News

IT for financial services

• February 03, 2023 03 Feb'23

  Finance regulator finding more misleading promotions quicker through improved digital tools

  UK finance regulator able to find and block misleading promotions faster through improved digital tools

• February 03, 2023 03 Feb'23

  LockBit gang confirms Ion cyber attack as disruption continues

  The LockBit ransomware cartel has taken responsibility for this week’s attack on financial software firm Ion, and is threatening to leak stolen data on Saturday 4 February

• February 03, 2023 03 Feb'23

  FCA cracks down on misleading promos by social media influencers

  Social media is becoming a major part of the FCA’s work in clamping down on misleading financial advertising and promotions, with multiple influencers rapped for their behaviour

• February 02, 2023 02 Feb'23

  Suspected LockBit ransomware attack causes havoc in City of London

  A suspected LockBit ransomware attack on trading software firm Ion has caused chaos for City of London traders

• February 02, 2023 02 Feb'23

  UK government announces plans to protect consumers through cryptoasset regulation

  UK government wants feedback on its plans to regulate organisations operating in the cryptoasset sector

• February 01, 2023 01 Feb'23

  Cloud security top risk to enterprises in 2023, says study

  A PwC study finds senior executives expect cyber attacks on cloud services to increase significantly this year

• February 01, 2023 01 Feb'23

  PayPal slashes 2,000 jobs in face of tough economic outlook

  Fintech giant making thousands of redundancies as global economic outlook remains poor

• February 01, 2023 01 Feb'23

  Malware variant can block contactless payments

  Kaspersky warns that the latest variant of the Prilex malware can block contactless payments to force people to insert cards, enabling criminals to steal money

• February 01, 2023 01 Feb'23

  UK Cyber Council and ISACA launch audit, assurance programme

  The UK Cyber Security Council has teamed up with ISACA to partner on a new audit and assurance programme for security pros

• January 31, 2023 31 Jan'23

  Crédit Agricole tests quantum in finance

  The corporate and investment bank has run experiments with Pasqal and Multiverse to demo quantum computing in finance

• January 31, 2023 31 Jan'23

  Zurich Insurance Group plots multiyear move to AWS public cloud

  Multiline insurance firm Zurich is plotting a move to the AWS public cloud to help revamp its customer offerings

• January 31, 2023 31 Jan'23

  Digital banking changing the high street forever as banks close branches and open alternatives

  Banks are reshaping their channels as customers move to digital services, with physical innovation complementing digital strategies

• January 31, 2023 31 Jan'23

  Mark Logan on his vision for a Scottish technology ecosystem

  The Scottish Government’s entrepreneur advisor speaks to Computer Weekly about the philosophy behind an ambitious technology ecosystem strategy

• January 27, 2023 27 Jan'23

  Hive ransomware gang taken down after FBI hacks back

  The FBI hacked into Hive’s servers, stole its decryption keys and then took down its servers in a major action that has successfully disrupted a prolific and dangerous ransomware operation

• January 26, 2023 26 Jan'23

  Final months of 2022 saw highest ever number of bank account switches

  More people than ever before switched their current account provider using the government’s switching service

• January 25, 2023 25 Jan'23

  UK Treasury recruiting digital currency leader

  The UK government’s investigation into the merits of a central bank digital currency gathers pace at it looks for a team leader

• January 25, 2023 25 Jan'23

  Boards struggle to resolve cyber risk in digital supply chains

  Accelerated digitisation of supply chains is introducing more cyber risk for which many organisations seem unprepared, according to the BSI’s annual report on supply chain risk

• January 24, 2023 24 Jan'23

  UK insurers need to up their game on cyber gaps, says PRA

  Gaps and limitations in how insurers respond to cyber risk need to be addressed, according to the Bank of England regulator, the Prudential Regulation Authority

• January 24, 2023 24 Jan'23

  Nationwide Building Society CIO to join Co-operative Bank

  Gary Delooze to join Co-operative Bank as CIO after six years heading up Nationwide Building Society’s IT department

• January 24, 2023 24 Jan'23

  SSRF attacks hit 100,000 businesses globally since November

  There has been a dramatic increase in attacks exploiting the ProxyNotShell/OWASSRF exploit chains to target Microsoft Exchange servers

• January 24, 2023 24 Jan'23

  Fake online contest makes Yahoo! most phished brand of Q4 2022

  Yahoo! was the most frequently phished brand during the last three months of 2022, according to a report

• January 24, 2023 24 Jan'23

  SMEs keen on embedded finance, but more choice needed to increase take-up

  Suppliers to small and medium-sized enterprises need to offer more choice when embedding financial products in their services if take-up is to increase

• January 23, 2023 23 Jan'23

  More than 1,000 tech roles chopped at Capital One

  US bank makes tech job cuts as its digital transformation moves into a new phase

• January 19, 2023 19 Jan'23

  Fraudsters and cyber criminals stole more than £4bn in the UK through 2022

  The amount of money stolen by fraudsters and cybercriminals in the UK saw a huge increase in 2022

• January 17, 2023 17 Jan'23

  UK fintech payments unicorn cuts back as Covid-19 boost wears off

  Payments infrastructure firm Paddle downsizes as Covid-19-generated business boost runs out of steam

• January 17, 2023 17 Jan'23

  Crest throws support behind CyberUp CMA reform campaign

  Cyber accreditation association Crest International has lent its support to the CyberUp campaign for reform to the Computer Misuse Act of 1990

• January 17, 2023 17 Jan'23

  Fintech makes job cuts to workforce amid falling demand

  Peer-to-peer lender cuts 14% of its workforce amid a rise in interest rates limiting the popularity of lending services

• January 16, 2023 16 Jan'23

  Cash use rises for first time in 13 years as cost of living increases

  The number of cash withdrawals increased last year, for the first time in 13 years, but remains below the pre-Covid-19 figure

• January 12, 2023 12 Jan'23

  How Indian banks can drive automation in corporate banking

  Banks should prioritise their processes for automation based on the level of human intervention, understand their processes thoroughly and put employees at the centre of their automation efforts

• January 11, 2023 11 Jan'23

  SMEs eye moving business to challenger bank

  Known for their consumer banking success, challenger banks are now winning over hearts and minds in the small business sector

• January 11, 2023 11 Jan'23

  Microsoft fixes EoP zero-day on January Patch Tuesday

  On the first Patch Tuesday of 2023, Microsoft fixed an elevation of privilege vulnerability in Windows Advanced Local Procedure Call, which has been actively exploited in the wild and may be co-opted into ransomware campaigns

• January 11, 2023 11 Jan'23

  Davos 2023: Pervasive cyber crime and cyber security gaps pose severe risk to organisations

  Governments and organisations face tough trade-offs as they balance immediate problems caused by economic recession, energy shortages and rising interest rates with longer-term risks, including the impact of global warming

• January 10, 2023 10 Jan'23

  Latest Innovate Finance report reveals decrease in UK fintech investment, but like-for-like increase

  Innovate Finance’s latest figures on fintech investment show reduction in UK, but report methodology leaves this open to change

• January 10, 2023 10 Jan'23

  Insurer Beazley introduces catastrophe bond to ease cyber risk

  Insurance company Beazley says that its $45m cyber catastrophe bond will help to protect its balance sheet and enable it to offer more cyber insurance cover

• January 09, 2023 09 Jan'23

  JPMorgan ordered to face lawsuit over cyber attack on Ray-Ban maker

  US banking giant JPMorgan forced to respond to accusations that it failed to inform a business customer about suspicious transactions

• January 06, 2023 06 Jan'23

  Proposed digital fraud refund rules risk excluding many victims

  Proposals to establish a fraud refund mechanism in the UK risk excluding many victims of digitally enabled fraud, a major bank has warned

• January 05, 2023 05 Jan'23

  Cashless Denmark has no bank robberies in a year for first time

  Denmark saw no bank robberies in a single year for the first time ever, but online fraud continues to increase

• January 05, 2023 05 Jan'23

  How technology is fuelling CommBank’s customer experience

  The Commonwealth Bank of Australia has built up capabilities in cloud and microservices while empowering engineering teams to solve complex customer problems

• January 04, 2023 04 Jan'23

  Traditional banking under threat from platform-based alternatives

  Banking as a service embedded in non-banking business offerings will take large chunks from traditional banks

• January 04, 2023 04 Jan'23

  Diversity and inclusion figures high in New Year Honours List 2023

  The New Year Honours List 2023 hailed those in the technology community who promote diversity and inclusion

• December 29, 2022 29 Dec'22

  Top 10 Nordic IT stories of 2022

  Here are Computer Weekly's top 10 Nordic IT articles of 2022

• December 23, 2022 23 Dec'22

  Top 10 financial services IT stories of 2022

  Here are Computer Weekly’s top 10 financial services IT articles of 2022, looking back at the moves and changes over the past year

• December 22, 2022 22 Dec'22

  Top 10 cyber security stories of 2022

  The war in Ukraine loomed large over the cyber security news agenda, but 2022 also saw growing awareness of open source security, discussion around cyber insurance, and more besides

• December 22, 2022 22 Dec'22

  Top 10 cyber crime stories of 2022

  Cyber crime continued to hit the headlines in 2022, with impactful cyber attacks abounding, digitally enabled fraud ever more widespread and plenty of ransomware incidents

• December 20, 2022 20 Dec'22

  Four-day working week set to stay at Atom bank

  Challenger bank Atom has formalised a four-day working week policy after a successful trial

• December 20, 2022 20 Dec'22

  TSB hit with huge fine after IT migration disaster

  TSB has been fined nearly £50m due to failings during its IT migration catastrophe

• December 14, 2022 14 Dec'22

  Ethical hackers flex their muscles in 2022

  Ethical hackers working through HackerOne programmes found 21% more vulnerabilities in 2022 than in 2021

• December 14, 2022 14 Dec'22

  Microsoft and London Stock Exchange agree £2.3bn 10-year cloud deal

  The London Stock Exchange is building on its acquisition of financial data provider Refinitiv through a deal with Microsoft

• December 14, 2022 14 Dec'22

  Microsoft fixes two zero-days in final Patch Tuesday of 2022

  December’s Patch Tuesday is typically a light month for Microsoft, and this year proved no exception, but there are still several critical issues worth addressing, and two zero-days for defenders to pore over

• December 13, 2022 13 Dec'22

  EU issues draft data adequacy decision in favour of US

  The European Commission has concluded that the United States does ensure an adequate level of protection for personal data transferred from the European Union and will now launch the process towards the adoption of an adequacy decision