IT for financial services
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News
17 Mar 2024
UK’s AI ambitions pointless while cyber security is still neglected
The UK’s AI ambitions may be at considerable risk without stronger cyber defences across the private and public sectors Continue Reading
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News
13 Mar 2024
Microsoft AI-powered cyber service to go live in April
After a year being previewed by beta customers, Microsoft’s much vaunted Copilot for Security service is about to go on general release, promising time savings and improved accuracy for hard-pressed security pros Continue Reading
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News
12 Mar 2024
March Patch Tuesday throws up two critical Hyper-V flaws
Two critical vulnerabilities in Windows Hyper-V stand out on an otherwise unremarkable Patch Tuesday Continue Reading
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News
12 Mar 2024
Nationwide IT infrastructure poised to absorb Virgin Money
A Nationwide takeover of Virgin Money will be the biggest financial services acquisition since 2008, but what about the IT challenges and opportunities that go with it? Continue Reading
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News
05 Mar 2024
American Express customers exposed through third-party breach
US card giant warns customers that their personal details may have been exposed after a third party experienced a systems breach Continue Reading
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News
05 Mar 2024
Banning ransomware payments back on the agenda
The idea of banning ransomware payments to cyber criminals is back on the agenda, with former NCSC chief Ciaran Martin arguing that tougher measures need to be taken Continue Reading
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Opinion
05 Mar 2024
How Southeast Asia’s largest bank is riding the AI wave
DBS has scaled its AI capabilities across all parts of its business to deliver tangible outcomes and productivity gains Continue Reading
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Feature
01 Mar 2024
Ivanti vulnerabilities explained: Everything you need to know
A series of vulnerabilities in Ivanti products have caused concern worldwide. Delve into some of the key issues arising from the Ivanti disclosures, looking at the vulnerabilities and their impact, what affected users should do, and learn about new developments Continue Reading
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News
28 Feb 2024
75% of third-party breaches target software, IT supply chains
Data drawn from SecurityScorecard’s telemetry reveals how supply chain breaches are becoming a weapon of choice for threat actors Continue Reading
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News
28 Feb 2024
Users love their cyber teams, but find them frustrating
Despite strong support for security teams, a good number of ordinary workers see them as obstructive to business goals, and would like to see them operate more transparently Continue Reading
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News
27 Feb 2024
Black Basta and Bl00dy ransomware gangs exploiting ConnectWise vulns
More ransomware gangs have been observed exploiting two dangerous vulnerabilities in ConnectWise ScreenConnect software, prompting new warnings for users to get patching Continue Reading
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News
27 Feb 2024
VulnCheck bug listing to help track new threats quicker
Exploit intelligence firm VulnCheck launches a proprietary Known Exploited Vulnerabilities catalogue in hopes of improving end-user access to intel on emerging threats and reaching those that the likes of CISA do not Continue Reading
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News
27 Feb 2024
Majority of UK employees ‘willingly gamble’ with security
Human-centric threats originating from employees continue to damage organisations both financially and reputationally, according to a report Continue Reading
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News
27 Feb 2024
Cozy Bear and other APTs changing tack as cloud adoption increases
A change in APT tactics has been observed resulting from greater adoption of cloud-based services, according to the NCSC Continue Reading
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News
23 Feb 2024
ConnectWise users see cyber attacks surge, including ransomware
ConnectWise ScreenConnect users who have yet to patch against a critical vulnerability are now being targeted by a barrage of cyber attacks, including ransomware Continue Reading
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Opinion
22 Feb 2024
How can we adapt work practices to protect CISO mental health?
Cyber leaders are finding it harder to keep up with security requirements than just two years ago, risking a domino effect of dissatisfaction, burnout and eventually, resignation Continue Reading
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News
21 Feb 2024
CVE volumes set to increase 25% this year
The number of reported Common Vulnerabilities and Exposures is likely to grow significantly in 2024, hitting a new high of almost 35,000, according to Coalition, a cyber insurance specialist Continue Reading
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News
21 Feb 2024
Co-op signs TCS deal for cloud-first push
The Co-operative Group has contracted IT service provider Tata Consultancy Services to support its move to a cloud-first IT environment Continue Reading
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News
21 Feb 2024
How Indian fintechs can address compliance issues
Fintechs will need to bolster their know-your-customer practices and establish self-regulatory mechanisms, among other measures, to address compliance issues that have come under the spotlight Continue Reading
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News
14 Feb 2024
Microsoft patches two zero-days for Valentine’s Day
Two security feature bypasses impacting Microsoft SmartScreen are on the February Patch Tuesday docket, among more than 70 issues Continue Reading
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News
13 Feb 2024
How DBS is industrialising AI across its business
Southeast Asia’s biggest lender is building a strong data foundation and upskilling employees on data and artificial intelligence to realise its vision of becoming an AI-fuelled bank Continue Reading
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News
13 Feb 2024
Hunter-killer malware volumes seen surging
Latest Picus Security report on malware tactics, techniques and procedures reveals an increasing focus on disabling security defences Continue Reading
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News
09 Feb 2024
Europe carves out niche in quantum computing
As the US, China and Europe accelerate investment in quantum computing, Europe is beginning to develop its own unique position in the fledgling global ecosystem Continue Reading
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Opinion
07 Feb 2024
Security Think Tank: The phishing forecast for 2024
Egress' Jack Chapman and James Dyer explore how phishing attacks are set to grow in their scope and sophistication this year, with generative AI playing a big role Continue Reading
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News
06 Feb 2024
UK’s McPartland Cyber Review to probe trust in technology
The UK government has launched a cyber security review that will investigate how best to give businesses the confidence they need to use new technologies Continue Reading
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News
31 Jan 2024
Aviva signs 15-year contract with Indian IT giant
Tata Consultancy Services continues to make large gains in the UK life insurance and pensions sector Continue Reading
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News
25 Jan 2024
Bugcrowd sees surge in vulnerability submissions, led by public sector
Crowdsourced vulnerability disclosure and bug bounty platform Bugcrowd says it saw a 151% uptick in submissions related to government and public sector organisations in 2023 Continue Reading
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News
24 Jan 2024
WebKit vulnerability sparks Apple’s first major security update of 2024
A zero-day in the open source WebKit browser engine that powers Safari has sparked Apple’s first major patch roll-out of the new year Continue Reading
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News
24 Jan 2024
AI will heighten global ransomware threat, says NCSC
The benefits of artificial intelligence to cyber criminals being well-known, the NCSC now assesses it’s likely AI will soon be widely used to enhance ransomware attacks Continue Reading
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News
23 Jan 2024
Treat cyber risk like financial or legal issue, says UK government
UK government and NCSC launch proposed code of practice on cyber security governance to help directors and business leaders toughen their defences Continue Reading
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News
23 Jan 2024
Leak of 26 billion records may prove to be ‘mother of all breaches’
The discovery of a dataset comprising 26 billion stolen records may prove to be record-breaking in both its size and the danger it poses to ordinary people Continue Reading
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News
23 Jan 2024
SEC bitcoin hack was result of SIM-swapping
A cyber attack on the US financial regulator earlier in January 2024 occurred after hackers took over one of its mobile phone accounts in a so-called SIM-swapping attack Continue Reading
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Feature
17 Jan 2024
Biometric revolution in IAM: The future of authentication
The IAM landscape is experiencing profound change thanks to the advent of biometrics. Learn about the latest advantages and key benefits of biometrics in identity Continue Reading
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News
17 Jan 2024
Victims of 2023 Capita data breaches head to High Court
More than 5,000 people impacted by data breaches arising from two cyber incidents affecting outsourcer Capita have joined a group action lawsuit Continue Reading
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Opinion
16 Jan 2024
The human toll of ransomware: how IT pros suffer during incidents
Any ransomware attack causes significant challenges for a business or organisation going through such incident. But ransomware attacks also have tremendous impact on the staff – especially IT teams – working on mitigating the attack’s effect Continue Reading
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E-Zine
16 Jan 2024
All eyes are on the Post Office scandal – at last
In this week’s Computer Weekly, 15 years since we first revealed the plight of subpostmasters, and four years since their High Court victory, the UK public and government are getting behind the victims, thanks to a TV dramatisation of the scandal. We look at government plans to quash convictions, and analyse the role of Horizon IT supplier Fujitsu in how the Post Office scandal developed. Read the issue now. Continue Reading
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News
15 Jan 2024
Santander bank added 4,500 tech staff last year
Santander added thousands of IT staff to its global operation last year, as part of its digital transformation Continue Reading
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News
11 Jan 2024
Cisco fixes high-impact flaw in unified comms platform
Cisco unified comms customers are urged to patch a critical vulnerability in Unity Connection, a messaging and voicemail product Continue Reading
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News
10 Jan 2024
Windows Kerberos, Hyper-V vulns among January Patch Tuesday bugs
Microsoft starts 2024 right with another slimline Patch Tuesday drop, but there are some critical vulns to be alert to, including a number of man-in-the-middle attack vectors Continue Reading
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News
10 Jan 2024
SEC social media hack highlights value of MFA
The US SEC briefly appeared to approve new bitcoin trading rules after a social media account was targeted by troublemakers, proving the value of MFA once again Continue Reading
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News
09 Jan 2024
Babuk Tortilla ransomware decryptor made available
A joint effort between Cisco Talos, Avast and the Dutch police will bring relief to many victims of a variant of the Babuk ransomware known as Tortilla Continue Reading
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News
05 Jan 2024
Information Commissioner questions DWP plan to monitor bank accounts of benefit claimants
The Information Commissioner has warned that legislation to give new powers to the Department of Work and Pensions to check bank accounts of benefit claimants for indications of fraud lacks appropriate safeguards Continue Reading
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News
03 Jan 2024
Artificial intelligence to the front in Sweden’s National Technology Strategy
Sweden focuses in on artificial intelligence in its latest far-reaching national IT strategy Continue Reading
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News
03 Jan 2024
Fighting money laundering with AI
Mike Foster, CEO of SymphonyAI Sensa-NetReveal, talks up how AI can be used to fight financial crime and how the company’s technology can augment existing AML investments Continue Reading
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Feature
28 Dec 2023
Decoding zero trust in endpoint security: A practical guide for CISOs
The exponential increase in endpoints has vastly expanded the average organisation’s attack surface – address this by applying zero-trust best practice to endpoints Continue Reading
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News
22 Dec 2023
Top 10 Middle East stories of 2023
Middle Eastern countries are on digital journeys, with many pinning their futures on expertise in advanced technologies Continue Reading
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News
22 Dec 2023
Top 10 financial services and fintech stories of 2023
Generative AI is the buzzword on every financial services IT professional’s lips as the technology promises to accelerate the ongoing fintech revolution Continue Reading
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News
21 Dec 2023
Top 10 cyber crime stories of 2023
Ransomware gangs dominated the cyber criminal underworld in 2023, a year that will prove notable for significant evolutionary trends in their tactics Continue Reading
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Opinion
20 Dec 2023
Beyond the office walls: Safeguarding remote workers from attack
Remote working has enabled people to work from almost anywhere but has piled pressure on cyber pros. Three years after Covid, how are best practices evolving and what can we expect going forward? Continue Reading
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Opinion
20 Dec 2023
Zero-trust principles: Your gateway to securing remote workers
Remote working has enabled people to work from almost anywhere but has piled pressure on cyber pros. Three years after Covid, how are best practices evolving and what can we expect going forward? Continue Reading
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Opinion
20 Dec 2023
Evolving best practice: What next for securing remote work?
Remote working has enabled people to work from almost anywhere but has piled pressure on cyber pros. Three years after Covid, how are best practices evolving and what can we expect going forward? Continue Reading
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News
20 Dec 2023
ALPHV/BlackCat operation down, but maybe not out
Multinational law enforcement has targeted the operations of the notorious ALPHV/BlackCat cyber extortion gang, but the group’s members appear to remain defiant Continue Reading
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Opinion
19 Dec 2023
Security Think Tank: Testing to improve remote worker security
Remote working has enabled people to work from almost anywhere but has piled pressure on cyber pros. Three years after Covid, how are best practices evolving and what can we expect going forward? Continue Reading
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Opinion
19 Dec 2023
Security Think Tank: Anytime, anywhere access is achievable
Remote working has enabled people to work from almost anywhere but has piled pressure on cyber pros. Three years after Covid, how are best practices evolving and what can we expect going forward? Continue Reading
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News
13 Dec 2023
Microsoft’s Christmas present for cyber teams: no zero-days
Barely 30 vulnerabilities, and no zero-days, have been fixed in the final Patch Tuesday drop of 2023 Continue Reading
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News
04 Dec 2023
CIO interview: Sasha Jory, Hastings Direct
For a company aiming to be the biggest digital insurer in the UK, that means going cloud-first, and focusing on innovation for both customers and employees Continue Reading
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News
01 Dec 2023
The Security Interviews: Mark McClain, SailPoint Technologies
SailPoint founder and CEO Mark McClain reflects on how the concept of identity has evolved over the past 20 years, and points to rapid evolution still to come Continue Reading
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News
30 Nov 2023
Government’s Online Fraud Charter welcomed
The government has corralled 11 of the largest tech platforms in the world to commit to its Online Fraud Charter, designed to tackle online scams, fake adverts, and more Continue Reading
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News
27 Nov 2023
MPs have ‘little confidence’ in Making Tax Digital success
MPs say HMRC’s Making Tax Digital programme is riddled with widespread and repeating failures, and criticise the programme for failing to be open about the costs and increased burdens on taxpayers Continue Reading
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News
27 Nov 2023
‘Excited’ finance firms pump money into digital technology
Over three-quarters of finance firms are currently restricted in what they can spend on technology due to the global economic climate, but expect spending to resume next year Continue Reading
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News
27 Nov 2023
India's Hexaware creates hundreds of jobs in UK
Hexaware opens IT services operation in Birmingham, with a plan to recruit 250 people in the region by 2025 Continue Reading
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Opinion
24 Nov 2023
DORA raises the stakes for cloud use in financial services
The EU's DORA regulations will raise the stakes for cloud in financial services but resilience is more than just a tech issue, says NetApp's Steve Rackham Continue Reading
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News
23 Nov 2023
DWP to surveil bank accounts of benefit claimants for fraud
The UK government has outlined how it plans to tackle benefit fraud by giving the Department for Work and Pensions new powers compelling banks to collect and share data on claimants’ bank accounts Continue Reading
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News
23 Nov 2023
Three-quarters of finance executives expect generative AI to replace them
Survey reveals an expectation that GenAI will take over many of the finance executive roles currently held by people Continue Reading
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News
20 Nov 2023
JPMorgan Chase tops bank AI ranking
Report reveals that JPMorgan Chase is the world's top bank for AI, along with Capital One and Royal Bank of Canada, but Europeans are lagging behind Continue Reading
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News
16 Nov 2023
Interview: Dan Huddart, CTO, Homeprotect
After building up experience in the insurance sector, Homeprotect’s chief technology officer sought the freedom to innovate being offered at the rapidly scaling company Continue Reading
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News
15 Nov 2023
US government reinforces ICBC hack link to Citrix Bleed
US Treasury adds weight to reports that a ransomware gang gained access to the systems of Chinese bank ICBC by exploiting a critical Citrix flaw Continue Reading
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News
14 Nov 2023
Million Brits could lose access to bank branch if closure rate continues
Even people in urban constituencies could lose access to a local bank branch, according to research Continue Reading
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News
13 Nov 2023
Lloyds Bank warns over rising threat of crypto scams
Report by Lloyds Banking Group finds there has been a 23% increase in cryptocurrency scams in 2023 compared with last year, targeting mostly younger investors Continue Reading
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News
13 Nov 2023
Shawbrook Bank slashes mortgage processing time through low code
Specialist business lending and savings bank is using Pegasystems’ low-code platform to rewrite and automate the customer journey Continue Reading
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News
10 Nov 2023
Ransomware attack on major Chinese lender disrupts financial markets
The financial services arm of one of the world’s largest banks was taken offline by a supposed LockBit ransomware attack, causing problems for US markets Continue Reading
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News
09 Nov 2023
Visa launches artificial intelligence advisory service
Visa is giving its customers the opportunity to tap into its global network of AI experts through its AI Advisory Practice. Continue Reading
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News
06 Nov 2023
NatWest taps IBM skills for generative AI
NatWest and IBM are developing generative AI capabilities to expand the capabilities of the bank’s virtual customer assistant Continue Reading
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News
06 Nov 2023
Netherlands starts building its own AI language model
Dutch government allocates €13.5m to develop an open artificial intelligence language model according to national values and guidelines. Continue Reading
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News
01 Nov 2023
Cloud banking fintech unicorn cuts 50 staff
UK fintech unicorn reduces its total staff by about 7% with sales and marketing roles taking the biggest hit. Continue Reading
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News
01 Nov 2023
Banking should start testing out quantum ideas
The finance sector should not ignore quantum computing, even though the technology is not yet ready Continue Reading
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News
01 Nov 2023
Lloyds bank kicks off Hyderabad operation
Lloyds Banking Group has opened its latest tech operation in Hyderabad, with plans to recruit around 600 IT experts Continue Reading
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News
01 Nov 2023
Darktrace CEO Poppy Gustafsson on her AI Safety Summit goals
As the AI Safety Summit at Bletchley Park takes place, Computer Weekly caught up with Darktrace CEO Poppy Gustafsson to find out what one of the UK’s most prominent AI advocates wants from proceedings Continue Reading
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Feature
31 Oct 2023
The world's most advanced Arabic LLM is now available on open source
On 30 August 2023, Abu Dhabi-based Inception, a subsidiary of G42, announced the release of an Arabic large language model to open source Continue Reading
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News
31 Oct 2023
Over a quarter of UK adults use buy now, pay later fintechs
Latest research from UK financial services regulator shows BNPL more likely to be used by people experiencing financial difficulty Continue Reading
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Opinion
30 Oct 2023
The implications of biased AI models on the financial services industry
The Bank of England has warned of the risk artificial intelligence models present in creating bias that could pose a threat to the UK’s financial services sector. How do those risks emerge and how they might be mitigated? Continue Reading
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Feature
25 Oct 2023
Finland shows off its new 20-qubit quantum computer
Anybody who scoffs at Finland’s lofty ambitions in the field of quantum computing should remember that not only is the country home to one of Europe's most successful companies (Nokia), but it also houses Europe’s most powerful supercomputer (LUMI). Continue Reading
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News
25 Oct 2023
UK Finance paints mixed picture of fraud as losses top £500m
UK losses to fraud in the first six months of the year topped £500m, but a slight decline in overall crime rates was observed, according to UK Finance’s latest data Continue Reading
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News
20 Oct 2023
CDO interview: Carter Cousineau, vice-president of data and model governance, Thomson Reuters
The news and information provider places a premium on responsible and ethical use of artificial intelligence, and central to that is the governance of data and the models surrounding it Continue Reading
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Opinion
19 Oct 2023
DORA: Moving into a new era of digital resilience
The EU’s Digital Operational Resilience Act will come into force in just over a year, the majority of risk management professionals are only at the beginning of their planning journey. Kate Needham-Bennett of Fusion Risk Management explains how to get things moving Continue Reading
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News
04 Oct 2023
Lloyds Bank launches digital identity app
Lloyds Bank has launched a digital identity app with tech startup Yoti, after it invested £10m in the firm Continue Reading
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News
04 Oct 2023
Visa to invest $100m in generative AI startups
Payments giant investing in startups that focus on applying generative AI to commerce and payments Continue Reading
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Opinion
04 Oct 2023
AI vs software outsourcing: An opportunity or a threat?
While artificial intelligence offers unprecedented opportunities for growth, efficiency and automation, it also raises pertinent questions about the future of software outsourcing Continue Reading
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News
26 Sep 2023
HMRC names and shames non-compliant umbrella firms for running tax avoidance schemes
The government tax collection agency is stepping up its efforts to prevent contractors falling victim to non-compliant umbrella firms with three new names added to its list of known tax avoidance schemes Continue Reading
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News
25 Sep 2023
Visa to fund AI scholarships for underrepresented students in government scheme
Payments giant supports UK scheme to increase diversity in the data and artificial intelligence sector through funding Continue Reading
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Opinion
25 Sep 2023
Insights from launching a developer-led bank
A software developer's approach to building a bank in the digital age. Continue Reading
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Opinion
19 Sep 2023
Ending the online fraud epidemic
A different approach to managing personal data across the web is possible - and it could minimise online fraud, boost e-commerce, and help make the web more secure. So why isn't the government doing it? Continue Reading
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News
18 Sep 2023
Unregulated DeFi services abused in latest pig butchering twist
Pig butchering scammers are taking advantage of the unregulated nature of DeFi crypto trading apps to siphon off even more money from their victims, according to the latest findings of an ongoing investigation Continue Reading
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News
18 Sep 2023
Government seeks industry views on cyber threat to UK CNI
The Science, Innovation and Technology Select Committee is seeking evidence from the cyber sector as it launches an inquiry into the resilience of the UK's critical national infrastructure Continue Reading
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News
15 Sep 2023
Number of UK contactless payments rose by 30% last year
UK consumers are increasingly making contactless payments, with the number of payments using the technology up 30% last year Continue Reading
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News
13 Sep 2023
Banks less focused on metaverse technology than last year
Senior banking executives have reduced their focus on investigating metaverse technology in the past 12 months Continue Reading
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News
13 Sep 2023
Patch Tuesday: Microsoft fixes zero-days in Word and Streaming Service
September 2023 brings a light Patch Tuesday, with two zero-days and five critical vulnerabilities listed in the latest release Continue Reading
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News
12 Sep 2023
European enterprises to spend more on generative IT to close gap on US
European organisations are upping their spending on generative AI innovation, but face challenges recruiting the right people to support this Continue Reading
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News
12 Sep 2023
European fintech investment plummets, but more sustainable future lies ahead
Investment in European fintechs has seen a dramatic drop, but a more sustainable sector will result from investment discipline Continue Reading
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News
11 Sep 2023
University of Glasgow launches Centre for data science and AI
Scottish university will apply artificial intelligence and data science to help solve some of the world's biggest challenges Continue Reading
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News
08 Sep 2023
HSBC collaborates on hybrid quantum optimisation
The bank, which wants to be at the forefront of quantum computing, is looking at how it can manage collateral assets more efficiently Continue Reading
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News
08 Sep 2023
Sensitive NatWest customer files set to be returned after High Court agreement
Sensitive NatWest customer files set to be secured by bank after years in the home of a data breach whistleblower Continue Reading