News

IT for financial services

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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

• 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”

• 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

• 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

• 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

• 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

• January 13, 2022 13 Jan'22

  Ikano Bank’s team of robots exceeds 2021 targets

  How the Swedish bank’s robotic automation project reached its time-saving target with time to spare, automating 168 processes, creating an in-house RPA team and embedding automation in every department’s thinking

• January 12, 2022 12 Jan'22

  Microsoft fixes six zero-days in January Patch Tuesday update

  A larger than of late Patch Tuesday update from Microsoft comes as defenders continue to grapple with Log4Shell

• January 12, 2022 12 Jan'22

  Dutch cyber volunteers receive major funding boost

  The Dutch Institute for Vulnerability Disclosure has received a $100,000 donation to expand the scope of its work

• January 11, 2022 11 Jan'22

  Almost half of Log4j downloads still dangerously exposed

  Whether by error or design is unclear, but a great many IT teams are still exposing themselves by downloading outdated, insecure versions of Apache Log4j

• January 11, 2022 11 Jan'22

  Banks accused of neglecting customer security measures

  Which? singles out Metro Bank, Virgin Money and TSB over insecure online banking processes

• January 06, 2022 06 Jan'22

  Record amount invested in UK fintech last year, but female founders still overlooked

  Last year the UK financial technology sector attracted the most investment ever following a slowdown in 2020

• January 06, 2022 06 Jan'22

  Which? raises concerns over buy now, pay later schemes

  The ease of use and increased availability of buy now, pay later schemes masks the risks, says consumer protection champion

• January 06, 2022 06 Jan'22

  How far has Saudi Arabia come with open data?

  While clearly on the right path, Saudi Arabia still has a lot to do before it reaps the full benefits of open data

• January 05, 2022 05 Jan'22

  Google buys Siemplify in first phase of cyber investment

  Once integrated into Google Cloud, Siemplify’s platform will serve as the basis for deeper security development at Google

• January 05, 2022 05 Jan'22

  Fintech players get cosy in Luxembourg

  Luxembourg aims to play a larger role in the rapidly growing global fintech market

• December 29, 2021 29 Dec'21

  Top 10 Nordic IT stories of 2021

  Computer Weekly selects some of the biggest Nordic tech stories of 2021

• December 22, 2021 22 Dec'21

  Top 10 financial services and fintech stories of 2021

  Computer Weekly selects 10 key stories from the financial services IT sector over the past year

• December 21, 2021 21 Dec'21

  Large organisations turning to digital currencies for stored value

  Gartner predicts a major acceleration in the use of digital currencies over the next couple of years

• December 21, 2021 21 Dec'21

  IT services spending recovery to get renewals boost in 2022

  IT services and BPO deals worth $18.5bn globally up for renewal next year, adding fuel to already-expected high growth

• December 17, 2021 17 Dec'21

  HSBC fined £64m for automated transaction monitoring failures

  Bank hit by multimillion-pound fine for failures related to its transaction monitoring, which failed to spot potential money-laundering activity

• December 16, 2021 16 Dec'21

  Barclays selects HPE GreenLake to host 100,000 workloads

  Bank sees a need to provide more personalised digital experiences, and GreenLake is providing the IT infrastructure to help it get there

• December 16, 2021 16 Dec'21

  Nationwide Building Society moves website to Azure cloud

  Building society’s tech teams work with consultancy Contino to implement new website using the chaos engineering method

• December 15, 2021 15 Dec'21

  After Log4j, December Patch Tuesday piles on the pressure

  December’s Patch Tuesday update from Microsoft contains several critical CVEs, but this month all attention is focused on the fall-out from Log4Shell, and burn-out is becoming a real issue

• December 15, 2021 15 Dec'21

  AIB signs up to z15-powered transformation

  Irish bank has continued its investment in IBM z-series hardware and the Red Hat software portfolio to help it achieve its digital transformation goals