News

IT for financial services

• April 04, 2025 04 Apr'25

  Norway and Nordic financial sector ramps up cyber security

  Finans Norge sets up cyber security unit CTSU to support the finance sector in Norway amid increasing threats

• April 04, 2025 04 Apr'25

  Banks to share fraud data with tech firms in cross-sector collaboration

  UK banks join tech firms in fraud data-sharing initiative to enable collaboration on action to stop online scams

• April 03, 2025 03 Apr'25

  Danish supercomputer to drive innovation

  Supercomputer project will add a competitive edge to drive innovation and growth among Denmark’s enterprises and research organisations

• April 02, 2025 02 Apr'25

  UKtech50 2025 – help us find the most influential people in UK IT

  Computer Weekly’s annual search for the 50 most influential people in UK IT is on – let us know who you would like to nominate for this year's list

• April 01, 2025 01 Apr'25

  Gmail ‘bubble’ encryption may be an S/MIME killer, says Google

  Marking the 21st anniversary of Gmail, Google is preparing to roll out an end-to-end encryption standard for its email service in hopes of democratising encryption and leaving old standards in the dust

• March 31, 2025 31 Mar'25

  Top 1,000 IT service providers in scope of UK cyber bill

  The government’s proposed Cyber Security and Resilience Bill is set to include regulatory provisions covering both datacentre operators and larger IT service providers

• March 26, 2025 26 Mar'25

  More than 200 Lloyds Bank bosses to receive artificial intelligence training

  Lloyds Banking Group is running a six-month training programme with the aim of building AI skills among its senior leadership

• March 24, 2025 24 Mar'25

  ‘Bankenstein’ and a cold calculation means banking crashes will continue

  Following a three-day crash at Barclays, UK banks were forced to explain to MPs when, how and why digital services became unavailable over past two years

• March 21, 2025 21 Mar'25

  NCSC, DSIT enlist IBM to spearhead cyber diversity agenda

  IBM signs on to a partnership deal in support of the popular NCSC CyberFirst Girls scheme designed to foster gender diversity in the cyber security profession

• March 21, 2025 21 Mar'25

  Dutch workforce faces radical transformation as AI adoption accelerates

  While the Netherlands leads Europe in AI adoption, a deeper analysis of the labour market reveals a more nuanced narrative than the apocalyptic predictions of job losses

• March 20, 2025 20 Mar'25

  NCSC proposes three-step plan to move to quantum-safe encryption

  The NCSC urges service providers, large organisations and critical sectors to start thinking today about how they will migrate to post-quantum cryptography over the next decade

• March 19, 2025 19 Mar'25

  Clop resurgence drives ransomware attacks in February

  The exploitation of two new vulnerabilities in a popular file transfer service saw the Clop ransomware gang soar in February, according to NCC

• March 17, 2025 17 Mar'25

  How Oracle is using AI to combat financial crime

  The tech giant is leveraging artificial intelligence to surface fraudulent financial transactions and improve the efficiency of financial crime investigations, offering relief to banks battling high costs and alert fatigue

• March 13, 2025 13 Mar'25

  SuperBlack ransomware may have ties to LockBit

  Forescout researchers report on a new ransomware gang that appears to be keeping the legacy of the notorious LockBit crew alive

• March 13, 2025 13 Mar'25

  Government announces inevitable end to Payments Services Regulator

  The government has abolished the Payments Services Regulator and will move responsibilities to Financial Conduct Authority

• March 11, 2025 11 Mar'25

  March Patch Tuesday brings 57 fixes, multiple zero-days

  The third Patch Tuesday of 2025 brings fixes for 57 flaws and a hefty number of zero-days

• March 11, 2025 11 Mar'25

  Perimeter security appliances source of most ransomware hits

  Perimeter security appliances and devices, particularly VPNs, prove to be the most popular entry points into victim networks for financially motivated ransomware gangs, according to reports

• March 06, 2025 06 Mar'25

  Big bank systems crashed for over 800 hours in last two years due to IT outages

  Bank bosses forced to reveal extent of banking IT failures to MPs on the Treasury Select Committee

• March 06, 2025 06 Mar'25

  CFIT publishes blueprint for digital company business IDs

  Plan to increase the use of digital identities by businesses could add billions of pounds to UK economy through compliance savings and reduced fraud

• March 05, 2025 05 Mar'25

  IR35: Government outlines two-pronged approach to umbrella company regulation

  The government looks set to deliver on its long-promised vow to roll out regulation for umbrella companies

• February 28, 2025 28 Feb'25

  Major UK banks hit by payday digital banking problems again

  A month after Barclays suffered online banking problems, customers at multiple banks report further issues

• February 27, 2025 27 Feb'25

  CVE volumes head towards 50,000 in 2025, analysts claim

  Many trends, notably a big shift to open source tools, are behind an expected boom in the number of disclosed vulnerabilities

• February 26, 2025 26 Feb'25

  CISOs spending more on insider risk

  Insider risk management budgets have more than doubled in the past 12 months and look set to grow further still in 2025, according to a report

• February 24, 2025 24 Feb'25

  Government seeks payments tech partner through £49m contract

  UK government wants tech partner to help it embed open banking functionality into its Gov.uk Pay platform

• February 21, 2025 21 Feb'25

  A landscape forever altered? The LockBit takedown one year on

  The NCA-led takedown of the LockBit ransomware gang in February 2024 heralded a transformative year in the fight against cyber crime. One year on, we look back at Operation Cronos and its impact

• February 19, 2025 19 Feb'25

  CaixaBank outlines artificial intelligence intentions in €5bn plan

  Spanish bank announces Cosmos, an investment in its processes and technology that sits within its €5bn strategic plan

• February 18, 2025 18 Feb'25

  EY: Industrial companies worldwide stunted in emerging technology use

  Businesses globally are spending more on emerging technologies year-on-year, but struggle to expand experimental use cases, finds EY’s sixth annual Reimagining Industry Futures study

• February 18, 2025 18 Feb'25

  Cyber Monitoring Centre develops hurricane scale to count cost of cyber attacks

  A non-profit company aims to measure the impact of cyber events on the economy using a 1 to 5 scale borrowed from hurricane classification

• February 18, 2025 18 Feb'25

  Meta’s planned subsea cable will exceed circumference of Earth and support AI innovation

  Meta’s planned 50,000 km subsea cable will be the world’s longest and connect the five major continents

• February 17, 2025 17 Feb'25

  ‘Times are hard’ for fintech but latest report reveals glimmer of recovery

  Fintech investment in the UK hit a four-year low last year, as the wider EMEA region saw the lowest numbers in eight years

• February 14, 2025 14 Feb'25

  Gartner: CISOs struggling to balance security, business objectives

  Only 14% of security leaders can ‘effectively secure organisational data assets while also enabling the use of data to achieve business objectives’, according to Gartner

• February 14, 2025 14 Feb'25

  Government launches consultation on plan to streamline business through e-invoicing

  Government announces 12-week consultation on electronic invoicing as part of its plan for change

• February 12, 2025 12 Feb'25

  Cisco Live EMEA: Network supplier tightens AI embrace

  At its annual EMEA show, Cisco tech leadership unveiled a raft of new products, services and features designed to help customers do more with artificial intelligence

• February 11, 2025 11 Feb'25

  MPs demand bank bosses come clean over IT outages following Barclays crash

  Treasury committee wants banks to provide details of how IT failures have affected their businesses over the past two years

• February 09, 2025 09 Feb'25

  HMRC spends £785m a year on running digital tax systems

  Beyond £785m spend, HMRC also spent £482m on upgrading legacy systems and introducing new digital systems, as it continues to fall behind its plans to become one of the most digitally advanced tax authorities in the world

• February 07, 2025 07 Feb'25

  US lawmakers move to ban DeepSeek AI tool

  US politicians have introduced a bill seeking to ban the use of the DeepSeek AI tool on government-owned devices, citing national security concerns due to its alleged links to the Chinese state

• February 07, 2025 07 Feb'25

  Ransomware payment value fell over 30% in 2024

  Several factors, including the impact of law enforcement operations disrupting cyber criminal gangs and better preparedness among users, may be behind a significant drop in the total value of ransomware payments

• February 06, 2025 06 Feb'25

  UK’s Cyber Monitoring Centre begins incident classification work

  The Cyber Monitoring Centre will work to categorise major incidents against a newly developed scale to help organisations better understand the nature of systemic cyber attacks and learn from their impact

• February 05, 2025 05 Feb'25

  MPs to scrutinise use of artificial intelligence in the finance sector

  MPs launch inquiry into the use of artificial intelligence technologies in the financial services sector

• February 04, 2025 04 Feb'25

  Can AI identify financially vulnerable people better than humans?

  Research from customer experience firm Nice finds that AI can identify financially vulnerable people better than humans and offer more comfortable channels for financial problem solving

• February 03, 2025 03 Feb'25

  Nationwide Building Society to train people to think like cyber criminals

  Nationwide wants to help bring more diversity into UK cyber security skills base through partnership with training specialist

• January 31, 2025 31 Jan'25

  Barclays hit by major IT outage on HMRC deadline day

  Customers of Barclays Bank are left unable to access web app and online banking following a significant IT outage that seems to have come at the worst possible time

• January 29, 2025 29 Jan'25

  Vallance rejects latest charge to reform UK hacking laws

  Science minister Patrick Vallance rejects proposed amendments to the Computer Misuse Act, arguing that they could create a loophole for cyber criminals to exploit

• January 27, 2025 27 Jan'25

  Three sentenced over OTP.Agency MFA fraud service

  Three men have been sentenced over their role in a cyber criminal subscription service that offered access to online accounts using illicitly obtained one-time passcodes

• January 27, 2025 27 Jan'25

  Cyber incident that closed British Museum was inside job

  An IT incident that disrupted visitor access to the British Museum last week was the work of a disgruntled contractor who had been let go

• January 23, 2025 23 Jan'25

  ICO launches major review of cookies on UK websites

  ICO sets out 2025 goals, including a review of cookie compliance across the UK’s top 1,000 websites, as it seeks to achieve its ultimate goal of giving the public meaningful control over how their data is used

• January 22, 2025 22 Jan'25

  Privacy professionals expect budget cuts, lack confidence

  Over 50% of privacy professionals in Europe expect to see less money earmarked for data security initiatives in 2025, and many don’t have faith their organisations are taking the issue seriously, according to an ISACA report

• January 22, 2025 22 Jan'25

  Funksec gang turned up ransomware heat in December

  The criminal ransomware fraternity was hard at work over the festive period, with attack volumes rising and a new threat actor emerging on the scene

• January 20, 2025 20 Jan'25

  The death of the piggy bank marks coming of age of a fintech

  Fintech is a broad church that can be applied to high finance and child savings alike, as the team at startup Those Beyond have demonstrated

• January 16, 2025 16 Jan'25

  Almost half of UK banks set to miss DORA deadline

  A significant minority of financial services organisations in the UK will not be fully compliant with the EU’s DORA cyber and risk management regulation when it comes into force on 17 January