News

IT for financial services

• 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

• November 11, 2022 11 Nov'22

  Volume of self-reported breaches to ICO jumps 30%

  The number of self-reported breaches to the UK’s Information Commissioner’s Office soared by nearly 30% in the 12 months to 30 June 2022

• November 09, 2022 09 Nov'22

  Microsoft serves smorgasbord of six zero-days

  November’s Patch Tuesday fixes significantly fewer vulnerabilities of late, but includes six actively-exploited zero-days, three of them of critical severity

• November 04, 2022 04 Nov'22

  Microsoft: Nation-state cyber attacks became increasingly destructive in 2022

  The willingness of nation-state actors to conduct destructive cyber attacks is a source of grave concern, as Microsoft’s latest annual Digital Defence Report lays bare

• November 03, 2022 03 Nov'22

  Microsoft pledges $100m in new IT support for Ukraine

  Microsoft will continue to offer free-of-charge technology support to Ukraine for the foreseeable future

• November 01, 2022 01 Nov'22

  A third of UK cyber leaders want to quit, report says

  Nearly a third of UK security leaders are considering leaving their current role, and more than half are struggling to keep on top of their workload

• October 31, 2022 31 Oct'22

  Prepare today for potentially high-impact OpenSSL bug

  OpenSSL trailed a critical vulnerability patch last week, which will be only the second such flaw ever found in the open source encryption project. Unfortunately, the first was Heartbleed

• October 27, 2022 27 Oct'22

  LinkedIn adds new features to safeguard user privacy, security

  Social media platform is adding a number of features and systems designed to protect legitimate users from inauthentic profiles and activity

• October 27, 2022 27 Oct'22

  Santander calls for cooperation to tackle APP fraud

  New report puts forward key recommendations that the banking sector, government and other industries could take to tackle authorised push payment fraud

• October 25, 2022 25 Oct'22

  Apple patches new iPhone zero-day

  Apple’s latest patch fixes yet another zero-day, as security issues keep surfacing in its mobile products

• October 25, 2022 25 Oct'22

  UK finance regulator investigates big tech finance threats and benefits

  The UK financial services regulator is gathering information about the benefits and targets of big tech firms offering financial services

• October 25, 2022 25 Oct'22

  Digital-first businesses more willing to accept some fraud

  Companies founded in the past 20 years appear more willing to accept higher levels of fraudulent activity during the customer onboarding process, according to a report

• October 24, 2022 24 Oct'22

  Half of staff might quit after a cyber attack, report says

  Findings from a survey of CISOs, IT leaders and staffers reveal how experiencing a cyber incident may take a larger-than-thought toll on employee retention

• October 21, 2022 21 Oct'22

  HSBC chooses Oracle Exadata Cloud@Customer service to underpin digital

  Bank selects Oracle’s Cloud@Customer service to upgrade and migrate some of its database systems as part of its digital transformation

• October 21, 2022 21 Oct'22

  Ukrainian and UK IT sectors to deepen collaboration, partnerships

  BCS, the Chartered Institute for IT, and the IT Ukraine Association have signed an MoU to deepen collaboration between the UK and Ukrainian IT sectors, and champion new partnerships and growth opportunities

• October 20, 2022 20 Oct'22

  Cyber professional shortfall hits 3.4 million

  Shortage of cyber security professionals continues to grow and shows no signs of abating, says report

• October 20, 2022 20 Oct'22

  NatWest data breach whistleblower demands bank pay data controller fee to ICO

  Whistleblower calls for NatWest to pay the Information Commissioner’s Office annual data controller fee, as the personal details of 1,600 current and former NatWest customers remain under her bed

• October 19, 2022 19 Oct'22

  Lloyds Bank launches innovation sandbox

  Banking group establishes a sandbox where fintechs can build and test applications for Lloyds

• October 19, 2022 19 Oct'22

  Treat cyber crime as a ‘strategic threat’, UK businesses told

  The government’s new National Cyber Advisory Board aims to help elevate cyber discussion and spur action in the business community

• October 14, 2022 14 Oct'22

  Office 365 email encryption flaw could pose risk to user privacy

  A vulnerability in Microsoft Office 365 Message Encryption could leave the contents of emails dangerously exposed, but with no fix coming it’s up to users to decide how at risk they are

• October 12, 2022 12 Oct'22

  Finance regulator cracks down on use of messaging apps

  The Financial Conduct Authority is taking a closer look at how staff at banks are using WhatsApp in work

• October 12, 2022 12 Oct'22

  NCSC urges organisations to secure supply chains

  NCSC’s latest guidance package centres supply chain security, helping medium to large organisations assess and mitigate cyber risks from suppliers

• October 12, 2022 12 Oct'22

  Santander and Google offer tech to help businesses smooth move to cloud

  Dual Run service from Google will be built on top of Santander technology known as Gravity

• October 06, 2022 06 Oct'22

  SMEs in Europe ready to invest in real-time payment capabilities

  Small and medium-sized enterprises are losing business because of the time it takes to receive payments, with many considering API-based services to address the problem

• October 06, 2022 06 Oct'22

  JPMorgan’s UK digital bank app outage locks customers out

  App-based Chase Bank suffered tech outage that left customers unable to access its services

• October 04, 2022 04 Oct'22

  Next phase of open banking already gathering pace

  Open banking has had a major impact on the banking industry as financial firms harness data to provide better services, but the next phase of open finance promises even more

• September 30, 2022 30 Sep'22

  Interview: Rachel Hilliam, chair, Alliance for Data Science Professionals

  Rachel Hilliam talks about the origins, mission and future plans for the Alliance for Data Science Professionals

• September 29, 2022 29 Sep'22

  Cost-of-living crisis could spur fintech adoption

  The cost-of-living crisis could have a similar impact on fintech and digital banking as the Covid-19 pandemic did, inducing further innovation in the fintech sector

• September 27, 2022 27 Sep'22

  Robo investment platform adopts open banking-based payments

  Nordic consumer investment fintech simplifies customer experience through open banking software from Mastercard-owned Aiia

• September 26, 2022 26 Sep'22

  Bank warns of spike in online cost-of-living scams

  Fraudsters are exploiting the cost-of-living crisis by tricking people into sending money to help friends and relatives pay bills, TSB has warned

• September 26, 2022 26 Sep'22

  FCSA calls for government clampdown on cloned umbrella companies

  One year has passed since the Freelancer and Contractor Services Association spoke out about the problem of umbrella company cloning, and it claims the authorities are not moving fast enough to tackle the issue

• September 23, 2022 23 Sep'22

  Copenhagen Fintech connects its members to the world

  Copenhagen-based startup initiative is driving fintech developments across the Nordic region, with Mastercard its latest global partner

• September 23, 2022 23 Sep'22

  IR35 reforms to be scrapped in public and private sectors from April 2023, government confirms

  The government has confirmed that the 2017 and 2021 roll-out of the IR35 reforms to the public and private sectors, respectively, will be repealed in April 2023

• September 23, 2022 23 Sep'22

  Mini-Budget 2022: HMRC tells firms to update payroll software ahead of November NI tax cut

  HMRC is urging employers to ensure their payroll software systems are updated now, before the reversal of the previous government’s National Insurance tax hike kicks in

• September 22, 2022 22 Sep'22

  American Express recruiting thousands of tech professionals

  Amex will add 5,000 IT professionals to its workforce in 2022 as digital products and services become the staple of the finance sector

• September 21, 2022 21 Sep'22

  European Central Bank working on prototypes of digital Euro interfaces

  European Central Bank’s digital Euro investigation phase is at the point of developing and testing systems that might interface with consumers