News

IT for financial services

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
June 27, 2012 27 Jun'12
Network security: Is new technology bypassing traditional controls?

Network security practices are among the most mature, but can businesses be sure network traffic is not sneaking past traditional controls?
June 27, 2012 27 Jun'12
RBS set to sue supplier CA Technologies for software failure

Reports claim RBS is gearing up for legal action against US software supplier CA Technologies over the technical fault that crashed accounts
June 27, 2012 27 Jun'12
FTC sues Wyndham Worldwide hotel group over data breaches

The US Federal Trade Commission (FTC) is suing hotel group Wyndham Worldwide over claims it failed to secure customer data
June 27, 2012 27 Jun'12
Six arrested in the UK in worldwide FBI-led credit card data sting

Six people in the UK and 12 in the US arrested in an FBI-led sting operation that netted a total of 24 credit card cyber fraudsters in 13 countries
June 22, 2012 22 Jun'12
Software glitch to blame for RBS and NatWest online banking outages

The software glitch behind the outages at RBS and NatWest banks could carry on through the weekend, preventing cutomers from buying online
June 22, 2012 22 Jun'12
RBS and NatWest face second day of outages

Account balances still fail to update for RBS and NatWest customers as the banks go into their second day of technical issues
June 21, 2012 21 Jun'12
RBS and NatWest online services unavailable

Some Royal Bank of Scotland (RBS) and NatWest Bank customers cannot access online services as the banking group experiences a computer problem.
June 21, 2012 21 Jun'12
Banks break with in-house software in move to commercial systems

Increased regulation, reduced profits and customer demands are driving banks to replace home-grown software with off-the-shelf alternatives
June 18, 2012 18 Jun'12
Asian scientists call for government action on supercomputers

Scientists in India, China, Japan, Korea and India have called on their governments to collaborate on supercomputer technology
June 12, 2012 12 Jun'12
2012: Will this be the year TPM finally comes of age?

Will 2012 be the year that TPM finally delivers on its potential to provide a hardware-based "root of trust" for enterprise information security?
June 11, 2012 11 Jun'12
Flame malware gets kill command

The controllers of Flame, the most powerful cyber weapon discovered to date, have recently sent a kill command that removes the malware from some infected computers
June 11, 2012 11 Jun'12
UK technology sector gets financial support

A US hi-tech investment bank with $20bn in assets has opened its first UK branch offering banking and loan services to the technology industry
June 08, 2012 08 Jun'12
eHarmony, Last.fm join LinkedIn with password leaks

Online dating site eHarmony and Last.fm have joined LinkedIn with password leaks, as hackers focus on social networks
June 08, 2012 08 Jun'12
Apple faces £1.43m fine in Australian 4G iPad case

Apple has agreed to pay a £1.43m fine for misleading Australians about the 4G capacity of its latest iPad in a case brought by the national consumer watchdog
June 07, 2012 07 Jun'12
Nasdaq offers $40m compensation for Facebook confusion

The Nasdaq stock exchange in New York is to pay $40m compensation for technical problems that caused confusion on Facebook's first day of share trading
June 06, 2012 06 Jun'12
Top 10 tips for IPv6 security

Many organisations are being misled about the complexities surrounding IPv6 security, according to security firm Stonesoft
June 06, 2012 06 Jun'12
Majority of UK websites fail to comply with cookie law

Most UK websites are not yet compliant with the newly enforced cookie law, a study has revealed
June 01, 2012 01 Jun'12
Former MI5 boss loses laptop

The former boss of the UK's MI5 security service has caused a security scare by losing her laptop at Heathrow.
May 30, 2012 30 May'12
Post Office rolls out NFC contactless payments

The postal company will deploy 300,000 contactless payment terminals across 11,500 Post Offices, making it the largest roll-out of the technology in Europe
May 28, 2012 28 May'12
Security researchers discover powerful cyber espionage weapon 'Flame'

Security researchers have discovered a cyber espionage weapon, dubbed 'Flame', with a functionality greater than any other known threat