News

IT for financial services

December 12, 2012 12 Dec'12
Low-level tasks eat up 30% of IT departments' time, report reveals

IT departments spend 30% of their time carrying out basic tasks and are growing frustrated with the lack of time available to focus on transformational work
December 10, 2012 10 Dec'12
UK CIOs see EU regulation as key

A third of UK CIOs are more concerned with EU regulation, such as the data protection directive, than their own local laws, a study has revealed.
December 07, 2012 07 Dec'12
UK government jobs website exploited by hackers

Hackers have been able to exploit security flaws in a new government jobs website to steal personal information about job applicants
December 04, 2012 04 Dec'12
iPads get IT into the boardroom

Deutsche Börse, Standard Life and Resolution are three finance firms that have transformed board meetings using Apple iPads

November 27, 2012 27 Nov'12
Zero-day exploit for Yahoo Mail goes on sale

Hacker sells $700 zero-day exploit for Yahoo Mail that allows attacker to use cross-site scripting vulnerability to steal cookies and hijack accounts
November 26, 2012 26 Nov'12
Security needs to be integral part of life, says McAfee

The world is becoming increasingly connected and security and privacy are integral to modern society, says Raj Samani, CTO of McAfee Europe
November 26, 2012 26 Nov'12
Ineffective computer system missed £1.4bn UBS fraud

The £1.4bn losses caused by a rogue trader at UBS could have been avoided, according to the Financial Services Authority (FSA)
November 26, 2012 26 Nov'12
Competing firms jockey for position in mobile payments gold rush

While mobile payments is still in its infancy, the promise of the rewards is substantial and competition for market dominance is gathering pace
November 23, 2012 23 Nov'12
Barclays Bank to give thousands of staff iPads

Barclays is rolling out 8,500 Apple iPads across branches to improve interaction with customers
November 22, 2012 22 Nov'12
UKtech50 2012 - The most influential people in UK IT

Computer Weekly has announced the third UKtech50, our annual definitive list of the real movers and shakers in UK IT

November 19, 2012 19 Nov'12
Cyber criminals target Skype, Facebook and Windows users

Cyber criminals targeted users of Skype, Facebook and Windows using multiple Blackhole exploits in October, according to security firm GFI Software
November 16, 2012 16 Nov'12
London Stock Exchange technology sales up

The growth of the London Stock Exchange’s MillenniumIT software has outstripped the wider business, with a 19% increase in sales of its trading software
November 16, 2012 16 Nov'12
Nasa to encrypt data after latest breach

Nasa is to encrypt all its mobile computers after the loss of a laptop containing personal information about more than 10,000 staff
November 13, 2012 13 Nov'12
Many UK firms underestimate cost of data breaches, study finds

Many UK organisations are still failing to understand the implications and costs of data breaches, a study has revealed
November 12, 2012 12 Nov'12
Hacking attempts to top one billion in Q4, predicts NCC Group

One billion hacking attempts will be made globally in the final quarter of 2012, according to information assurance firm NCC Group
November 09, 2012 09 Nov'12
Twitter apologises for unnecessary hacking warnings

Twitter has apologised after telling members their accounts had been hacked and forcing them to reset their passwords
November 09, 2012 09 Nov'12
Stuxnet hit Chevron’s systems, the energy giant admits

US energy giant Chevron has revealed that it was hit by the Stuxnet virus in 2010
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.