News

IT for financial services

• 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

• December 13, 2022 13 Dec'22

  The nature of the CISO role will be in flux in 2023

  As cyber risk outpaces organisational defences, and cyber attacks and breaches cause more and more damage, the nature of the CISO role is entering a state of flux, according to a report

• December 09, 2022 09 Dec'22

  Iranian APT seen exploiting GitHub repository as C2 mechanism

  A subgroup of the Iran-linked Cobalt Mirage APT group has been caught taking advantage of the GitHub open source project as a means to operate its latest custom malware

• December 09, 2022 09 Dec'22

  Digital bank to recruit 1,000 tech experts in Manchester

  App-based bank Starling is adding 1,000 people to its workforce with technology professionals being recruited for its new operation in Manchester

• December 08, 2022 08 Dec'22

  Consumers to get new protections against dodgy apps

  Government’s new code of practice will impose new privacy and security measures on app store operators and developers

• December 08, 2022 08 Dec'22

  Apple to tap third party for physical security keys

  Apple is launching a number of new security protections, including the addition of third-party-provided hardware security keys

• December 07, 2022 07 Dec'22

  Deutsche Bank powers new banking apps with Nvidia AI acceleration

  The bank is looking at how AI acceleration can process financial texts, accelerate risk analysis and support its plans for the metaverse

• December 06, 2022 06 Dec'22

  Don’t become an unwitting tool in Russia’s cyber war

  Researchers have turned up evidence that enterprise networks are being co-opted by Russian threat actors to launch attacks against targets in Ukraine. How can you avoid becoming an unwitting tool in a state-backed attack?

• December 05, 2022 05 Dec'22

  Fake investment ads persist on Meta’s social networks

  Online adverts for investment scams relating to property and crypto assets are still getting past measures designed to stop them

• December 02, 2022 02 Dec'22

  Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told

  The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears

• November 30, 2022 30 Nov'22

  Latest LockBit ransomware versions have wormable capabilities

  Sophos researchers have reverse-engineered the Lockbit 3.0 ransomware, shedding new light on its evolving capabilities and firming up links with BlackMatter

• November 28, 2022 28 Nov'22

  CIO interview: David Charnley, head of transformation and strategy, NatWest Group

  Data is at the heart of the banking giant’s push to improve customer experience – and to enhance its environmental credentials

• November 25, 2022 25 Nov'22

  Data management, backup becoming the CISO's responsibility

  More and more CISOs are taking on responsibility for wider data management strategies, and this trend looks set to grow next year

• November 23, 2022 23 Nov'22

  UK police arrest 120 in largest-ever cyber fraud crackdown

  The administrator and more than 100 users of the iSpoof.cc cyber fraud website have been arrested in a major counter-fraud operation led by the Metropolitan Police

• November 23, 2022 23 Nov'22

  South Korea data adequacy pact brings £15m Brexit bonus

  UK government finalises a data adequacy agreement with South Korea, saying it will unlock a post-Brexit business bonus of just under £15m

• November 22, 2022 22 Nov'22

  Ducktail spins new tales to hijack Facebook Business accounts

  The increasingly active Ducktail cyber crime operation is refining its operations, seeking new methods to compromise its victims’ Facebook Business accounts

• November 22, 2022 22 Nov'22

  Killnet DDoS hacktivists target Royal Family and others

  Russia-aligned hacktivists targeted multiple UK websites, including those of the Royal Family, in a new campaign of DDoS attacks

• November 22, 2022 22 Nov'22

  C-suite mystified by cyber security jargon

  Malware, supply chain attack, zero-day, IoC, TTP and Mitre ATT&CK are just some of the everyday terms that security pros use that risk making the world of cyber incomprehensible to outsiders

• November 18, 2022 18 Nov'22

  Is Elon Musk’s Twitter safe, and should you stop using it?

  With a litany of security and compliance issues exposed and in many cases caused by Elon Musk’s takeover of social media platform Twitter, some may be asking if it’s still safe or appropriate to use

• November 17, 2022 17 Nov'22

  Brexit deregulation will make UK next Silicon Valley, vows Hunt

  Chancellor vows to revolutionise how the IT industry is regulated to spur competition, investment and innovation in a technological ‘Big Bang’

• November 17, 2022 17 Nov'22

  Another Log4Shell warning after Iranian attack on US government

  The breach of a US federal body by an Iranian threat actor exploiting the Adobe Log4j Log4Shell vulnerability has prompted a fresh flurry of patching

• November 16, 2022 16 Nov'22

  Global network fragmentation a source of increasing risk

  Risk consultancy’s report says the weaponisation of cyber space and geopolitical clashes herald a breakdown of global networks into distinct regional or national architectures

• November 15, 2022 15 Nov'22

  TikTok influencers are better than finance firms for money advice, say quarter of young adults

  Young people are turning to TikTok-based influencers for advice on how to manage their finances and where to bank

• November 15, 2022 15 Nov'22

  APP fraud volumes expected to double by 2026, says report

  Losses to authorised push payment fraud in the UK are expected to climb to over $1.5bn in the next four years. Meanwhile, the NAO accuses the Home Office of lagging on progress to tackle the issue

• November 14, 2022 14 Nov'22

  CaixaBank robot answers the most customer questions

  AI-based virtual assistant at Spanish bank is now used by over four million customers