News

IT for financial services

• November 07, 2024 07 Nov'24

  Google Cloud MFA enforcement meets with approval

  Latest Google Cloud policy to enforce multifactor authentication across its user base is welcomed by security professionals

• November 07, 2024 07 Nov'24

  AI a force multiplier for the bad guys, say cyber pros

  CIISec’s annual report on the security profession finds evidence of growing concern that artificial intelligence will ultimately prove more useful to threat actors than defenders

• November 04, 2024 04 Nov'24

  Financiers isolate Middle East over sanctions-evading paytech

  Cross-border payment system loses support of association of global central banks

• November 01, 2024 01 Nov'24

  CISA looks to global collaboration as fraught US election begins

  The US' CISA cyber agency has unveiled a two-year International Strategic Plan to advance collaboration and improve resilience against shared risks and threats

• November 01, 2024 01 Nov'24

  Bank of England warns against AI ‘complacency’

  UK financial services regulator wants to increase understanding of AI’s benefits and how firms are managing the risks it poses, as take-up grows and use cases increase

• October 30, 2024 30 Oct'24

  RedLine, Meta malwares meet their demise at hands of Dutch cops

  A multinational action led by authorities in the Netherlands has resulted in the takedown of the notorious RedLine and Meta infostealer malwares

• October 29, 2024 29 Oct'24

  EMEA businesses siphoning budgets to hit NIS2 goals

  With NIS2 now in effect, European business leaders are having to divert budget from elsewhere to achieve compliance

• October 29, 2024 29 Oct'24

  Tata Consultancy Services to deliver Irish pension scheme

  Indian IT services giant adds to its growing customer base in the pensions sector with Irish contract win

• October 28, 2024 28 Oct'24

  How Manulife is empowering sales and call centre agents with AI

  Canadian insurance giant is leveraging generative AI to personalise customer experiences, transform contact centre workflows and automate underwriting processes

• October 24, 2024 24 Oct'24

  Prudential taps AI to improve health insurance experience

  Insurance giant Prudential teams up with Google Cloud to streamline claims processing, personalise healthcare journeys and improve health outcomes

• October 22, 2024 22 Oct'24

  Danish government reboots cyber security council amid AI expansion

  Denmark’s government relaunches digital security initiative to protect business sectors and society at large

• October 21, 2024 21 Oct'24

  Techcombank’s tech investments set to fuel record profit

  The Vietnam bank is targeting $1bn in profit in 2024 while maintaining a flat headcount and reducing physical branches, thanks to its investments in artificial intelligence and a data engine

• October 10, 2024 10 Oct'24

  Gartner: AI can be catalyst for new business models

  Gartner expert Nicholle Lindner explains how companies like Klarna are leveraging AI to drive new revenue, and what businesses need to consider when embracing the technology

• October 10, 2024 10 Oct'24

  How Recorded Future finds ransomware victims before they get hit

  Threat intel specialists at Recorded Future have shared details of newly developed techniques they are using to disrupt Rhysida ransomware attacks before the gang even has a chance to execute them

• October 09, 2024 09 Oct'24

  MoneyGram customer data breached in attack

  MoneyGram confirms that customer data has been stolen in an incident that appears to have started with a social engineering attack on its IT helpdesk staff

• October 09, 2024 09 Oct'24

  Five zero-days to be fixed on October Patch Tuesday

  Stand-out vulnerabilities in Microsoft’s latest Patch Tuesday drop include problems in Microsoft Management Console and the Windows MSHTML Platform

• October 08, 2024 08 Oct'24

  Secureworks: Ransomware takedowns didn’t put off cyber criminals

  The number of active cyber criminal ransomware gangs has surged by almost a third in the space of 12 months, according to the latest intelligence from Secureworks

• October 04, 2024 04 Oct'24

  NCSC celebrates eight years as Horne blows in

  Outgoing NCSC interim leader Felicity Oswald shares her thoughts on the body’s work over the past eight years as she hands over the reins to incoming CEO Richard Horne

• October 04, 2024 04 Oct'24

  Cups Linux printing bugs open door to DDoS attacks, says Akamai

  The Cups Linux printing vulnerabilities disclosed at the end of September would seem to have a nasty sting in their tail, according to researchers at Akamai

• October 03, 2024 03 Oct'24

  SOC teams falling out of love with threat detection tools

  Security operations centre practitioners are fed up of being flooded with pointless alerts and many no longer have much confidence in their threat detection tools, according to a report

• October 02, 2024 02 Oct'24

  ‘Shocked’ MoneyGram hits back at Post Office

  Money transfer fintech wrote to subpostmasters expressing its disappointment with the Post Office over end of contract

• October 01, 2024 01 Oct'24

  Cyber teams say they can’t keep up with attack volumes

  Over 60% of European security pros say their teams are understaffed, and over 50% don’t have enough budget, according to data from ISACA

• September 24, 2024 24 Sep'24

  Money transfer firm MoneyGram rushes to contain cyber attack

  Money transfer specialist MoneyGram services remain down several days after a network outage developed into a full-blown cyber security incident

• September 24, 2024 24 Sep'24

  Unique malware sample volumes seen surging

  BlackBerry’s latest ‘Global threat intelligence’ report details a surge in unique malware samples as threat actors ramp up the pace of targeted attacks

• September 23, 2024 23 Sep'24

  Metro Bank outsources IT to Infosys to cut costs and digitally transform

  Indian IT services giant taken on to support Metro Bank’s digital transformation in multi-year deal

• September 19, 2024 19 Sep'24

  HSBC tests post-quantum VPN tunnel for digital ledgers

  Encryption required for post-quantum cryptography will have a material impact on the performance of distributed ledgers

• September 18, 2024 18 Sep'24

  Dreamforce 24: Salesforce taps Nvidia to power Agentforce

  At Dreamforce in San Francisco, Salesforce and Nvidia detail some of the tech that will power the software giant's newly launched Agentforce service

• September 18, 2024 18 Sep'24

  Dreamforce 2024: Salesforce calls on customers to flesh out AI vision

  A stream of customers helped Salesforce make the case for its Agentforce artificial intelligence offering on the opening day of the annual Dreamforce conference in San Francisco

• September 17, 2024 17 Sep'24

  Barclays takes on more GreenLake

  Barclays has ramped up its HPE-powered private cloud, as it continues to modernise IT and reduce its carbon footprint

• September 12, 2024 12 Sep'24

  Mphasis expands UK roots with leap into quantum computing

  Indian heritage software development services supplier opens London hub to help customers integrate the latest technologies into their business plans

• September 05, 2024 05 Sep'24

  NCSC and allies call out Russia's Unit 29155 over cyber warfare

  The NCSC and counterpart agencies from the US and other countries have exposed a long-running campaign of Russian cyber espionage and warfare conducted by GRU Unit 29155

• September 05, 2024 05 Sep'24

  Fog ransomware crew evolving into wide-ranging threat

  The emergent Fog ransomware gang appears to be changing up its victimology in search of more cash-rich victims

• September 04, 2024 04 Sep'24

  Lloyds Bank uses artificial intelligence to check trade finance documents

  Bank is automating checks of digital and paper-based documentation in trade financing with the help of artificial intelligence

• September 04, 2024 04 Sep'24

  Fraud and scam complaints hit highest ever level in UK

  The Financial Ombudsman Service says it recorded almost 9,000 complaints about fraud and scams from April to June, the most ever recorded

• September 03, 2024 03 Sep'24

  TSB systems could be on the move again as BBVA eyes its parent

  TSB was migrated to the systems of Sabadell in a project remembered for its monumental IT meltdown in 2018

• September 03, 2024 03 Sep'24

  Nationwide development platform uses Red Hat technology

  Building society is speeding up its software releases through Red Hat cloud application development platform

• September 02, 2024 02 Sep'24

  UK and Ukraine digital trade deal comes into force

  The UK eases access to the deep tech startup community in Ukraine through digital-only agreement

• August 29, 2024 29 Aug'24

  Iranian APT caught acting as access broker for ransomware crews

  Members of Iran-backed Pioneer Kitten APT appear to be trying to supplement their pay packets by helping Russian-speaking ransomware gangs to access their victims in exchange for a cut of the profits

• August 28, 2024 28 Aug'24

  Global cyber spend to rise 15% in 2025, pushed along by AI

  Security spending will increase at pace in 2025, with artificial intelligence, cloud and consultancy services all pushing outlay to new highs, according to Gartner

• August 22, 2024 22 Aug'24

  New Qilin tactics a ‘bonus multiplier’ for ransomware chaos

  Sophos X-Ops caught the Qilin ransomware gang stealing credentials stored by victims' employees in Google Chrome, heralding further cyber attacks and breaches down the line.

• August 21, 2024 21 Aug'24

  Women in data: Claire Thompson, chief data officer, L&G

  The insurer’s data chief discusses using data for better insights, building data capabilities through apprenticeships, and the value of diversity in data leadership

• August 21, 2024 21 Aug'24

  Wells Fargo bank turns to AI to help families settle estates after a death

  Wells Fargo bank is winning customers after using business automation software and artificial intelligence to help people manage the estates of relatives following a bereavement

• August 20, 2024 20 Aug'24

  ICO launches privacy notice tool for SMEs

  ICO tool designed to make it easier for small businesses and sole traders operating online to create bespoke data privacy notices for compliance purposes

• August 20, 2024 20 Aug'24

  Phishing links becoming bigger threat than email attachments

  Phishing techniques are evolving away from malicious email attachments, according to a report

• August 14, 2024 14 Aug'24

  August Patch Tuesday proves busy with six zero-days to fix

  Microsoft patches six actively exploited zero-days among over 100 issues during its regular monthly update

• August 13, 2024 13 Aug'24

  NIST debuts three quantum-safe encryption algorithms

  NIST has launched the first three quantum-resistant encryption algorithms, and as the threat of quantum-enabled cyber attacks grows greater, organisations are encouraged to adopt them as soon as they can

• August 08, 2024 08 Aug'24

  Royal ransomware crew puts on a BlackSuit in rebrand

  The Royal ransomware gang is back, with a new name and refreshed capabilities, including an apparently unique ‘partial encryption’ gambit, according to CISA

• August 06, 2024 06 Aug'24

  2024 seeing more CVEs than ever before, but few are weaponised

  The number of disclosed CVEs soared by 30% in the first seven-and-a-half months of the year, but a tiny fraction of these have been exploited by threat actors, a reminder of the importance of focused security strategies

• August 05, 2024 05 Aug'24

  Chinese cyber attack sparks alert over six-year-old MS vuln

  After a proof-of-concept for a six-year-old Microsoft vulnerability emerged in a Chinese APT attack chain, defenders should be on the look-out for exploitation of CVE-2018-0824

• August 05, 2024 05 Aug'24

  World’s largest companies at near-universal risk of supply chain breach

  Data from SecurityScorecard once again focuses on the interconnected nature of business supply chains and the risk posed to operational resilience by unexpected IT problems and cyber threats