News
IT for financial services
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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
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February 16, 2022
16
Feb'22
2021 another record year for UK cyber investment
Total revenue generated by the UK’s cyber sector was up 14% last year, and UK-registered security firms raised over £1bn in investment
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February 16, 2022
16
Feb'22
DDoS attacks hit Ukrainian defence ministry and banks
A further wave of cyber attacks has taken place against targets in Ukraine amid heightened tension in the region
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February 16, 2022
16
Feb'22
Nordic countries lack a unified approach to AI
Nordic countries need to work together on a pan-regional artificial intelligence strategy
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February 15, 2022
15
Feb'22
UK finance regulator effects changes to ‘buy now, pay later’ contract terms
BNPL finance providers have agreed to make their contracts with consumers fairer, amid concerns
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February 15, 2022
15
Feb'22
NatWest group shutters 32 more branches as digital shift continues
Banking group announces more branch closures as part of its digital transformation, but promises that no customers will be left behind
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February 15, 2022
15
Feb'22
China emerges as leader in vulnerability exploitation
Threat actors linked to China are emerging as a significant force in the weaponisation of newly discovered CVEs
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February 11, 2022
11
Feb'22
Why security professionals should pay attention to what Russia is doing
Even though the average organisation is an unlikely target for a Russian state cyber attack, here's why security teams still need to watch what Russian threat groups are up to
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February 10, 2022
10
Feb'22
IR35 reforms: HMRC slammed for ‘over-collecting tax’ from non-compliant public sector bodies
HMRC has moved to play down claims it is collecting more tax than it is due when tackling non-compliance with the IR35 reforms in the public sector
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February 10, 2022
10
Feb'22
UK second in money laundering hall of shame
Banks need to step up their anti-money laundering processes if billions of pounds’ worth of criminal activity is to be prevented
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February 09, 2022
09
Feb'22
Linux-based clouds an open door for attackers, says VMware
Its prevalence as a cloud operating system means Linux is becoming a meal ticket for malicious actors, but the security industry does not seem to have cottoned on to this yet, says VMware
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February 09, 2022
09
Feb'22
Ransomware ever more sophisticated and impactful, warns NCSC
UK’s National Cyber Security Centre teams up with US and Australian partners in a joint advisory warning organisations of the increasing sophistication exhibited by criminal ransomware gangs
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February 09, 2022
09
Feb'22
Microsoft stomps on 48 bugs in February Patch Tuesday update
It’s a light Patch Tuesday for February 2022, as Microsoft issues fixes for just 48 CVEs, including a solitary zero-day
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February 08, 2022
08
Feb'22
Microsoft to start blocking macros to thwart malware
Microsoft is making changes to web macro permissions across multiple Office apps to help improve user security
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February 08, 2022
08
Feb'22
The Security Interviews: Building the UK’s future cyber ecosystem
As the government lays out the next iteration of its Cyber Security Strategy, we speak to Plexal and Lorca’s Saj Huq about his work building a cyber ecosystem to support the UK’s future ambitions
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February 08, 2022
08
Feb'22
UK fintech investment sees sevenfold increase in a year
UK fintech investment rose from $5.2bn in 2020 to $37.3bn in 2021, with 603 private equity, venture capital and merger and acquisition deals
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February 03, 2022
03
Feb'22
UAE chooses Accenture to develop national payments platform
Consortium led by Accenture to build new payments infrastructure in the United Arab Emirates
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February 02, 2022
02
Feb'22
Zero-trust to soar in 2022, but dogged by implementation challenges
IT leaders are keen to invest in zero-trust, but face issues around a lack of expertise, and selling the concept into the C-suite
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February 02, 2022
02
Feb'22
Nationwide Building Society streamlines digital onboarding through API
Building society is improving its digital onboarding process through application programming interface-based technology from a US startup
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February 02, 2022
02
Feb'22
MPs call on government to ‘push harder’ and ‘act faster’ amid online fraud epidemic
MPs on the Treasury Committee want the government to act quickly to reduce the amount of money being stolen through online fraud
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February 02, 2022
02
Feb'22
Saudi Arabia to invest billions of dollars in technology and startups
Saudi Arabia announces $6.4bn investment in its tech sector as part of plans to diversify its economy
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February 01, 2022
01
Feb'22
Check Point buys Spectral to safeguard cloud development
Check Point’s latest acquisition of Israel-based startup Spectral expands its developer-centric security toolset
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February 01, 2022
01
Feb'22
Over one-fifth of ransomware attacks target financial sector
Newly published data reveals a significant uptick in cyber attacks against the financial services sector during the third quarter of 2021
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January 31, 2022
31
Jan'22
UK has record year for tech IPOs in 2021
Tech companies represented 29% of all UK initial public offerings last year, raising a record $6.6bn
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January 28, 2022
28
Jan'22
Cyber skills gap affecting data privacy practice, finds ISACA
Organisations are struggling to fill both legal and technical privacy roles, with potentially damaging consequences, according to a report
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January 27, 2022
27
Jan'22
CISOs must get out in front of Ukraine cyber crisis, says NCSC
The National Cyber Security Centre is urging UK organisations to take steps to bolster their cyber security resilience in response to the ongoing Ukraine crisis
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January 27, 2022
27
Jan'22
Novel phishing campaign highlights need for MFA, says Microsoft
Microsoft details a new multi-stage phishing campaign that only affects victims without multifactor authentication in place
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January 27, 2022
27
Jan'22
Barclaycard customers increase contactless spending following limit rise
Barclaycard customers have increased their contactless card spending by 40% with most of their card payments using the technology
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January 27, 2022
27
Jan'22
Nightmare Log4Shell scenario averted by prompt, professional action
Prompt and professional community response to the Log4Shell disclosure means the dangerous and widespread vulnerability has not been exploited to the extent many had feared
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January 27, 2022
27
Jan'22
Bank account switching accelerates as consumers choose digital services
Surge in UK consumers changing current account providers is a sign that digital banking services are eating into the traditional sector
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January 26, 2022
26
Jan'22
More intel emerges on WhisperGate malware that hit Ukraine
Security experts have been poring over the WhisperGate malware with which alleged Russia-backed entities targeted Ukrainian government websites
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January 26, 2022
26
Jan'22
PwnKit bug endangers Linux distributions worldwide
Qualys researchers share intel on a memory corruption vulnerability in a program installed by default on every major Linux distribution
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January 25, 2022
25
Jan'22
Prepare, but don’t panic, over supposed Russian cyber threat
A fresh alert from the US Department of Homeland Security may have IT security teams jumpy over the possibility that their organisations could be targeted by Russian state actors
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January 20, 2022
20
Jan'22
MoonBounce firmware bootkit shows advances in malicious implants
MoonBounce firmware bootkit shows evident technical improvements over others, making it a more dangerous threat to organisations. It is being used by Chinese state-backed actors
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January 20, 2022
20
Jan'22
Advantages of traditional banks are weakening amid digital challenge, says FCA
Weakening of the advantages enjoyed by traditional banks over the years is “driven by digital innovation and changing consumer behaviour”, says regulator
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January 20, 2022
20
Jan'22
Zopa Bank hits £1bn deposits in just 18 months
Bank has seen rapid growth since its launch and has set ambitious targets for the next 12 months
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January 19, 2022
19
Jan'22
Danish digitisation partnership delivers plan to government
Public-private collaboration submits plan setting out “how Denmark can take advantage of the opportunities presented by digitisation moving forward into the future”
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January 19, 2022
19
Jan'22
Twelve million jobs to be lost to automation in Europe by 2040
Millions of current jobs in Europe will be carried out by robots as software robots automate processes
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January 18, 2022
18
Jan'22
Nordic fintech to use Google-inspired core banking from Thought Machine
Nordic fintech Lunar is modernising its banking platform as it sets out to expand free of the limitations of its current systems
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January 18, 2022
18
Jan'22
Amazon puts UK Visa ban on hold
Online retail giant Amazon continues to allow UK Visa credit card payments as negotiations over fees with the card provider continue
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January 14, 2022
14
Jan'22
Microsoft veteran turns her attention to levelling up IT industry for women
Diversity goes beyond balancing the internal workforce and should include working with partners that also have diversity as a core objective, says Gavriella Schuster