupture from it. In effect, London-accented. From tasting menus to family favourites, it’s all Greekish in the city, writes Carys Sharkey.

OPINION
Britain’s wealth exodus is only going to get worse

Britain must compete to keep its wealthy as countries like Oman offer greater stability, lower taxes and less crime, says Damien Phillips.

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