News

IT for financial services

• July 30, 2025 30 Jul'25

  Scattered Spider tactics continue to evolve, warn cyber cops

  CISA, the FBI, NCSC and others have clubbed together to update previous guidance on Scattered Spider's playbook, warning of new social engineering tactics and exploitation of legitimate tools, among other things

• July 30, 2025 30 Jul'25

  MS Authenticator users face passkey crunch time

  The deadline for moving to passkeys in Microsoft Authenticator is rapidly approaching, and users are advised to take action now

• July 30, 2025 30 Jul'25

  AI-enabled security pushes down breach costs for UK organisations

  Organisations that are incorporating AI and automation into their cyber security practice are seeing improved outcomes when incidents occur, according to an IBM study

• July 29, 2025 29 Jul'25

  Global cyber spend will top $200bn this year, says Gartner

  Worldwide spending on cyber security will hit another record high in 2025, and will go higher still next year

• July 28, 2025 28 Jul'25

  European digital market figurehead pleads to Westminster

  Big EU industry joins with Europhile MP to persuade obstinate government officials to join the dataspaces intended to become the bedrock of Europe’s digital single market

• July 24, 2025 24 Jul'25

  SharePoint users hit by Warlock ransomware, says Microsoft

  Microsoft’s security analysts confirm a number of cyber attacks on on-premise SharePoint Server users involve ransomware

• July 24, 2025 24 Jul'25

  UK loses second spot in global fintech to UAE

  The UK has been pushed into third spot on global fintech market size data for the first half of this year

• July 24, 2025 24 Jul'25

  Dutch researchers use heartbeat detection to unmask deepfakes

  Dutch method to counter deepfakes analyses blood flow patterns in faces that current deepfake generation tools cannot yet replicate

• July 24, 2025 24 Jul'25

  Monzo’s £21m fine highlights banks’ cyber security failures

  Monzo’s recent fine over failings in its customer verification processes highlights wider security and privacy shortcomings in the personal finance world

• July 22, 2025 22 Jul'25

  Microsoft confirms China link to SharePoint hacks

  Microsoft confirms two known China-nexus threat actors, and one other suspected state-backed hacking group, are exploiting vulnerabilities in SharePoint Server

• July 22, 2025 22 Jul'25

  Chinese cyber spies among those linked to SharePoint attacks

  Exploitation of the ToolShell RCE zero-day in Microsoft SharePoint continues to gather pace, with evidence emerging of exploitation by nation state-backed threat actors

• July 22, 2025 22 Jul'25

  The Bank of England’s quiet ‘Big Bang’

  The Bank of England has completed its generational project to replace part of the UK’s critical infrastructure, which went unnoticed beyond the sector it underpins

• July 21, 2025 21 Jul'25

  Patch ToolShell SharePoint zero-day immediately, says Microsoft

  The active exploitation of a dangerous zero-day vulnerability chain in Microsoft SharePoint – which was disclosed over the weekend – is underway. Immediate action is advised

• July 21, 2025 21 Jul'25

  The Security Interviews: Jason Nurse, University of Kent

  Jason Nurse, reader in cyber security at the University of Kent, discusses the psychological side of cyber and online safety, why placing blame on users as ‘the weakest link’ is wrong – and why security pros should think about user needs more

• July 17, 2025 17 Jul'25

  Estimated 96% of EMEA financial services sector not ready for DORA

  Research from data backup provider Veeam indicates that vast majority of European financial services firms do not feel ready to meet the resiliency requirements of the EU’s DORA act

• July 17, 2025 17 Jul'25

  Fujitsu outage crashes Post Office Horizon system

  Japanese IT giant’s time serving the Post Office is due to end next year, but problems persist

• July 17, 2025 17 Jul'25

  Travelex replacing its software spine as part of cloud migration

  The foreign currency supplier is replacing its legacy supply chain backbone to enable its migration to the cloud

• July 16, 2025 16 Jul'25

  Scattered Spider playbook evolving fast, says Microsoft

  Microsoft warns users over notable evolutions in Scattered Spider’s attack playbook, and beefs up some of the defensive capabilities it offers to customers in response

• July 15, 2025 15 Jul'25

  UKtech50 2025: The most influential people in UK technology

  Computer Weekly has announced the 15th annual UKtech50 – our definitive list of the movers and shakers in the UK tech sector

• July 15, 2025 15 Jul'25

  Current approaches to patching unsustainable, report says

  Organisations are struggling to prioritise vulnerability patching appropriately, leading to situations where everything is a crisis, which helps nobody, according to a report

• July 14, 2025 14 Jul'25

  Brits clinging to Windows 10 face heightened risk, says NCSC

  Businesses and consumers alike may not feel the need to upgrade to Windows 11 as its predecessor approaches end-of-life, but they are putting their own security at risk, says the NCSC

• July 14, 2025 14 Jul'25

  Technology fuels successful FCA fight against unauthorised financial services

  The UK finance regulator is using data and technology to identify websites and apps that could cause financial harm

• July 10, 2025 10 Jul'25

  Irish bank rolls out AI tools to 10,000 staff

  Following exploration of artificial intelligence’s potential in conjunction with staff, AIB is rolling the tools out across the company

• July 10, 2025 10 Jul'25

  Four arrested in M&S cyber attack investigation

  Police have made four arrests in connection with a trio of cyber attacks on UK retailers Marks & Spencer, Co-op and Harrods

• July 08, 2025 08 Jul'25

  July Patch Tuesday brings over 130 new flaws to address

  Microsoft patched well over 100 new common vulnerabilities and exposures on the second Tuesday of the month, but its latest update is mercifully light on zero-days

• July 07, 2025 07 Jul'25

  Zopa to embed into Manchester’s tech ecosystem

  Challenger bank Zopa plans to eventually have 500 staff in its Manchester office, which will launch next month

• July 02, 2025 02 Jul'25

  Google fixes type confusion flaw in Chrome browser

  An actively exploited type confusion vulnerability in the Google Chrome web browser needs immediate attention from users

• July 02, 2025 02 Jul'25

  TSB faces another risky IT migration as Santander eyes UK bank

  TSB’s customers were moved to the in-house-developed platform of its parent, Sabadell, in a disastrous migration in 2018

• July 02, 2025 02 Jul'25

  Dutch study uncovers cognitive biases undermining cyber security board decisions

  Dutch research reveals how cognitive biases can lead to catastrophic security decisions

• July 02, 2025 02 Jul'25

  Digital workers at US bank to get their own email accounts

  The financial services sector is leading the way when it comes to using AI across operations – and it’s not afraid to talk about it

• July 01, 2025 01 Jul'25

  ING Bank transforming operations through agentic AI

  Netherlands-headquartered international bank is using artificial intelligence throughout its operations

• June 27, 2025 27 Jun'25

  Interview: Developing a CIO strategy for artificial intelligence

  We speak to Chris Loake, group CIO at Hiscox, about the roll-out of Microsoft Copilot and how to succeed with AI projects

• June 26, 2025 26 Jun'25

  Next phase of fintech reflected in strong financials, says World Economic Forum

  Digital-powered finance firms might not be growing their customer base as fast as the immediate post-pandemic period, but revenue and profits are strong

• June 24, 2025 24 Jun'25

  UK ransomware costs significantly outpace other countries

  UK organisations hit by ransomware attacks paid much higher ransoms than in other countries over the past 12 months, according to study

• June 24, 2025 24 Jun'25

  Zopa Bank launches current account earlier than expected

  Zopa launches its UK current account, five years after reinventing itself as a challenger bank

• June 20, 2025 20 Jun'25

  Cyber Essentials certifications rising slowly but steadily

  The number of businesses attaining the NCSC Cyber Essentials certification continues to increase, but much more can be done to raise awareness of the scheme

• June 20, 2025 20 Jun'25

  Dutch cloud pioneers face the hard limits of digital sovereignty

  The Netherlands’ ambitious talk of digital independence meets the unforgiving economics of global cloud dominance

• June 19, 2025 19 Jun'25

  UBS employee data leaked after cyber attack on supplier

  UBS and fellow Swiss bank Pictet have been affected by a cyber attack on a procurement service provider

• June 17, 2025 17 Jun'25

  Scattered Spider widens web to target insurance sector

  Following a series of high-profile attacks on prominent retailers and consumer brands, the Scattered Spider cyber crime collective appears to be expanding its targeting to the insurance sector

• June 17, 2025 17 Jun'25

  UKtech50: Vote for the most influential person in UK technology

  Our judges have selected the top 50 leaders from a shortlist of nearly 500 people – now it’s your chance to tell us who you think is the most influential person in UK technology

• June 12, 2025 12 Jun'25

  UKtech50 2025: the longlist of the UK’s influential tech leaders

  Each year, Computer Weekly launches a search for the most influential people in UK IT, asking the tech community who it thinks should be in the top 50 – here is the longlist of everyone nominated for 2025

• June 12, 2025 12 Jun'25

  Sweden gets help pulling its sovereign AI socks up

  Urgent government calls for more high-powered sovereign computers to fulfil Swedish goal of building a more powerful AI industry answered by foreign financiers, US tech and Europe’s AI emergency fund

• June 11, 2025 11 Jun'25

  West Brom Building Society project to meet customers’ digital demands

  Calls from customers for a choice of digital channels drove West Brom Building Society’s digital transformation project

• June 11, 2025 11 Jun'25

  June Patch Tuesday brings a lighter load for defenders

  Barely 70 vulnerabilities make the cut for Microsoft’s monthly security update, but an RCE flaw in WEBDAV and an EoP issue in Windows SMB Client still warrant close attention

• June 10, 2025 10 Jun'25

  UK finance regulator tie-up with Nvidia allows firms to experiment with AI

  FCA wants to support organisations in testing their ideas for the use of artificial intelligence

• June 10, 2025 10 Jun'25

  Third-party security weaknesses threaten Europe’s big banks

  Security breaches via third parties increased by 25% at Europe’s largest finance firms

• June 09, 2025 09 Jun'25

  Compensation to Post Office scandal victims reaches £1bn milestone

  The government has now paid out more than £1bn to victims of the Post Office Horizon scandal

• June 09, 2025 09 Jun'25

  Barclays rolls out Microsoft Copilot to 100,000 employees as AI adoption gathers pace

  Barclays is doubling down on its adoption of artificial intelligence tools by moving to embrace Microsoft Copilot with a large-scale roll-out of the technology to 100,000 staff

• June 05, 2025 05 Jun'25

  Citigroup cuts thousands of staff at China-based tech centres

  Financial services giant Citigroup is drastically reducing headcount in its Chinese tech delivery centres as it restructures its technology operation

• June 05, 2025 05 Jun'25

  Australia’s CommBank completes migration of data to AWS in AI drive

  Putting all of its data in AWS cloud will support bank’s use of artificial intelligence to offer customers more personalised services