News

IT for financial services

• January 16, 2025 16 Jan'25

  Bank of England and New York counterpart exchange puts technology cooperation into 3D

  A staff exchange between regulators will see US and UK financial technology experts cross the Atlantic

• January 15, 2025 15 Jan'25

  Government, Nesta and ODI issue £600k smart data challenge to technologists

  Department for Business and Trade, Challenge Works and the Open Data Institute have issued a Smart Data Challenge to app developers and entrepreneurs with a total prize fund of £600,000

• January 15, 2025 15 Jan'25

  Biggest Patch Tuesday in years sees Microsoft address 159 vulnerabilities

  The largest Patch Tuesday of the 2020s so far brings fixes for more than 150 CVEs ranging widely in their scope and severity – including eight zero-day flaws

• January 15, 2025 15 Jan'25

  UK’s female fintech leaders hit harder by investment collapse

  UK fintechs led by women suffered disproportionately as a result of the fall in investment in the sector

• January 13, 2025 13 Jan'25

  Experts say ‘something has to break’ before banks slow IT-driven cost-cutting measures

  Banks will cut costs until something breaks and they are forced to scale back, according to industry experts

• January 10, 2025 10 Jan'25

  US bank FNBO uses Pindrop to tackle voice fraud, deepfakes

  Learn how First National Bank of Omaha in the US is enhancing customer authentication and verification in its contact centres, eliminating friction points and making life easier for its customer service teams, with Pindrop voice security technology

• January 10, 2025 10 Jan'25

  Mandiant: Latest Ivanti vulns exploited by Chinese cyber spooks

  Threat actors are once again lining up to exploit vulnerabilities in the widely used Ivanti product suite, with an apparent link to Chinese espionage activity

• January 10, 2025 10 Jan'25

  UK fintech investment drops by almost double global average

  Global fintech investments fell 20% compared to 37% in the UK, according to latest Innovate Finance figures

• January 03, 2025 03 Jan'25

  US Treasury incident a clear warning on supply chain security in 2025

  A cyber incident at the US Department of the Treasury – blamed on a Chinese state actor – raises fresh warnings about supply chain risk after it was found to have originated via vulnerabilities in a remote tech support product

• December 30, 2024 30 Dec'24

  Top 10 financial services stories of 2024

  Here are Computer Weekly’s top 10 financial services stories of 2024

• December 20, 2024 20 Dec'24

  Interview: Wendy Redshaw, chief digital information officer, NatWest Retail Bank

  The retail bank is moving at pace to introduce generative AI into key customer-facing services as part of a wider digital transformation across the organisation

• December 20, 2024 20 Dec'24

  Government introduces technology adoption review

  Whitehall has launched a call for evidence on barriers to adopting new technologies in the UK, wanting to know what needs to change for the country to stay at the forefront of technology adoption

• December 19, 2024 19 Dec'24

  LockBit ransomware gang teases February 2025 return

  An individual associated with the LockBit ransomware gang has broken cover to tease details of a new phase of the cyber criminal operation's activity, which they claim is set to begin in February 2025

• December 19, 2024 19 Dec'24

  Latest attempt to override UK’s outdated hacking law stalls

  Amendments to the Data Bill that would have given the UK cyber industry a boost by updating restrictive elements of the Computer Misuse Act have failed to progress beyond a Lords committee

• December 18, 2024 18 Dec'24

  The Security Interviews: Martin Lee, Cisco Talos

  Threat intel expert and author Martin Lee, EMEA technical lead for security research at Cisco Talos, joins Computer Weekly to mark the 35th anniversary of the first ever ransomware attack

• December 18, 2024 18 Dec'24

  Top 10 cyber security stories of 2024

  Data breaches, data privacy and protection, and the thorny issue of open source security were all hot topics this year. Meanwhile, security companies frequently found themselves hitting the headlines, and not always for good reasons. Here are ...

• December 18, 2024 18 Dec'24

  Top 10 cyber crime stories of 2024

  From ransomware targeting the NHS to nation-state-backed intrusions, 2024 was another big year for cyber criminals and cyber spooks alike, but they didn't have it all their own way as the good guys fought back

• December 16, 2024 16 Dec'24

  Top 10 IT leadership interviews of 2024

  The top technology leaders talk to Computer Weekly to discuss the challenges they face and the strategies, solutions and successes they are delivering

• December 13, 2024 13 Dec'24

  Computer Misuse Act reform gains traction in Parliament

  An amendment to the proposed Data (Access and Use) Bill that will right a 35-year-old wrong and protect security professionals from criminalisation is to be debated at Westminster

• December 13, 2024 13 Dec'24

  Post Office scandal 2024 – part 3: Fujitsu’s 12-month fall from grace

  After years of refusing to comment, Fujitsu was unable to continue hiding from its role in the Post Office Horizon IT scandal as politicians and a public inquiry demanded answers

• December 12, 2024 12 Dec'24

  Emerging Ymir ransomware heralds more coordinated threats in 2025

  A newly observed ransomware strain has the community talking about more collaboration, and blurred lines, between threat groups next year, according to NCC’s monthly cyber barometer

• December 10, 2024 10 Dec'24

  Dangerous CLFS and LDAP flaws stand out on Patch Tuesday

  Microsoft has fixed over 70 CVEs in its final Patch Tuesday update of the year, and defenders should prioritise a zero-day in the Common Log File System Driver, and another impactful flaw in the Lightweight Directory Access Protocol

• December 10, 2024 10 Dec'24

  iOS vuln leaves user data dangerously exposed

  Jamf threat researchers detail an exploit chain for a recently patched iOS vulnerability that enables a threat actor to steal sensitive data, warning that many organisations are still neglecting mobile updates

• December 02, 2024 02 Dec'24

  NCSC boss calls for ‘sustained vigilance’ in an aggressive world

  NCSC CEO Richard Horne is to echo wider warnings about the growing number and severity of cyber threats facing the UK as he launches the security body’s eighth annual report

• December 02, 2024 02 Dec'24

  UK economy could see £600m boost through digital IDs for businesses

  Government-backed organisation kicks off initiative to widen use of digital identities, in an effort to streamline financial services and cut hundreds of millions of pounds of economic crime

• November 26, 2024 26 Nov'24

  Russian threat actors poised to cripple power grid, UK warns

  UK government escalates cyber rhetoric in a speech at a Nato event, saying Russian advanced persistent threats stand ready to conduct cyber attacks that could ‘turn off the lights for millions’

• November 25, 2024 25 Nov'24

  Microsoft calls on Trump to ‘push harder’ on cyber threats

  Microsoft’s Brad Smith urges president-elect Donald Trump to keep the faith when it comes to fighting back against hostile cyber actors from China, Iran and Russia

• November 25, 2024 25 Nov'24

  Geopolitical strife drives increased ransomware activity

  The lines between financially motivated cyber criminals and nation state APTs are rapidly blurring, as geopolitical influences weigh heavily on the threat landscape, according to data from NCC

• November 21, 2024 21 Nov'24

  BianLian cyber gang drops encryption-based ransomware

  The Australian and American cyber authorities have published updated intelligence on the BianLian ransomware gang, which has undergone a rapid evolution in tactics

• November 21, 2024 21 Nov'24

  Microsoft slaps down Egyptian-run rent-a-phish operation

  Microsoft’s Digital Crimes Unit has conducted a successful takedown of almost 250 malicious websites used in the cyber criminal ONNX phishing-as-a-service operation

• November 20, 2024 20 Nov'24

  Apple addresses two iPhone, Mac zero-days

  Two zero-day vulnerabilities uncovered in Apple’s operating systems could have allowed for arbitrary code execution and cross-site scripting attacks

• November 19, 2024 19 Nov'24

  Nationwide Building Society backs HPE GreenLake for hybrid cloud push

  Nationwide Building Society's digital transformation efforts are continuing apace, with the company enlisting the help of HPE GreenLake to meet its hybrid cloud goals

• November 18, 2024 18 Nov'24

  How banks are navigating the AI landscape

  Industry experts discuss the transformative potential of artificial intelligence in banking, while addressing the challenges and governance implications of integrating AI into financial services

• November 18, 2024 18 Nov'24

  AWS widening scope of MFA programme after early success

  AWS reports strong take-up of multi-factor authentication among customers since making it compulsory for root users earlier this year, and plans to expand the scope of its IAM programme in spring 2025

• November 12, 2024 12 Nov'24

  Microsoft fixes 89 CVEs on penultimate Patch Tuesday of 2024

  High-profile vulns in NTLM, Windows Task Scheduler, Active Directory Certificate Services and Microsoft Exchange Server should be prioritised from November’s Patch Tuesday update

• November 12, 2024 12 Nov'24

  Zero-day exploits increasingly sought out by attackers

  Threat actors increasingly favour zero-day exploits to attack their victims before patches become available, according to the NCSC and CISA, which have just published a list of the most widely used vulnerabilities of 2023

• November 12, 2024 12 Nov'24

  How quantum computing could reshape financial services

  Experts at the Singapore FinTech Festival predict quantum computing will improve risk management, investment strategies and fraud detection in the financial sector, while also posing new challenges for data security

• 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