News
IT for financial services
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December 13, 2022
13
Dec'22
The nature of the CISO role will be in flux in 2023
As cyber risk outpaces organisational defences, and cyber attacks and breaches cause more and more damage, the nature of the CISO role is entering a state of flux, according to a report
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December 09, 2022
09
Dec'22
Iranian APT seen exploiting GitHub repository as C2 mechanism
A subgroup of the Iran-linked Cobalt Mirage APT group has been caught taking advantage of the GitHub open source project as a means to operate its latest custom malware
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December 09, 2022
09
Dec'22
Digital bank to recruit 1,000 tech experts in Manchester
App-based bank Starling is adding 1,000 people to its workforce with technology professionals being recruited for its new operation in Manchester
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December 08, 2022
08
Dec'22
Consumers to get new protections against dodgy apps
Government’s new code of practice will impose new privacy and security measures on app store operators and developers
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December 08, 2022
08
Dec'22
Apple to tap third party for physical security keys
Apple is launching a number of new security protections, including the addition of third-party-provided hardware security keys
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December 07, 2022
07
Dec'22
Deutsche Bank powers new banking apps with Nvidia AI acceleration
The bank is looking at how AI acceleration can process financial texts, accelerate risk analysis and support its plans for the metaverse
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December 06, 2022
06
Dec'22
Don’t become an unwitting tool in Russia’s cyber war
Researchers have turned up evidence that enterprise networks are being co-opted by Russian threat actors to launch attacks against targets in Ukraine. How can you avoid becoming an unwitting tool in a state-backed attack?
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December 05, 2022
05
Dec'22
Fake investment ads persist on Meta’s social networks
Online adverts for investment scams relating to property and crypto assets are still getting past measures designed to stop them
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December 02, 2022
02
Dec'22
Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told
The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears
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November 30, 2022
30
Nov'22
Latest LockBit ransomware versions have wormable capabilities
Sophos researchers have reverse-engineered the Lockbit 3.0 ransomware, shedding new light on its evolving capabilities and firming up links with BlackMatter
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November 28, 2022
28
Nov'22
CIO interview: David Charnley, head of transformation and strategy, NatWest Group
Data is at the heart of the banking giant’s push to improve customer experience – and to enhance its environmental credentials
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November 25, 2022
25
Nov'22
Data management, backup becoming the CISO's responsibility
More and more CISOs are taking on responsibility for wider data management strategies, and this trend looks set to grow next year
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November 23, 2022
23
Nov'22
UK police arrest 120 in largest-ever cyber fraud crackdown
The administrator and more than 100 users of the iSpoof.cc cyber fraud website have been arrested in a major counter-fraud operation led by the Metropolitan Police
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November 23, 2022
23
Nov'22
South Korea data adequacy pact brings £15m Brexit bonus
UK government finalises a data adequacy agreement with South Korea, saying it will unlock a post-Brexit business bonus of just under £15m
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November 22, 2022
22
Nov'22
Ducktail spins new tales to hijack Facebook Business accounts
The increasingly active Ducktail cyber crime operation is refining its operations, seeking new methods to compromise its victims’ Facebook Business accounts
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November 22, 2022
22
Nov'22
Killnet DDoS hacktivists target Royal Family and others
Russia-aligned hacktivists targeted multiple UK websites, including those of the Royal Family, in a new campaign of DDoS attacks
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November 22, 2022
22
Nov'22
C-suite mystified by cyber security jargon
Malware, supply chain attack, zero-day, IoC, TTP and Mitre ATT&CK are just some of the everyday terms that security pros use that risk making the world of cyber incomprehensible to outsiders
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November 18, 2022
18
Nov'22
Is Elon Musk’s Twitter safe, and should you stop using it?
With a litany of security and compliance issues exposed and in many cases caused by Elon Musk’s takeover of social media platform Twitter, some may be asking if it’s still safe or appropriate to use
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November 17, 2022
17
Nov'22
Brexit deregulation will make UK next Silicon Valley, vows Hunt
Chancellor vows to revolutionise how the IT industry is regulated to spur competition, investment and innovation in a technological ‘Big Bang’
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November 17, 2022
17
Nov'22
Another Log4Shell warning after Iranian attack on US government
The breach of a US federal body by an Iranian threat actor exploiting the Adobe Log4j Log4Shell vulnerability has prompted a fresh flurry of patching
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November 16, 2022
16
Nov'22
Global network fragmentation a source of increasing risk
Risk consultancy’s report says the weaponisation of cyber space and geopolitical clashes herald a breakdown of global networks into distinct regional or national architectures
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November 15, 2022
15
Nov'22
TikTok influencers are better than finance firms for money advice, say quarter of young adults
Young people are turning to TikTok-based influencers for advice on how to manage their finances and where to bank
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November 15, 2022
15
Nov'22
APP fraud volumes expected to double by 2026, says report
Losses to authorised push payment fraud in the UK are expected to climb to over $1.5bn in the next four years. Meanwhile, the NAO accuses the Home Office of lagging on progress to tackle the issue
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November 14, 2022
14
Nov'22
CaixaBank robot answers the most customer questions
AI-based virtual assistant at Spanish bank is now used by over four million customers
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November 11, 2022
11
Nov'22
Volume of self-reported breaches to ICO jumps 30%
The number of self-reported breaches to the UK’s Information Commissioner’s Office soared by nearly 30% in the 12 months to 30 June 2022
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November 09, 2022
09
Nov'22
Microsoft serves smorgasbord of six zero-days
November’s Patch Tuesday fixes significantly fewer vulnerabilities of late, but includes six actively-exploited zero-days, three of them of critical severity
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November 04, 2022
04
Nov'22
Microsoft: Nation-state cyber attacks became increasingly destructive in 2022
The willingness of nation-state actors to conduct destructive cyber attacks is a source of grave concern, as Microsoft’s latest annual Digital Defence Report lays bare
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November 03, 2022
03
Nov'22
Microsoft pledges $100m in new IT support for Ukraine
Microsoft will continue to offer free-of-charge technology support to Ukraine for the foreseeable future
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November 01, 2022
01
Nov'22
A third of UK cyber leaders want to quit, report says
Nearly a third of UK security leaders are considering leaving their current role, and more than half are struggling to keep on top of their workload
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October 31, 2022
31
Oct'22
Prepare today for potentially high-impact OpenSSL bug
OpenSSL trailed a critical vulnerability patch last week, which will be only the second such flaw ever found in the open source encryption project. Unfortunately, the first was Heartbleed
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October 27, 2022
27
Oct'22
LinkedIn adds new features to safeguard user privacy, security
Social media platform is adding a number of features and systems designed to protect legitimate users from inauthentic profiles and activity
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October 27, 2022
27
Oct'22
Santander calls for cooperation to tackle APP fraud
New report puts forward key recommendations that the banking sector, government and other industries could take to tackle authorised push payment fraud
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October 25, 2022
25
Oct'22
Apple patches new iPhone zero-day
Apple’s latest patch fixes yet another zero-day, as security issues keep surfacing in its mobile products
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October 25, 2022
25
Oct'22
UK finance regulator investigates big tech finance threats and benefits
The UK financial services regulator is gathering information about the benefits and targets of big tech firms offering financial services
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October 25, 2022
25
Oct'22
Digital-first businesses more willing to accept some fraud
Companies founded in the past 20 years appear more willing to accept higher levels of fraudulent activity during the customer onboarding process, according to a report
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October 24, 2022
24
Oct'22
Half of staff might quit after a cyber attack, report says
Findings from a survey of CISOs, IT leaders and staffers reveal how experiencing a cyber incident may take a larger-than-thought toll on employee retention
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October 21, 2022
21
Oct'22
HSBC chooses Oracle Exadata Cloud@Customer service to underpin digital
Bank selects Oracle’s Cloud@Customer service to upgrade and migrate some of its database systems as part of its digital transformation
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October 21, 2022
21
Oct'22
Ukrainian and UK IT sectors to deepen collaboration, partnerships
BCS, the Chartered Institute for IT, and the IT Ukraine Association have signed an MoU to deepen collaboration between the UK and Ukrainian IT sectors, and champion new partnerships and growth opportunities
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October 20, 2022
20
Oct'22
Cyber professional shortfall hits 3.4 million
Shortage of cyber security professionals continues to grow and shows no signs of abating, says report
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October 20, 2022
20
Oct'22
NatWest data breach whistleblower demands bank pay data controller fee to ICO
Whistleblower calls for NatWest to pay the Information Commissioner’s Office annual data controller fee, as the personal details of 1,600 current and former NatWest customers remain under her bed
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October 19, 2022
19
Oct'22
Lloyds Bank launches innovation sandbox
Banking group establishes a sandbox where fintechs can build and test applications for Lloyds
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October 19, 2022
19
Oct'22
Treat cyber crime as a ‘strategic threat’, UK businesses told
The government’s new National Cyber Advisory Board aims to help elevate cyber discussion and spur action in the business community
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October 14, 2022
14
Oct'22
Office 365 email encryption flaw could pose risk to user privacy
A vulnerability in Microsoft Office 365 Message Encryption could leave the contents of emails dangerously exposed, but with no fix coming it’s up to users to decide how at risk they are
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October 12, 2022
12
Oct'22
Finance regulator cracks down on use of messaging apps
The Financial Conduct Authority is taking a closer look at how staff at banks are using WhatsApp in work
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October 12, 2022
12
Oct'22
NCSC urges organisations to secure supply chains
NCSC’s latest guidance package centres supply chain security, helping medium to large organisations assess and mitigate cyber risks from suppliers
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October 12, 2022
12
Oct'22
Santander and Google offer tech to help businesses smooth move to cloud
Dual Run service from Google will be built on top of Santander technology known as Gravity
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October 06, 2022
06
Oct'22
SMEs in Europe ready to invest in real-time payment capabilities
Small and medium-sized enterprises are losing business because of the time it takes to receive payments, with many considering API-based services to address the problem
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October 06, 2022
06
Oct'22
JPMorgan’s UK digital bank app outage locks customers out
App-based Chase Bank suffered tech outage that left customers unable to access its services
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October 04, 2022
04
Oct'22
Next phase of open banking already gathering pace
Open banking has had a major impact on the banking industry as finance forms harness data to provide better services, but the next phase of open finance promises even more
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September 30, 2022
30
Sep'22
Interview: Rachel Hilliam, chair, Alliance for Data Science Professionals
Rachel Hilliam talks about the origins, mission and future plans for the Alliance for Data Science Professionals