News

IT for financial services

• September 20, 2022 20 Sep'22

  Thousands of customers affected in Revolut data breach

  Digital challenger bank has warned its customers to be vigilant after their data was exposed in a cyber attack

• September 15, 2022 15 Sep'22

  Organisations failing to account for digital trust

  The vast majority of businesses are well aware of the importance of digital trust, yet very few have a dedicated staff role responsible for it, report finds

• September 14, 2022 14 Sep'22

  Ex-CISA head Krebs: Disrupt ransomware support networks to win the war

  Speaking at an event hosted by data protection specialist Rubrik, former CISA director Chris Krebs calls for the security community to work collectively to kick out the supports from under ransomware gangs

• September 14, 2022 14 Sep'22

  US to see huge increase in embedded finance transactions

  Retailers and other non-financial businesses are increasingly offering their customers financial services, such as credit and payment options

• September 14, 2022 14 Sep'22

  DDoS attacks on UK financial sector surged during Ukraine war

  A quarter of cyber security incidents reported to the Financial Conduct Authority in the first six months of 2022 involved DDoS, with a likely link to events in Ukraine

• September 13, 2022 13 Sep'22

  JP Morgan acquires fintech for payments modernisation

  JP Morgan acquires cloud-native payments technology as it modernises its IT infrastructure

• September 13, 2022 13 Sep'22

  Investment in UK fintech sees fall amid global turmoil

  Investment in fintech drops, but because figures are distorted by last year’s records, it’s not as bad as it looks, says KPMG

• September 12, 2022 12 Sep'22

  Mistakenly transferred $504m to be returned to Citigroup

  Judge rules that creditors should return $504m that was accidentally transferred to them by Citigroup

• September 12, 2022 12 Sep'22

  CISOs should spend on critical apps, cloud, zero-trust, in 2023

  Faced with a global recession next year, security buyers should try to direct investment towards technology that protects customer-facing and revenue-generating workloads, say analysts

• September 12, 2022 12 Sep'22

  Lloyd’s of London is digitally transforming through the front door

  Centuries-old financial services organisation is transforming its complex IT infrastructure through digital data

• September 05, 2022 05 Sep'22

  UK payments upgrade to add more than £3bn to GDP, but much more on offer

  UK GDP will increase when its ageing payments infrastructure is replaced with the latest technology to enable real-time payments

• September 05, 2022 05 Sep'22

  Huge leap to contactless payments in past three years

  Covid-19 pushes the use of contactless payments for face-to-face transactions to 90% of total

• September 02, 2022 02 Sep'22

  Interview: Sibstar, the fintech app for dementia sufferers

  Creator of app and debit card designed to support people living with dementia tells Computer Weekly how the idea developed

• September 02, 2022 02 Sep'22

  BBVA to add 2,000 software engineers to workforce this year

  Spanish bank BBVA is boosting its IT department while its traditional workforce reduces amid digital transformation

• August 30, 2022 30 Aug'22

  IAM house Okta confirms 0ktapus/Scatter Swine attack

  Following last week’s disclosureby Group-IB researchers of a major phishing campaign, Okta has warned its customers to be on their guard

• August 26, 2022 26 Aug'22

  Making her mark in financial technology

  Archana Manjunatha’s career in financial technology took her to the trading floors in India, where she learned the ropes of futures and options trading and the back offices of some of the world’s largest banks

• August 25, 2022 25 Aug'22

  Adaptive RedAlert, Monster ransomwares go cross-platform

  Kaspersky researchers have shared new intelligence on two emergent cyber criminal groups that have adapted their ransomwares to target different operating systems at the same time

• August 25, 2022 25 Aug'22

  Security pros fret about stress and promotion over cyber attacks

  CIISec’s annual report on the state of the security profession reveals some home truths for security leaders

• August 25, 2022 25 Aug'22

  LockBit 3.0 cements dominance of ransomware ecosystem

  Ransomware attacks were up 47% in July compared with the previous month, according to the latest threat data from NCC Group, with the LockBit family largely to blame

• August 24, 2022 24 Aug'22

  Most CISOs think they’ve been attacked by a nation state

  Most organisations have made changes to their cyber strategies and policies following Russia’s invasion, and almost two-thirds suspect they have been directly targeted or impacted by a nation-state cyber attack

• August 22, 2022 22 Aug'22

  Kaspersky threat data added to Microsoft Sentinel service

  Microsoft and Kaspersky have agreed a collaboration to integrate Kaspersky’s threat data feeds into Microsoft’s cloud-native SIEM/SOAR service

• August 22, 2022 22 Aug'22

  Lloyd’s to end insurance coverage for state cyber attacks

  Lloyd’s of London has instructed its members to exclude nation state cyber attacks from insurance policies beginning in 2023, saying they pose unacceptable levels of risk

• August 19, 2022 19 Aug'22

  Cozy Bear targets MS 365 environments with new tactics

  Cozy Bear, or APT29, is trying out new tricks as it seeks access to its targets’ Microsoft 365 environments

• August 18, 2022 18 Aug'22

  Growing MFA use spurs ‘pass-the-cookie’ attacks

  The exploitation of stolen session cookies by cyber criminals is once again back on the agenda, thanks to the growing popularity of multifactor authentication tools

• August 18, 2022 18 Aug'22

  It takes a breach to force boards to take notice of cyber, says UK government

  Too often, it takes a major incident for business leadership to pay attention to cyber issues, according to a government-commissioned study of victims

• August 18, 2022 18 Aug'22

  Contactless accounted for one-third of all payments made in the UK in 2021, research shows

  Latest data from finance industry body reveals how the payments market is bouncing back after the pandemic

• August 16, 2022 16 Aug'22

  Why organisations need to harmonise their CIO and CISO roles

  Unless properly managed, conflicting responsibilities between the chief information officer and the chief information security officer can cause project delays and budget overruns, says Netskope’s Mike Anderson

• August 10, 2022 10 Aug'22

  Increase in UK startups scaling to exit, but half still struggle

  Despite more startups scaling to the point of exit than ever before, half are still stuck in low growth stages – particularly those working with emerging technologies

• August 10, 2022 10 Aug'22

  Microsoft fixes two-year-old MSDT vulnerability in August update

  August’s Patch Tuesday drop fixes more than 120 CVEs, including another MSDT RCE zero-day that is being actively exploited.

• August 10, 2022 10 Aug'22

  ‘Coopetition’ a growing trend among ransomware gangs

  Sophos shares data from its new X-Ops unit at Black Hat in Las Vegas, revealing a growing number of ransomware victims being attacked by multiple gangs at the same time

• August 04, 2022 04 Aug'22

  UK has biggest card fraud problem in Europe

  Social Market Foundation calls on the UK to get a grip on its huge problem with bank card fraud in Europe

• August 04, 2022 04 Aug'22

  Financial services regulator opens digital delivery centre in Leeds

  The Financial Conduct Authority is increasing the number of tech experts in its workforce through a new digital delivery centre in Leeds

• August 04, 2022 04 Aug'22

  Spyware activity particularly impactful in July

  After a quiet June, vulnerability exploitation ramped up in July, with intrusions linked to spyware seeing unusually high volumes of activity, according to a report

• August 04, 2022 04 Aug'22

  Financial Ombudsman Service mining for gold in cloud HR and finance

  The Financial Ombudsman Service is reaping the benefits of the cloud-based human resources and finance system it implemented last year

• August 03, 2022 03 Aug'22

  More than 60% of world population will use digital wallets by 2026

  Global take-up of digital wallets will accelerate over the next four years, driven by ‘super apps’ and QR code-based payments

• July 29, 2022 29 Jul'22

  Austrian data firm accused of selling malware, conducting cyber attacks

  Microsoft has accused DSIRF, an Austrian data services firm, of involvement in a string of cyber attacks

• July 28, 2022 28 Jul'22

  Cyber criminals pivot away from macros as Microsoft changes bite

  As Microsoft resumes blocking macros by default in its Office application suite, reversing a temporary reversal, analysis from Proofpoint suggests the action has had a remarkable effect

• July 28, 2022 28 Jul'22

  Teams in Grenoble work on 6G breakthrough technology

  Even as 5G networks are being rolled out, new requirements are driving scientists, and engineers in Europe are back to the lab to start developing 6G

• July 27, 2022 27 Jul'22

  Consumers left out of pocket as security costs soar

  As the average cost of a security incident reaches an all-time high of nearly $4.5m, an IBM Security study reveals how these costs are being passed on to ordinary people

• July 27, 2022 27 Jul'22

  Cyber security training ‘boring’ and largely ignored

  Two-thirds of employees don’t bother to pay attention to cyber security training – and the fault does not lie with them

• July 26, 2022 26 Jul'22

  No More Ransom initiative helps 1.5 million people in six years

  One and a half million people have now taken advantage of free ransomware decryption tools offered by a joint European project

• July 26, 2022 26 Jul'22

  Ducktail infostealer targets Facebook Business users

  Newly uncovered Ducktail operation targets individuals with access to Facebook Business service and tries to steal their accounts

• July 25, 2022 25 Jul'22

  Latest Atlassian Confluence vulnerability raises concerns

  CVE-2022-26138 is the second major vulnerability disclosure made for Atlassian’s Confluence collaboration platform in recent months

• July 25, 2022 25 Jul'22

  The Security Interviews: Why you need to protect abandoned digital assets

  The war in Ukraine and subsequent boycott of Russia resulted in a swathe of digital infrastructure being abandoned, becoming a potential vulnerability for many organisations, says Cyberpion’s Ran Nahmias

• July 22, 2022 22 Jul'22

  Russia could become the world’s largest market for illegal IT

  Russia could become the biggest market for illegal IT equipment as companies try to get round sanctions imposed on the country

• July 21, 2022 21 Jul'22

  Buy ‘plug-n-play’ malware for the price of a pint of beer

  Three-quarters of malwares and almost 90% of exploits retail on the dark web for about £8.40 or less, according to a report

• July 20, 2022 20 Jul'22

  (ISC)² expands entry-level cyber programme after UK success

  Flush with success from a UK certification programme, reaching 100k in the UK, (ISC)² now wants to provide free security certification to a million people worldwide

• July 20, 2022 20 Jul'22

  Transatlantic PET contest open for entries

  A joint UK-US innovation prize challenge for developers of privacy-enhancing technologies has opened for entries

• July 20, 2022 20 Jul'22

  Cato aims to bust cyber myths as it extends network protections

  Cato Networks is beefing up its platform’s security features with ransomware and data loss protections, and the firm’s security strategy lead Etay Maor is using the occasion – and his unique access to billions of data points from the firm’s network ...

• July 20, 2022 20 Jul'22

  Starling Bank withdraws application for licence in Ireland

  App-based bank decides against completing its application for a banking licence in Ireland after concluding it did not offer enough value