News

IT for financial services

November 07, 2012 07 Nov'12
Police arrest man for DDoS attacks on Theresa May sites

Police have arrested a 41-year-old man in connection with a cyber attack on websites connected to home secretary Theresa May
November 06, 2012 06 Nov'12
Gartner Symposium: RBS emulates Amazon with private cloud

Royal Bank of Scotland has developed a private cloud to support its application development process, using Amazon best practices
November 02, 2012 02 Nov'12
RBS pays customers extra £50m for IT failure

The IT failure that struck Royal Bank of Scotland (RBS) in June will cost more than expected as customers are paid an extra £50m compensation
November 01, 2012 01 Nov'12
Parliamentary committee joins criticism of draft communications data bill

Home secretary Theresa May faced stern criticism before a Parliamentary committee hearing evidence on the Draft Communications Data Bill

October 31, 2012 31 Oct'12
Free mobile apps a threat to privacy, study finds

Free mobile apps pose a serious threat to privacy because of their ability to capture large amounts of user information
October 30, 2012 30 Oct'12
IT security budgets mismatched to hacker targets, study shows

IT security budgets are not being used to provide defence technologies in some areas most likely to be targeted by hackers, a study shows
October 26, 2012 26 Oct'12
Cloud HR pivotal to Direct Line share offering

Cloud HR proved pivotal to insurance group Direct Line separating from the Royal Bank of Scotland (RBS) before it launched on the stock market
October 22, 2012 22 Oct'12
RBS spends £80m to link its multiple mainframes better

The Royal Bank of Scotland will dedicate £80m of its massive IT budget to eliminate problems caused by its mainframe infrastructure
October 16, 2012 16 Oct'12
Organisations need alternative data protection as security models fail

Organisations' security models are failing - so could it be time to adopt an intelligence-led approach to data protection and fighting cyber crime?
October 11, 2012 11 Oct'12
RSA Europe: Thousands of unprotected virtual servers exposed to the web

Organisations are failing to protect data in virtual environments, says Jason Hart, vice-president cloud solutions, SafeNet

October 11, 2012 11 Oct'12
RSA Europe: Security concerns whole supply chain, says Misha Glenny

Targeted attacks affect the whole supply chain, not just big corporations, author Misha Glenny tells RSA Conference Europe 2012 attendees
October 10, 2012 10 Oct'12
RSA Europe: Cloud key to future information security, says Qualys

Cloud computing is an opportunity information security professionals should not miss, says Philippe Courtot, CEO of security firm Qualys
October 05, 2012 05 Oct'12
Payment errors could undermine Sepa advantages

European firms might lose billions of Euros through payment errors when the Single European Payments Area comes into force in 2014
October 03, 2012 03 Oct'12
Case study: How WorldPay built its IT from scratch after RBS split

Former RBS payment processing division WorldPay will reach a major IT milestone this month on its journey to stand on its own since it was sold in 2010
October 03, 2012 03 Oct'12
UKtech50 2012: Who are the most influential people in UK IT?

Computer Weekly is this week launching the third UKtech50, our annual definitive list of the real movers and shakers in UK IT
October 01, 2012 01 Oct'12
London gets another finance technology hub

Canary Wharf Group is opening a centre for start-ups to work on financial services technology and services early next year
September 27, 2012 27 Sep'12
Izz ad-Din al-Qassam hackers launch cyber attack on US bank Wells Fargo

A hacker group connected to Hamas says it attacked US bank Wells Fargo in reaction to the video 'Innocence of Muslims' posted on YouTube
September 25, 2012 25 Sep'12
Security concerns hold back mobile banking adoption

More than two-thirds of smartphone owners have not yet adopted mobile banking apps because of security concerns, a survey has revealed
September 18, 2012 18 Sep'12
Microsoft investigates IE zero-day flaw

Microsoft says it is investigating reports of a vulnerability in Internet Explorer 6, 7, 8, and 9
September 17, 2012 17 Sep'12
IT security awareness needs to be company-wide, says (ISC)²

Information security awareness needs to be more robust, started as early as possible, continually reinforced and organisation-wide, says Julie Peeler, director, (ISC)² Foundation
September 11, 2012 11 Sep'12
Skills shortage means no unemployment in IT security, says (ISC)2

Zero unemployment in IT security shows a huge shortage of skills in the profession, says Hord Tipton, executive director of (ISC)2
September 11, 2012 11 Sep'12
Allianz signs deal for customer database technology

Insurance company Allianz has signed a deal for a database system it expects will create millions in sales by creating a single customer view (SCV)
September 10, 2012 10 Sep'12
Bank of England hires 145 IT staff for Prudential Regulatory Authority

The Bank of England is to hire 145 IT staff for its new financial services regulatory body, the Prudential Regulatory Authority (PRA)
September 07, 2012 07 Sep'12
UK cookie law compliance mixed, study finds

Three months after the enforcement of the cookie law, only 12% of UK websites have prominent privacy notices and robust cookie controls, a study shows
September 06, 2012 06 Sep'12
FSA demands review of RBS software failure

The Financial Services Authority (FSA) wants to know how banks plan to prevent a repeat of the Royal Bank of Scotland’s (RBS) software glitch
September 03, 2012 03 Sep'12
Powerful cyber attack tools widely available, say researchers

More low-level cyber criminals are getting access to sophisticated attack tools, say cyber intelligence specialists
August 31, 2012 31 Aug'12
Businesses worldwide fail to prepare for cyber threats, says Kaspersky Lab

Companies around the world have failed to address cyber threats, according to a survey from security organisation Kaspersky Lab
August 24, 2012 24 Aug'12
VMware users can protect against virtual machine malware, says Trend Micro

New malware that attacks VMware virtual machines is no cause for undue concern, but users can take basic steps to protect data, says Trend Micro
August 22, 2012 22 Aug'12
Dell expects tough next quarter

Dell expects third-quarter revenue to be down between 2% and 5% on second-quarter levels due to the “uncertain economic environment”
August 21, 2012 21 Aug'12
At least 9 out of 10 top mobile apps hacked, study shows

An average of 96% of the top 100 paid mobile apps have been hacked, a study has revealed
August 21, 2012 21 Aug'12
Interview: David Weymouth, operations director at RSA

David Weymouth, group director of operations and risk at insurance giant RSA, talks to Computer Weekly about the key changes affecting finance technology, and why government intervention to force an overhaul of banks’ IT systems would not work
August 06, 2012 06 Aug'12
Regulators must force banks to overhaul IT infrastructure

Regulators must force banks to overhaul complex IT infrastructures which risk causing further large-scale system outages, says IT trade body Intellect
August 06, 2012 06 Aug'12
LinkedIn data breach costs more than $1m

LinkedIn says the forensic investigation and other recovery costs of the data breach in June could have topped $1m.
August 03, 2012 03 Aug'12
RBS computer problem costs £125m

Royal Bank of Scotland will pay £125m in costs related to computer problems in June that meant customers could not access funds
July 31, 2012 31 Jul'12
Cyber threats affect banks worldwide

Nearly a quarter of the world's banks were hit by security breaches in the past year, a study shows
July 27, 2012 27 Jul'12
Twitter users targeted by Blackhole malware

Twitter users are being targeted by tweets containing malicious links that claim recipients are pictured in an online photo
July 26, 2012 26 Jul'12
Nationwide customers see payments taken out twice

Payments made by customers of Nationwide were taken twice after human error at the bank duplicated the process
July 26, 2012 26 Jul'12
NatWest customers hit by further online banking issues

NatWest credit and debit card transactions are not working and online banking is suffering an outage
July 26, 2012 26 Jul'12
SQL injection attacks rise sharply in second quarter of 2012

SQL injection (SQLi) attacks were up 69% in the second quarter of 2012 compared with the previous quarter, warns cloud hosting firm FireHost
July 26, 2012 26 Jul'12
Australian telco AAPT confirms Anonymous data breach

Australian telecoms firm AAPT confirms business customer data was breached by hacktivist group Anonymous at an external service provider
July 24, 2012 24 Jul'12
Nationwide hits major milestone in £1bn IT transformation

Nationwide has reached a major milestone in its five-year technology transformation project with the roll-out of a mortgage system to its branches
July 19, 2012 19 Jul'12
Many global firms unaware of online risk, finds KPMG

Many global organisations could do a lot more to protect their private data and reduce exposure to attacks by hackers, according to KPMG
July 19, 2012 19 Jul'12
Security researchers join forces to bring down Grum botnet

Security researchers have collaborated to take down Grum, the world’s third-largest botnet of hijacked computers
July 18, 2012 18 Jul'12
Microsoft faces substantial EC fine over browser rules breach

Microsoft faces a large fine for failing to offer Windows users a choice of web browser despite apologising to the European Commission (EC)
July 16, 2012 16 Jul'12
Sophos combines endpoint security and UTM

Security firm Sophos combines endpoint protection and unified threat management (UTM) products into a single physical or virtual appliance
July 16, 2012 16 Jul'12
Olympics media centre set to become datacentre

The Olympics media centre looks set to become a datacentre after the London 2012 Games, with technology company iCITY one of two remaining bidders
July 13, 2012 13 Jul'12
The most influential women in UK IT

Computer Weekly is pleased to announce the first ever list of the most influential women in UK IT
July 09, 2012 09 Jul'12
Google Android OS Trojan virus hits 100K devices in China

Trojan malware has hit 100,000 devices using the Google Android operating system (OS) in China, say security researchers
July 06, 2012 06 Jul'12
Virus could cut 20,000 UK computers from web on Monday, FBI warns

The DNS Changer virus could cause 20,000 computers in the UK – of 350,000 worldwide - to lose web access on 9 July, the FBI has warned
June 27, 2012 27 Jun'12
White House cyber security coordinator Howard Schmidt joins Qualys

Former White House cyber security coordinator Howard Schmidt is to join the board of security and compliance company Qualys