News

IT for financial services

• May 11, 2022 11 May'22

  Cyber accreditation body Crest forges new training partnerships

  Crest says partnerships with Hack The Box and Immersive Labs will enhance its members’ defensive and offensive security skills

• May 11, 2022 11 May'22

  Nationwide stops thousands more attempted frauds with Strong Customer Authentication

  Nationwide Building Society is blocking an additional 2000 attempted online shopping frauds a month through extra checks

• May 11, 2022 11 May'22

  Microsoft fixes three zero-days on May Patch Tuesday

  It’s the second-to-last Patch Tuesday as we know it, and Microsoft has fixed a total of 75 bugs, including three zero-days

• May 10, 2022 10 May'22

  CyberUK 22: Cyber leaders affirm UK’s whole-of-society strategy

  On the opening day of CyberUK 2022, GCHQ director Jeremy Fleming and NCSC CEO Lindy Cameron have spoken of their commitment to the government’s ambition for a whole-of-society cyber strategy

• May 10, 2022 10 May'22

  CyberUK 22: NCSC refreshes cloud security guidance

  The National Cyber Security Centre is revising its cloud guidance as increasing uptake of potentially vulnerable cloud services puts more organisations at risk of compromise

• May 10, 2022 10 May'22

  European retailers see embedded finance as a revenue builder

  Retailers and e-commerce businesses are working with tech suppliers to embed financial products and services in their customer offerings

• April 28, 2022 28 Apr'22

  Ransomware recovery costs dwarf actual ransoms

  The cost of recovering from a ransomware attack far outweighs the ransoms now being demanded by cyber criminals, according to recent data

• April 28, 2022 28 Apr'22

  Manufacturer sues JPMorgan after cyber criminals stole $272m

  Manufacturer files lawsuit alleging that US bank failed to inform it of suspicious transaction activity

• April 27, 2022 27 Apr'22

  Log4Shell, ProxyLogon, ProxyShell among most exploited bugs of 2021

  These 15 CVEs were the most commonly exploited last year, and if you haven’t mitigated against them, now is the time

• April 27, 2022 27 Apr'22

  Ransomware victims paying out when they don’t need to

  Sophos’s annual State of Ransomware report shows dramatic increases in the impact of ransomware attacks, but also finds many organisations are paying ransoms when they don’t need to

• April 27, 2022 27 Apr'22

  Government digital ignorance puts Dutch economy at risk

  In this interview, Michiel Steltman, managing director of Digital Infrastructure Netherlands, tells Computer Weekly why the Dutch digital economy is at risk due to a lack of knowledge and understanding at government level

• April 26, 2022 26 Apr'22

  BCS passes defiant Ukrainian tech industry message to its members

  BCS, the Chartered Institute for IT, has passed on a message from Ukrainian IT suppliers that the country is open for, and in need of, business

• April 26, 2022 26 Apr'22

  Emotet tests new tricks to thwart enhanced security

  The operators of the Emotet botnet seem to be trying to find a way to get around recent changes made by Microsoft to better protect its users

• April 26, 2022 26 Apr'22

  Danish researcher explains zero-knowledge proofs and post-quantum encryption

  A graduate from the University of Aarhus, a Danish researcher is now a leading player in some of the most important issues in cyber security

• April 26, 2022 26 Apr'22

  Global digital wallet transactions set to soar

  Payments using mobile phones are set to soar globally as suppliers expand the services available, according to research

• April 22, 2022 22 Apr'22

  Finance regulator identifies challenger bank financial crime weaknesses

  Financial Conduct Authority review finds challenger banks need to do more to prevent their platforms being used to commit financial crime, such as money laundering

• April 21, 2022 21 Apr'22

  Tech to account for over half of regulatory compliance spending

  By 2026, regtech will account for more than half of the money that businesses spend on compliance with regulations

• April 20, 2022 20 Apr'22

  One-third of scams that hit TSB are impersonation fraud

  TSB reports an increase in fraudsters impersonating trusted organisations to trick consumers into making payments to them

• April 20, 2022 20 Apr'22

  Nationwide Building Society streamlines payment dispute process through software

  Building society has speeded up the resolution of customer disputes over Visa payments by using Pegasystems software

• April 20, 2022 20 Apr'22

  Financial Ombudsman Service chooses TCS as digital transformation partner

  Tata Consultancy Services will build and implement key systems as part the Financial Ombudsman Service’s digital transformation

• April 13, 2022 13 Apr'22

  WatchGuard firewall users urged to patch Cyclops Blink vulnerability

  The US authorities have seen fit to add the WatchGuard vulnerability used by Sandworm to build the Cyclops Blink botnet to its list of must-patch vulnerabilities

• April 13, 2022 13 Apr'22

  Microsoft patches two zero-days, 10 critical bugs

  Patch Tuesday is here once again. This month, security teams must fix two privilege escalation zero-days in the Windows Common Log File System Driver and the Windows User Profile Service

• April 11, 2022 11 Apr'22

  Mastercard opens European tech hub in Dublin

  Mastercard is doubling its technology workforce in Dublin through a new European tech hub in the Irish capital

• April 07, 2022 07 Apr'22

  Banks should be able to integrate e-krona into existing systems, says Swedish regulator

  Swedish financial services regulator says banks and service providers should be able to integrate a potential digital currency into existing systems

• April 07, 2022 07 Apr'22

  European IT and BPO outsourcing off to strong start

  European IT and business process outsourcing services continue to increase rapidly, with cloud-based services now more than half of the total

• April 05, 2022 05 Apr'22

  Triple-threat Borat malware no joke for victims

  Unlike its namesake, the newly discovered Borat malware won’t raise a smile for IT security pros

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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