News
IT for financial services
-
March 23, 2023
23
Mar'23
US bakery pilots Amazon tech for palm payments
Amazon's palm-scanning authentication technology is being used by US bakery and café chain to boost use of its loyalty programme
-
March 21, 2023
21
Mar'23
Ransomware gangs harass victims to ‘bypass’ backups
Analysis reveals how cyber criminal gangs are turning to extensive, targeted harassment campaigns to force victims to pay up, even if their backups are in good order
-
March 20, 2023
20
Mar'23
NatWest announces ID service for its customers
The identities of NatWest customers engaging with businesses online can be confirmed by the bank's ID service in seconds
-
March 20, 2023
20
Mar'23
BBC cracks down on TikTok after review
The BBC is asking staff not to install TikTok on corporate-owned devices without a justified business purpose, although its use will still be allowed to share media content with its audiences
-
March 20, 2023
20
Mar'23
Inside AIA’s cloud adoption journey
The Hong Kong-based multinational insurance firm has moved 86% of its IT infrastructure to public cloud to drive growth, productivity and efficiency
-
March 17, 2023
17
Mar'23
UK TikTok ban gives us all cause to consider social media security
The UK government’s ban on TikTok should give all organisations cause to look into what information social media platforms are collecting on us, and what they are using it for
-
March 16, 2023
16
Mar'23
BEC attacks doubled in 2022, outstripping ransomware
Massive growth in the volume of Business Email Compromise or BEC attacks was linked to a surge in successful phishing campaigns, according to data from Secureworks
-
March 16, 2023
16
Mar'23
Mandiant: Dangerous MS Outlook zero-day widely used against Ukraine
A zero-day vulnerability in Microsoft Outlook that was fixed in the March Patch Tuesday update has likely been actively exploited by Russian actors for a year or more, and its use will now spread rapidly
-
March 15, 2023
15
Mar'23
Chinese Silkloader cyber attack tool falls into Russian hands
A loader tool used by Chinese cyber criminals seems to have been enthusiastically taken up in recent weeks by Russian ransomware operators
-
March 15, 2023
15
Mar'23
Microsoft patches Outlook zero-day for March Patch Tuesday
A highly dangerous privilege escalation bug in Outlook is among 80 different vulnerabilities patched in Microsoft’s March Patch Tuesday update
-
March 14, 2023
14
Mar'23
Central bank digital currency use set to soar over next seven years
The use of central bank-backed digital currencies is set to explode over the next seven years as governments drive adoption to increase financial inclusion
-
March 13, 2023
13
Mar'23
MI5 to oversee new National Protective Security Authority
The new National Protective Security Authority will address various national security threats including state-sponsored cyber espionage against UK targets
-
March 07, 2023
07
Mar'23
Nationwide goes cloud native to transform payments
Nationwide Building Society is moving retail payments from on-premise systems to a cloud-native platform
-
March 06, 2023
06
Mar'23
Fintech industry calls for regulatory change to help struggling consumers
Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis
-
March 03, 2023
03
Mar'23
Shawbrook Bank uses Pegasystems for low-code business process rewrite
SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes
-
February 28, 2023
28
Feb'23
Two years on from the Kalifa report, UK fintechs speak out
Two years after the UK government’s Kalifa fintech report, entrepreneurs warn of a continuing Brexit headache and slow regulatory reform
-
February 28, 2023
28
Feb'23
Government announces national fintech hub
The UK Treasury has announced a centre for fintech innovation, two years after a major report recommended one
-
February 23, 2023
23
Feb'23
WithSecure proposes ‘undo’ button for ransomware
WithSecure’s Activity Monitor technology supposedly overcomes the shortcomings of sandbox test environments, and may be able to stop ransomware attacks from ever happening
-
February 23, 2023
23
Feb'23
Santander SME platform harnesses Salesforce
Bank platform that helps UK small and medium-sized enterprises expand export opportunities is built on cloud technology from Salesforce
-
February 22, 2023
22
Feb'23
Researchers find new bug ‘class’ in Apple devices
A group of vulnerabilities in Apple products that stem from the ForcedEntry exploit used by spyware firm NSO constitutes a whole new class of bug, say researchers at Trellix
-
February 22, 2023
22
Feb'23
Dutch cyber security professionals experience stress akin to soldiers in war zone, claims expert
Cyber attacks are taking a heavy toll on Dutch IT professionals, with over a third reporting that their mental health suffers as a result
-
February 22, 2023
22
Feb'23
Half of cyber leaders to switch jobs by 2025, citing stress
A substantial number of cyber security leaders are plotting their great escape, saying the industry is leaving them too stressed to go on, according to a study
-
February 21, 2023
21
Feb'23
Seven million people in UK used open banking services in 2022
More than seven million people used services that harnessed open banking last year, with 1.2 million of these first-time users
-
February 21, 2023
21
Feb'23
UK finance firms short of data skills
Financial services companies in the UK lack the data skills they will need to succeed in an increasingly digital world
-
February 21, 2023
21
Feb'23
Average consumer spent more than £3,300 using contactless payments in 2022
The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits
-
February 20, 2023
20
Feb'23
App-based Zopa bank buys BNPL fintech
App-based Zopa bank is adding a buy now, pay layer platform to its technology stack through its first acquisition
-
February 17, 2023
17
Feb'23
CIO interview: Hans van der Waal, director of global IT, Travelex
Travelex has weathered a storm that saw it sink into administration, before emerging to solidify its digital foundations for the future
-
February 16, 2023
16
Feb'23
Financial advisory firm Succession Wealth probes cyber attack
Aviva-owned wealth consultancy and financial advisory practice Succession Wealth was hit by an undisclosed security incident on 8 February
-
February 15, 2023
15
Feb'23
Multi-purpose malwares can use more than 20 MITRE ATT&CK TTPs
Report warns of the development of increasingly sophisticated, multi-purpose malwares, and calls on defenders to play close attention to the MITRE ATT&CK framework to ward them off
-
February 15, 2023
15
Feb'23
Microsoft fixes three zero-days in February update
February’s Patch Tuesday update contains fixes for three previously unpublicised zero-days in Microsoft Office, Windows Graphics Component and Windows Common Log File System Driver
-
February 15, 2023
15
Feb'23
UK saw fintech investment collapse in 2022, but is still a world leader
Fintech investment in the UK sees steep drop, but the country was still a top destination for capital
-
February 14, 2023
14
Feb'23
Vidar, nJRAT re-emerge as prominent malware threats in January
Trojans and infostealers once again dominate the list of most commonly observed threats, according to Check Point’s latest telemetry
-
February 14, 2023
14
Feb'23
UK authorities clamp down on illegal crypto ATMs
The Financial Conduct Authority and West Yorkshire Police have disrupted a number of illegal crypto ATMs
-
February 14, 2023
14
Feb'23
‘Buy now, pay later’ crackdown in the making
The finance regulator has proposed bringing ‘buy now, pay later’ providers within its regulatory remit
-
February 14, 2023
14
Feb'23
Payment tech provider opens Finnish tech hub
Nordic payment tech supplier opens a hub in the Finnish city of Espoo to access expertise
-
February 14, 2023
14
Feb'23
UAE central bank programme to accelerate digital transformation
The United Arab Emirates government launches programme to accelerate the digital transformation of the country’s finance sector
-
February 14, 2023
14
Feb'23
Researcher exposes crypto scam network exploiting YouTube
A massive network of fake YouTube videos promoted by automated sock puppet accounts is reeling in hundreds of cryptocurrency enthusiasts and persuading them to hand over their money, WithSecure researchers found
-
February 13, 2023
13
Feb'23
KPMG launches metaverse and digital twin hub in Saudi Arabia
The Saudi Arabian government’s commitment to investing in metaverse technology has attracted a KPMG centre of excellence to its shores
-
February 13, 2023
13
Feb'23
Security buyers lack insight into threats, attackers, report finds
The majority of cyber security purchasing decisions are made without proper insight into the attackers organisations are facing, according to a Mandiant report
-
February 13, 2023
13
Feb'23
Whistleblower in limbo as sensitive NatWest customer files remain under her bed
Whistleblower and NatWest at stalemate as regulators leave it up to them to come to an agreement on return of sensitive customer data
-
February 10, 2023
10
Feb'23
BNPL accounted for 12% of UK online spending in January
Buy now, pay later products from fintech providers accounted for 12% of the £8bn spent online in the UK in January, according to analysis
-
February 09, 2023
09
Feb'23
Deutsche Bӧrse signs decade-long deal with Google Cloud
German financial exchange firm Deutsche Bӧrse is expanding its long-standing partnership with Google Cloud as part of a push to ‘economise and concentrate’ its cloud strategy
-
February 09, 2023
09
Feb'23
Cost-of-living crisis creates appetite to switch banks
As millions of Brits struggle with their finances, many view tailored financial services as beneficial
-
February 09, 2023
09
Feb'23
Banking regulatory body wants a ‘tripwire’ to flag APP fraud
Banking code of practice organisation wants banks to monitor where authorised push payment scammers are sending stolen money
-
February 07, 2023
07
Feb'23
APP fraud reimbursement proposal is ‘fundamentally flawed’, say MPs
MPs claim the involvement of a bank-sponsored organisation in reimbursing victims of APP fraud would be a conflict of interest
-
February 07, 2023
07
Feb'23
‘Profound’ digital pound decision faces policymakers
The UK Treasury has launched a consultation paper to help lay the foundations for a ‘profound decision’ over a digital currency
-
February 07, 2023
07
Feb'23
TSB pilots pods as branch replacements
TSB joins Barclays in adopting banking pods to ensure customers have access to physical banking services as the number of high street branches declines
-
February 06, 2023
06
Feb'23
Online banks still riddled with cyber security flaws, report says
Online bank Virgin Money was found to have the weakest online and application security measures in a Which? study but Nationwide, TSB and The Co-Operative Bank all failed on multiple points, too.
-
February 06, 2023
06
Feb'23
Estonian anti-money laundering platform used to fight APP fraud
A real-time data-sharing platform originally built to identify money laundering is also being applied to the fight against authorised push payment fraud
-
February 06, 2023
06
Feb'23
The Security Interviews: How to overcome data protection compliance challenges
Complying with the vast swathe of data protection legislation around the world is complex, especially for smaller organisations without the necessary expertise. Could the compliance process be simplified, and if so, how?