News

IT for financial services

• July 12, 2024 12 Jul'24

  Public awareness of ID security grows, but big obstacles remain

  Consumers are improving their awareness of the issues around digital identity security, but there are still some big issues preventing many from doing better, according to an Okta report

• July 11, 2024 11 Jul'24

  Dutch research firm TNO pictures the SOC of the future

  In only a few years, security operations centres will have a different design and layout, and far fewer will remain

• July 10, 2024 10 Jul'24

  Setting the high bar in digital transformation

  Roel Louwhoff, Standard Chartered’s chief transformation, technology and operations officer, outlines what it takes for the company to become a client-focused, data-driven bank

• July 09, 2024 09 Jul'24

  Hyper-V zero-day stands out on a busy Patch Tuesday

  Microsoft has fixed almost 140 vulnerabilities in its latest monthly update, with a Hyper-V zero-day singled out for urgent attention

• July 09, 2024 09 Jul'24

  Chinese spies target vulnerable home office kit to run cyber attacks

  China’s APT40 is ramping up targeting of victims using vulnerable small and home office networking kit as command and control infrastructure, according to an international alert

• July 09, 2024 09 Jul'24

  Room to grow in UK for Tata Consultancy Services after half a century

  Indian-headquartered IT giant has built a large UK footprint as part of its global network, a commitment which is helping it increase its business in the UK’s public sector

• July 03, 2024 03 Jul'24

  NCA’s Operation Morpheus targets illicit Cobalt Strike use

  International law enforcement operation targets cyber criminals using the Cobalt Strike penetration testing framework for dodgy purposes

• July 02, 2024 02 Jul'24

  Nordic banks pursue AI in battle with digital competitors

  Traditional Nordic banks are raising their investments in artificial intelligence to help them retain market share in increasingly populated sector

• June 27, 2024 27 Jun'24

  UKtech50 2024: The most influential people in UK technology

  Computer Weekly has announced the 14th annual UKtech50 – our definitive list of the movers and shakers in the UK tech sector

• June 13, 2024 13 Jun'24

  Black Basta ransomware crew may be exploiting Microsoft zero-day

  A Microsoft vulnerability that was addressed without fanfare in March may in fact have been exploited as a zero-day by the notorious Black Basta ransomware gang, threat hunters warn

• June 13, 2024 13 Jun'24

  Q&A: Adalbjorn Thorolfsson on IT project management in Iceland

  With a small, but very sophisticated population, Iceland has unique ways of keeping up with the rest of the world in the IT sector. Adalbjorn Thorolfsson, president of the Icelandic Project Management Association, describes some lessons for the rest...

• June 12, 2024 12 Jun'24

  Nordic innovators look to revive the zombie subscriber population

  Zombie subscriptions where customers buy a service and forget about it are harming the subscription economy, but software is being developed to support the subscription economy

• June 11, 2024 11 Jun'24

  Pure Storage hit by Snowflake credential hackers

  Pure Storage emerges as the latest victim of a fast-spreading breach of Snowflake customers targeting users with lax credential security measures in place

• June 11, 2024 11 Jun'24

  More than 160 Snowflake customers hit in targeted data theft spree

  Mandiant reports that more than 160 Snowflake customers have been hit in a broad data theft and extortion campaign targeting organisations that have failed to pay proper attention to securing valuable credentials

• June 11, 2024 11 Jun'24

  Cobol knowledge crisis threatens Dutch financial systems

  Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work

• June 07, 2024 07 Jun'24

  Rapid AI development poses supervisory challenges in the Netherlands

  In the Netherlands, the financial regulator and the monetary authority are grappling with the pace of artificial intelligence development and its implications for the financial industry

• June 05, 2024 05 Jun'24

  Executive interview: Richard Wazacz, CEO, Travelex

  The data-savvy chief executive is rebuilding Travelex as an omnichannel, digital business after the company foundered during the pandemic

• June 03, 2024 03 Jun'24

  97 FTSE 100 firms exposed to supply chain breaches

  Between March 2023 and March 2024, 97 out of 100 companies on the UK’s FTSE 100 list were put at risk of compromise following supply chain breaches at third-party suppliers

• June 03, 2024 03 Jun'24

  Major breaches allegedly caused by unsecured Snowflake accounts

  Significant data breaches at Ticketmaster and Santander appear to have been orchestrated through careful targeting of the victims’ Snowflake cloud data management accounts

• June 03, 2024 03 Jun'24

  Uktech50 2024: The longlist of the UK’s influential tech leaders

  UKtech50 received a record-breaking 434 nominations for the 2024 list. Unfortunately, there wasn’t space for everyone in the top 50, and as you can see for yourself in this year’s longlist, it was a difficult decision for the judges

• May 30, 2024 30 May'24

  FWD teams up with AWS on cloud

  The pan-Asian insurer plans to host its core applications on AWS in a five-year agreement that comes on the heels of an earlier deal with Microsoft to tap Azure cloud and AI services

• May 29, 2024 29 May'24

  Organisations value digital trust, but aren’t working at it

  Three quarters of organisations believe digital trust is relevant to their businesses, yet clear gaps in strategies still seem to persist

• May 28, 2024 28 May'24

  Executive Interview: Why Dell wants to be your one-stop AI shop

  At Dell Technologies World in Las Vegas, artificial intelligence was the talk of the town as Dell staked out an all-encompassing strategy ahead of an anticipated goldrush. Dell’s Nick Brackney explains why the tech giant believes it's onto a winner

• May 24, 2024 24 May'24

  UKtech50 2024: Vote for the most influential person in UK IT

  Our judges have selected the top 50 leaders from a shortlist of more than 400 people – now it’s your chance to tell us who you think is the most influential person in UK technology

• May 16, 2024 16 May'24

  HMRC channel shift to digital ‘too aggressive’, says NAO

  HMRC digital services have not had the anticipated effect on customer service it hoped for, NAO report reveals, as the auditor says the department needs to develop more realistic plans

• May 15, 2024 15 May'24

  Critical SharePoint, Qakbot-linked flaws focus of May Patch Tuesday

  A critical SharePoint vulnerability warrants attention this month, but it is another flaw that seems to be linked to the infamous Qakbot malware that is drawing attention

• May 14, 2024 14 May'24

  CyberUK 24: UK insurance industry gets tough on ransomware

  Three of the UK’s largest insurance associations have signed on to a new initiative spearheaded by the NCSC to try to bring down the number of ransomware payments being made

• May 09, 2024 09 May'24

  Cyber attack victims need to speak up, says ICO

  The Information Commissioner’s Office is urging organisations to be transparent and learn from each other’s mistakes as it reveals most of the cyber attacks it responds to stem from the same core errors

• May 01, 2024 01 May'24

  EMEA CISOs must address human factors behind cyber incidents

  The 17th annual Verizon report on data breaches makes for sobering reading for security pros, urging them to do more to address the human factors involved in cyber incidents, and highlighting ongoing issues with zero-day patching

• May 01, 2024 01 May'24

  Secure coding benchmark to increase standards among developers

  Developer security advocate Secure Code Warrior has launched what it claims is the industry’s first benchmark designed to quantify the security competence of its customers’ software developer teams

• May 01, 2024 01 May'24

  DWP anti-fraud measures will allow monitoring of bank accounts of landlords, carers and parents

  Parliamentarians raise concerns that a proposed law to require banks to monitor the accounts of millions of people receiving state benefits could lead to those on welfare being denied accommodation or bank accounts

• April 22, 2024 22 Apr'24

  IT leaders hiring CISOs aplenty, but don’t fully understand the role

  Most businesses now have a CISO, but perceptions of what CISOs are supposed to do, and confusion over the value they offer, may be holding back harmonious relations, according to a report

• April 18, 2024 18 Apr'24

  International police operation infiltrates LabHost phishing website used by thousands of criminals

  The Metropolitan Police working with international police forces have shut down LabHost, a phishing-as-a-service website that has claimed 70,000 victims in the UK

• April 18, 2024 18 Apr'24

  Lords to challenge controversial DWP benefits bank account surveillance powers

  Members of the House of Lords are pressing for amendments to the Data Protection and Digital Information Bill following concerns over government powers to monitor the bank accounts of people receiving benefits

• April 16, 2024 16 Apr'24

  CISOs not yet convinced to invest in AI

  CISOs say their eyes are fixed firmly on threats like ransomware and supply chain attacks, and while AI is becoming a threat that needs to be dealt with, it’s not yet an immediate spending priority

• April 16, 2024 16 Apr'24

  CW Innovation Awards: Gleaning data insights with AI

  Hong Kong-based Citic Telecom CPC has built a data platform that leverages large language models to generate insights and speed up data retrieval and analysis

• April 16, 2024 16 Apr'24

  CW Innovation Awards: Making AI pervasive

  DBS Bank’s AI Industrialisation Programme has been instrumental in industrialising the use of data and artificial intelligence across its business, resulting in over S$370m of incremental economic benefits

• April 15, 2024 15 Apr'24

  Nib shutters last datacentre, moves most workloads to AWS

  The Australian health and travel insurance provider has closed the last of its seven datacentres, marking the end of its nine-year cloud migration programme

• April 09, 2024 09 Apr'24

  UK plc failing on multiple cyber measures

  Government report shows 50% of businesses and 32% of charities reported a cyber attack or breach in the past 12 months and organisations across the UK are failing on multiple cyber measures

• April 03, 2024 03 Apr'24

  RDP abused in over 90% of cyber attacks, Sophos finds

  Threat actors continue to see great success using simple, tried and tested methods, and many defenders are failing to do the basics

• March 29, 2024 29 Mar'24

  Organisations getting better at spotting identity fraud

  As the barriers to committing identity fraud continue to drop, organisations should consider more sophisticated technical measures to successfully up their game, according to a report

• March 27, 2024 27 Mar'24

  Cyber spies, not cyber criminals, behind most zero-day exploitation

  Analysis from Google has found that zero-day vulnerabilities are much more heavily exploited for espionage purposes than for financially motivated cyber crime

• March 26, 2024 26 Mar'24

  Shareholders win when businesses do better at cyber

  The more advanced a company’s cyber security performance, and the more engaged its board is with security issues, the greater the return for shareholders, a report has found

• March 25, 2024 25 Mar'24

  Which? calls for government action on fake banking sites

  Amid high volumes of spoofed, fraudulent banking websites, Which? is calling for the government to implement new legal obligations for domain registrars

• March 22, 2024 22 Mar'24

  Nationwide building society falls victim to IT outage

  Nationwide joins McDonald’s, Greggs, Sainsbury’s and Tesco as the fifth major high street name to experience an IT service outage in the space of a week

• March 21, 2024 21 Mar'24

  NCSC guidance to help CEOs work through cyber incidents

  The NCSC has published in-depth guidance on how business leaders should respond to a cyber attack or data breach. Learn about some of the key steps you will need to follow

• March 20, 2024 20 Mar'24

  UK’s cyber resilience stagnates as more fall victim to attacks

  The government is calling on businesses to ramp up their cyber protections as study shows improvements to resilience are stagnating amid an ever-growing volume of attacks

• March 18, 2024 18 Mar'24

  The Security Interviews: Alex Yampolskiy, SecurityScorecard

  Alex Yampolskiy conceived the idea for risk management specialist SecurityScorecard after getting stung by a SaaS supplier that was being cavalier with its customer data. He tells his story to Computer Weekly

• March 17, 2024 17 Mar'24

  UK’s AI ambitions pointless while cyber security is still neglected

  The UK’s AI ambitions may be at considerable risk without stronger cyber defences across the private and public sectors

• March 13, 2024 13 Mar'24

  Microsoft AI-powered cyber service to go live in April

  After a year being previewed by beta customers, Microsoft’s much vaunted Copilot for Security service is about to go on general release, promising time savings and improved accuracy for hard-pressed security pros