Princess Eugenie could expand American empire

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The Duke and Duchess of York travelled to New York last month when their daughter Princess Eugenie started work at the online fine art auctioneer Paddle8. The 23-year-old granddaughter of the Queen could, however, soon be back in Blighty.

Her boss, Alexander Gilkes, says the company he co-founded is to open an office in London.

“We’ve got a guy over here right now building a team,” he tells Mandrake at the GQ 25th anniversary dinner at the Phillips Gallery in Westminster, where he led the auction for the Prince’s Trust.

The Princess has a degree in Art History and English Literature from Newcastle University.

“We’re opening an office in London at the beginning of next year. One of our investors is Damien Hirst and his businessman is helping us. Jay Jopling is another investor who is offering us extra office support when we need it.”

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Alexander is the brother of Charlie Gilkes, the nightclub owner, who is a close friend of the Duchess of Cambridge and her sister, Pippa Middleton.

The Old Etonian’s Eighties-themed club in Chelsea, Maggie’s, features speeches by Baroness Thatcher played over speakers in the lavatories.

Due diligence on City merger

Dame Clara Furse, a former boss of the London Stock Exchange, overcame MPs’ worries about her suitability to sit on the board of the Bank of England’s powerful new body overseeing financial stability.

Happily, she had no such concerns about her daughter’s boyfriend, Charlie Southern, 26, who works in finance. He has been “cleared” to marry Cornelia Furse, 26, an analyst at Fidelity International.

Dame Clara gave Cornelia and each of her two brothers, Maximilian and Ralf, £100,000 worth of stock in the LSE stock in 2008. It should be a good wedding.

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Scotland Yard cyber crime unit to dramatically expand

Scotland Yard cyber crime unit to expand Photo: Alamy By Martin Evans, Crime Correspondent

7:00AM GMT 09 Nov 2013

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Scotland Yard is to dramatically expand its specialist E-Crime unit which could see 500 dedicated officers drafted in to tackle the ever growing problem of cyber attacks and internet fraud, the Daily Telegraph can disclose.

With MPs warning that cybercrime is now a Tier One threat to the country – on a par with international terrorism – resources are to be directed away from more traditional crime fighting areas to the specialist unit.

Terrorists, rogue states and fraudsters are thought to be increasingly targeting computer systems in Britain and law enforcement agencies are desperate to ensure they have the resources available to meet the challenge head on.

Scotland Yard set up its first computer crime team in the 1980s in order to support the fraud squad.

But in 2008 with the threat ever increasing, the Home Office funded the setting up of a specialist unit with its focus on investigating and tackling serious cyber crime across England and Wales.

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Until recently Scotland Yard held responsibility for the whole of England and Wales.

But when the National Crime Agency (NCA) – dubbed Britain’s FBI – was launched last month, it picked up the overall lead, leaving the Met to concentrate on London alone.

Around 70 per cent of the unit’s 80 officers transferred across to the new NCA team leaving a core of around 30 at Scotland Yard.

However the Daily Telegraph has learned that there are plans to massively expand the unit in the coming years, eventually boosting the number to around 500.

Cyber crime can range from low level phishing, where con men use the internet to target credit cards and back accounts, to large scale plots aimed at disabling the national infrastructure.

In the summer the Home Affairs Select Committee heard evidence that organised gangs in at least 25 countries, mostly in Eastern Europe, were increasingly targeting their efforts on the UK.

The official estimate puts on the cost of cybercrime to the British economy at around £27 billion.

But experts claim that figure is conservative and the true cost could be more than double.

Globally the cost is thought to exceed £300 billion, outstripping the annual value in the international drugs trade.

While financial cybercrime is a growing problem, the main concern is the threat posed by attacks from hostile states or terrorist organisations.

Plots against power stations, electricity suppliers or air traffic control systems could lead to a huge catastrophe and the loss of hundreds if not thousands of lives.

Scotland Yard refused to discuss specific plans, but Commander Steve Rodhouse, who is the force’s lead on Organised Crime said: “There is a great track record of significant results but we of course recognise that cyber is a growing area of criminality.

“Increasingly fraud and cyber crime are crossing over, and we are continually looking at how we can do more and use sophisticated techniques to beat these fraudsters.

“We will continue to look at how this area of our crime fighting is resourced particularly since the recent reorganisation of the national remit going to the National Crime Agency.

“It is a growing area of criminality and fraud and the threat of fraud through cyber crime impacts on people across London.”

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