News
IT for financial services
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April 05, 2022
05
Apr'22
Zopa bank profitable after just 21 months
The bank that emerged from peer-to-peer lending pioneer has hit its first profit after 21 months of operation
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April 05, 2022
05
Apr'22
Saudi Arabian ICT sector hits $32.1bn after strong pandemic response
The Saudi Arabian IT and communications sector is recovering strongly from the Covid-19 pandemic
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April 04, 2022
04
Apr'22
Environmental campaigners halt Meta datacentre construction in the Netherlands
Datacentre being built to serve ‘metaverse’ worlds would consume nearly half as much energy as all other datacentres in the country
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April 01, 2022
01
Apr'22
Four moves to ‘checkmate’ critical assets thanks to lax cloud security
Malicious actors can compromise 94% of critical assets within four steps of the initial breach point, according to a report
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March 31, 2022
31
Mar'22
Bank fraud prevention scheme blocked £60m in fraud last year
Scheme to catch fraudsters, including online scammers, before they commit their crimes has reported a significant increase in crimes prevented
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March 30, 2022
30
Mar'22
Acquisition of UK fintech Azimo will address home-working challenges for enterprises
UK fintech acquired by Papaya Global is looking to improve cross-border employee payments
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March 30, 2022
30
Mar'22
Lax money laundering controls lands N26 with ban from Italian central bank
German digital bank N26 has had problems with anti-money laundering regulations in the past, and is now banned in Italy
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March 30, 2022
30
Mar'22
One-third of UK firms suffer a cyber attack every week
New statistics from the annual DCMS Cyber security breaches survey reveal the extent and frequency with which UK organisations are being attacked by malicious actors
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March 29, 2022
29
Mar'22
NCSC: Not necessarily wise to ditch Kaspersky
UK’s National Cyber Security Centre issues refreshed guidance on organisations’ usage of technology and services of Russian origin, but stops short of advising users to expunge all Russian products from their IT estates
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March 29, 2022
29
Mar'22
Wave of Log4j-linked attacks targeting VMware Horizon
Sophos issues a new warning to organisations that have so far failed to patch their VMware Horizon servers against Log4Shell
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March 29, 2022
29
Mar'22
FCA reports 52% jump in security incidents
The Financial Conduct Authority received 116 cyber incident reports in 2021, a fifth of them involving ransomware
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March 28, 2022
28
Mar'22
IT professionals wary of government campaign to limit end-to-end encryption
Members of the Chartered Institute of IT, the professional body for technology professionals in the UK, warn against limiting end-to-end encryption
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March 28, 2022
28
Mar'22
Most big businesses are taking up banking as a service
API-based banking services allow corporate customers to offer financial services without the need for heavy tech development or regulatory approval
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March 24, 2022
24
Mar'22
CW Innovation Awards: How WLTH is disrupting traditional banking
The fintech company built its own technology stack that delivers data analytics and other capabilities as it seeks to win market share from traditional banks
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March 23, 2022
23
Mar'22
Digital continues to deplete bank branch networks as Lloyds cuts 60 more
Lloyds Banking Group has stripped UK high streets of a further 60 branches as the take-up of digital banking continues
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March 23, 2022
23
Mar'22
Japan’s Mizuho partners Google to accelerate tech transformation after a year to forget
Following a year when it hit the tech headlines for the wrong reasons, Mizuho is on a mission to modernise IT in collaboration with Google
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March 22, 2022
22
Mar'22
Details of Conti ransomware affiliate released
Information about a new Conti affiliate has been released by eSentire and BreakPoint Lab after a joint investigation into the group’s indicators of compromise
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March 22, 2022
22
Mar'22
Competition watchdog contacts Barclays and Lloyds banks over API failures
Barclays and Lloyds banks have failed to meet some of the open banking rules, says competition watchdog
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March 18, 2022
18
Mar'22
Ukrainian cyber defences prove resilient
Thanks to a combination of prior experience and global support, Ukraine’s defences against cyber incidents are holding strong in the face of Russian attacks
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March 17, 2022
17
Mar'22
How multiphysics simulation might accelerate the advent of quantum computing – and vice versa
Sophisticated tools that simulate more than one physical phenomenon at a time may help designers home in on optimal architectures for quantum computers at less cost – and much faster
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March 17, 2022
17
Mar'22
Value of contactless transactions doubles in two years
Almost £166bn was spent in the UK last year using contactless technology, compared with £80.5bn in 2019
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March 16, 2022
16
Mar'22
Estonian anti-money laundering software pilot reaps benefits
Estonian startup and local banks have successfully piloted a data-sharing platform that prevents money laundering
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March 16, 2022
16
Mar'22
German authorities warn on Kaspersky but stop short of ban
Germany authorities warn Kaspersky users to consider alternatives to the firm’s flagship antivirus software, citing national security concerns and the war on Ukraine
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March 16, 2022
16
Mar'22
No end to UK bank branch closures as HSBC shuts 69 more
HSBC closes another 69 branches as customers continue to migrate to digital channels
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March 14, 2022
14
Mar'22
‘Technical issues’ leave Post Office branches with ATM cash discrepancies
Discrepancies of up to £2,000 reported after an ‘IT change’ impacted more than 200 Post Office branches
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March 14, 2022
14
Mar'22
BNP Paribas to recruit 1,000 more women in IT
Spanish bank sets target of adding 1,000 more female IT professionals to its workforce over the next two years
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March 10, 2022
10
Mar'22
Open banking’s next big thing could replace direct debits
Variable recurring payments could fuel the next stage of open banking take-up in the UK
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March 10, 2022
10
Mar'22
Tech brands sign on to HackerOne responsible security drive
Tech companies sign HackerOne’s new corporate security responsibility pledge to bring cyber out of the shadows and promote effective, secure development practices
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March 10, 2022
10
Mar'22
Government to force tech firms to stop fraudsters using their platforms for scams
Changes to legislation will make social media and search engine firms responsible for preventing fraudsters using their platforms to commit crimes
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March 09, 2022
09
Mar'22
China’s APT41 exploited Log4j within hours
APT41 compromised multiple government organisations via the Log4Shell exploit within hours of its initial disclosure, Mandiant claims
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March 09, 2022
09
Mar'22
Microsoft serves up three zero-days on March Patch Tuesday
Three zero-days pop up in Microsoft’s March update, along with a number of other noteworthy concerns for defenders
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March 03, 2022
03
Mar'22
Boardroom does not see ransomware as a priority
Less than a quarter of company directors think ransomware is a top priority for their security teams, according to Egress
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March 02, 2022
02
Mar'22
Gothenburg University makes breakthrough in energy efficient computers
Swedish and Japanese universities make advancement in the development of computers that can work as energy efficiently as a brain
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March 02, 2022
02
Mar'22
Middle East IT spending to recover to at least pre-pandemic levels
Middle East IT leaders expect budgets to increase this year, with spending to match or exceed pre-Covid levels
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March 01, 2022
01
Mar'22
Nationwide suffers payday payments outage
Nationwide customers were left unable to pay bills on payday as the building society suffered a software outage
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February 28, 2022
28
Feb'22
Ukraine cyber attacks seen spiking, but no destructive cyber war yet
While cyber attacks linked to Russia’s war on Ukraine are taking place, they are having little impact beyond the region
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February 24, 2022
24
Feb'22
KnowBe4 cyber drama tackles Colonial Pipeline in fourth season
KnowBe4’s ongoing cyber security training drama, The Inside Man, reaches its fourth season with a plot drawing inspiration from one of the most impactful cyber attacks of 2021
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February 24, 2022
24
Feb'22
Russia behind dangerous Cyclops Blink malware
Joint NCSC CISA advisory attributes a dangerous malware, dubbed Cyclops Blink, to Russia’s Sandworm APT, likely a GRU unit, with WatchGuard users at particular risk
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February 23, 2022
23
Feb'22
Microsoft extends Defender umbrella to Google Cloud Platform
Redmond says extending Defender for Cloud native capabilities to the Google Cloud Platform will help simplify security for organisations pursuing multicloud strategies by eliminating the gaps where the bad guys can get in
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February 23, 2022
23
Feb'22
Backups ‘no longer effective’ for stopping ransomware attacks
Traditional methods of mitigating ransomware are less efficacious thanks to the rise in double and triple extortion techniques
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February 23, 2022
23
Feb'22
No imminent cyber threat to UK from Russia
Intelligence officials say they have no evidence or indication that Russian cyber attackers are preparing offensive assaults on infrastructure or organisations in Britain
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February 23, 2022
23
Feb'22
Attempted burglary exposes risk of NatWest customer data in former worker’s home
Former Royal Bank of Scotland employee offers bank a compromise in her dispute over the return of confidential customer information
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February 22, 2022
22
Feb'22
UK organisations swift to chide phishing victims
While UK organisations are doing better at security training, many are quick to punish employees who fall victim to phishing attacks, whether real or simulated
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February 22, 2022
22
Feb'22
Sweden completes phase two of e-krona pilot
Sweden’s central bank is well into its second year of testing a new digital currency, but so far, no firm decision has been made by the government to adopt it
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February 21, 2022
21
Feb'22
UK joins US in pinning Ukraine DDoS attacks on Russia
A series of DDoS attacks on Ukrainian defence and banking organisations last week is now being firmly attributed to Russian action
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February 21, 2022
21
Feb'22
Open banking surpasses five million UK customers
Upwards of five million people in the UK are using open banking services as the financial sector’s fintech revolution gathers pace
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February 21, 2022
21
Feb'22
Amazon and Visa resolve UK credit card ban threat
Companies reach ‘broad, global agreement that includes the acceptance of Visa at all Amazon stores and sites’
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February 18, 2022
18
Feb'22
UK organisations untroubled by Trickbot surge
A surge in Trickbot infections is targeting some of the world’s most prominent brands, but UK organisations seem thankfully unaffected
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February 18, 2022
18
Feb'22
CIO interview: Adam Miller, group head of IT, Markerstudy Group
The insurer and Auto Windscreens owner is using cloud-based virtual desktops to ease acquisitions and support home working during the pandemic – and its IT chief has a growing range of projects on the go
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February 18, 2022
18
Feb'22
The British people are waking up to the scandal that happened under their noses
Victims of the Post Office Horizon scandal have been suffering in silence for many years, but the current public inquiry is giving them a voice, and people are listening