IT for financial services

DDN launches scale-out NAS GS7K GPFS product bundle

DataDirect Networks launches the GS7K, a pre-configured GPFS scale-out NAS/parallel file system storage product Continue Reading

Visa loses mobility director to Apple

Mary Carol Harris, former director of mobile for Visa Europe, has left the firm to take up a position at Apple Continue Reading

By

• Clare McDonald, Business Editor

Lloyds creates online appointment booking in attempt to save branches

Lloyds Bank has introduced a system which allows customers to book in-branch appointments online Continue Reading

By

• Clare McDonald, Business Editor

UKtech50 2014 - help us choose the 50 most influential people in UK IT

Computer Weekly is launching the fifth annual UKtech50, our definitive list of the movers and shakers in UK IT - tell us your nominations Continue Reading

By

• Bryan Glick, Editor in chief

Customer loyalty biggest challenge for banks

Banks have cited customer loyalty as their main concern, according to a survey by financial services firm Temenos Continue Reading

By

• Clare McDonald, Business Editor

Ransomware on the rise, warns cyber threat report

The first half of 2014 saw an increase in online attacks that lock up user data and hold it for ransom, reports F-Secure Labs Continue Reading

By

• Warwick Ashford, Senior analyst

Barclays bank launches biometric authentication

Barclays bank plans to launch biometric readers that read users' finger veins to authenticate customers Continue Reading

By

• Clare McDonald, Business Editor

Locking Russia out of Swift "unlikely and complicated", says analyst

A senior analyst at Celent has said cutting off Russia from Swift is unlikely to be effective Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UK wants Russia blocked from using financial messaging system

The UK is pushing for a ban on Russian businesses using the Society for Worldwide Interbank Financial Telecommunication (Swift) network as a sanction in reaction Russia’s role in the current crisis in Ukraine. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Former bank chief launches financial trading app

A trading social network on Apple’s App Store hopes to attract more than 100,000 consumer traders as members by the end of 2014 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Spanish bank spends €500m on contactless ATMs

CaixaBank has commissioned Fujitsu to build 8,500 ATMs that will be contactless Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banks slow to change despite growing competition

The banking sector faces major challenges in transforming IT to meet the digital needs of customers Continue Reading

Contactless payments continue to rise

Contactless transactions have increased by 189% since May 2013, according to Visa Europe. Continue Reading

By

• Clare McDonald, Business Editor

Fingerprint scanners most popular alternative to banking passwords

Fingerprint scanning technology is the most favoured biometric security alternative to passwords for UK bank customers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Bank of America: When software relationships turn sour

Tibco has filed a lawsuit alleging the Merrill Lynch division of Bank of America illegally used $300m of its software for a major IT project Continue Reading

By

• Cliff Saran, Managing Editor

System for seven-day bank account switching underused

The IT system that underpins government’s regulation of seven-day bank account switching is being underused Continue Reading

Total internet failure: are you prepared?

A total internet failure could stop any business in its tracks, yet few are preparing for this possibility, KPMG has warned Continue Reading

By

• Warwick Ashford, Senior analyst

Info sharing key to cyber defence, says financial services firm

Threat information sharing is key to success in combating cyber attacks, says the Depository Trust and Clearing Corporation Continue Reading

By

• Warwick Ashford, Senior analyst

UK leads international partnership to fight financial malware

The UK National Crime Agency is leading international collaboration between law enforcement and the private sector to fight bank theft malware Continue Reading

By

• Warwick Ashford, Senior analyst

Finance watchdog to investigate colocation services

The Financial Conduct Authority (FCA) is investigating colocation services Continue Reading

Why using voice biometrics is a good idea

Banks and other organisations are turning to voice biometrics, but why do they believe the technology is good idea? Continue Reading

By

• Warwick Ashford, Senior analyst

Smart light bulbs get security update

Smart light bulb maker LIFX has issued a firmware update after security researchers exposed a security weakness Continue Reading

By

• Warwick Ashford, Senior analyst

Barclays passes government’s ‘internet-born threat’ test

Barclays Bank has been awarded the government’s cyber security certificate for digital banking services after independent tests of services such as Pingit Continue Reading

Security Think Tank: The dos and don’ts of a good incident response plan

What does a good information security incident response plan look like? Continue Reading

By

• Tim Holman, 2-sec

Facebook apologises over psychological experiments

Facebook has apologised over the controversial psychological experiments carried out on 689,000 users without their consent in 2012 Continue Reading

By

• Warwick Ashford, Senior analyst

Industrial control systems increasingly under attack, says Kaspersky

Targeted attacks on industrial control systems take place on a regular and increasing basis, says Kaspersky Lab Continue Reading

By

• Warwick Ashford, Senior analyst

Facebook under fire over secret experiment on users

Facebook has come under fire for conducting a psychology experiment on 689,000 users without their consent Continue Reading

By

• Warwick Ashford, Senior analyst

Wearable tech must comply with privacy laws, warns ICO

Wearable technology must comply with UK data privacy laws, warns the ICO Continue Reading

By

• Warwick Ashford, Senior analyst

Google begins complying with European takedown requests

Google has begun removing search results in response to takedown requests from European citizens Continue Reading

By

• Warwick Ashford, Senior analyst

IFDS integrates UK and India service centres

International Financial Data Services has implemented software to balance workloads across UK and Indian delivery centres Continue Reading

Domino’s breach underlines value of personal data, say experts

The latest cyber breach to hit a high-profile brand underlines the high value of personal data, say security experts Continue Reading

By

• Warwick Ashford, Senior analyst

Technology key to secure document future, says UK Home Office

Physical security is just as important as digital security in documents such as passports, says UK Home Office Continue Reading

By

• Warwick Ashford, Senior analyst

Microsoft admits running out of IP addresses for Azure

Microsoft has assured US Azure customers data remains in the US, despite running out of US-registered IP addresses at times Continue Reading

By

• Warwick Ashford, Senior analyst

HSBC makes executives responsible for application consolidation

In the next few weeks, senior executives at HSBC globally will have KPIs to reduce the number of applications they run Continue Reading

By

• Cliff Saran, Managing Editor

Tesco Bank launches current account on off-the-shelf platform

Tesco has launched a current account four years after implementing its core banking platform Continue Reading

EE drives mobile phone deals with CRM software implementation

Mobile phone operator Everything Everywhere claims a 400% increase in phone deals after rolling out customer relationship management software Continue Reading

By

• Bill Goodwin, Investigations Editor

Turing Test 2014 marks historic milestone in artificial intelligence

A computer program has made history by passing the artificial intelligence test set by computer science pioneer Alan Turing Continue Reading

By

• Warwick Ashford, Senior analyst

Microsoft retaliates to China’s Windows 8 spying claims

Microsoft has launched a social media campaign against China’s claims that Windows 8 is being used for US spying Continue Reading

By

• Warwick Ashford, Senior analyst

CIOs should 'leave innovation to marketing'

CIOs should focus on managing the technical infrastructure and leave innovation to other parts of the business – conclusion of a major study. Continue Reading

By

• Bill Goodwin, Investigations Editor

Cyber threats hiding in plain sight, says Palo Alto Networks

Cyber attackers exploit commonly used business applications to bypass security controls, research shows Continue Reading

By

• Warwick Ashford, Senior analyst

UK shoe retailer Office hit by data breach

Data breach at UK shoe retailer Office prompts calls for online firms to beef up security around customer details Continue Reading

IT supplier insolvencies fall for first time as economy recovers

Technology companies have reached a turning point as insolvencies fall for the first time in 2014 Continue Reading

By

• Tim Wood and Henry Kirby

Google launches right-to-be-forgotten application form

Google has introduced an online application form for Europeans who want personal data to be removed from online search results Continue Reading

By

• Warwick Ashford, Senior analyst

CIO interview: Ian Cohen, CIO, Jardine Lloyd Thompson

Running a programme to transform the business is the wrong way to go about change, according to Ian Cohen, CIO at insurance broker JLT Continue Reading

By

• Cliff Saran, Managing Editor

Principles of compliance in the financial services industry

Compliance in financial services can appear a staggeringly complex web of laws and regulations, but some key principles apply, says Mathieu Gorge of Vigitrust Continue Reading

By

• Antony Adshead, Storage Editor

Android Outlook app has privacy issues, warn researchers

Microsoft’s Outlook.com app for Android is exposing users' data, warn security researchers Continue Reading

By

• Warwick Ashford, Senior analyst

eBay under fire over handling of data breach

eBay is coming under increasing criticism over its handling of the data breach that exposed millions of user records Continue Reading

By

• Warwick Ashford, Senior analyst

Case study: Bank of America and Nationwide use in-branch telepresence

Bank of America and Nationwide implement video conferencing technology to enable customers to speak to banking specialists Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

Tablet banking to quickly overtake mobile banking

The number of people in Europe banking on tablets will grow at twice the rate of those on mobile phones, with security concerns not a major driver Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

US cyber criminal jailed for 20 years

US authorities have jailed a cyber criminal for 20 years, for trading in stolen credit cards and identities Continue Reading

By

• Warwick Ashford, Senior analyst

Internet of things security is relevant to business, says researcher

Internet of things is relevant to enterprise information security professionals, says researcher Continue Reading

By

• Warwick Ashford, Senior analyst

Minnesota passes mobile kill switch law to stop theft

Minnesota has become the first US state to introduce legislation aimed at reducing the theft of smartphones Continue Reading

By

• Warwick Ashford, Senior analyst

Net neutrality under threat from US plan

The US telecoms regulator has approved proposals that opponents believe will quash the principle of net neutrality Continue Reading

By

• Warwick Ashford, Senior analyst

Orange data breach underlines need for encryption, say experts

The theft of 1.3 million customer records from Orange, France underlines the need for encryption, say experts Continue Reading

By

• Warwick Ashford, Senior analyst

Internet privacy could thwart data security, warns expert

Steps to improve online privacy could thwart data security, warns security expert Hugh Thompson Continue Reading

By

• Warwick Ashford, Senior analyst

The problems of legacy IT in banking

In this week’s Computer Weekly, as problems caused by legacy IT in banks become increasingly critical, we assess the difficulties in updating banking systems. After the Windows XP support issues – we look at a similar problem facing Oracle users. And we take an in-depth look at managing corporate networks to enable mobile IT. Read the issue now. Continue Reading

Co-operative Bank report reveals challenge of legacy IT replacement

A report into the £1.5bn losses at Co-operative Bank reveals numerous failures in a project to replace core banking systems Continue Reading

Infosec 2014: Threat knowledge is key to cyber security, say experts

Business should improve awareness of cyber risks to stay ahead of criminals, say experts Continue Reading

By

• Warwick Ashford, Senior analyst

Software developers suffer as IT companies endure rising insolvencies

Increase in the number of IT insolvencies expected as the economy improves Continue Reading

By

• Tim Wood and Henry Kirby

UK and Ireland cyber attacks up 300% in 2013, says FireEye

UK and Ireland enterprises were hit by an average of more than 70 new infections a day in 2013, a report shows Continue Reading

By

• Warwick Ashford, Senior analyst

Cyber threat detection paramount, says SANS fellow

Cyber threat prevention is ideal, but detection is a must, says Eric Cole, SANS Institute fellow Continue Reading

By

• Warwick Ashford, Senior analyst

Heartbleed prompts tech firms to pledge open-source support

Top tech firms have joined forces to support open-source software to help prevent future bugs like Heartbleed Continue Reading

By

• Warwick Ashford, Senior analyst

Facebook reports strong quarter driven by mobile ads

Facebook has beaten analyst expectations with first-quarter profits of $642m and revenues of $2.5bn, up 72% Continue Reading

By

• Warwick Ashford, Senior analyst

Co-op Bank plans to 'fix the fundamentals' and invest in IT

The Co-operative Bank intends to invest in IT systems following a troubled year Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

Microsoft halts Windows 8.1 update for businesses due to bug

Microsoft has suspended the Windows 8.1 update for business users because of a bug. Continue Reading

By

• Warwick Ashford, Senior analyst

TCG releases TPM 2 specification for improved security

The Trusted Computing Group has published an updated specification for the Trusted Platform Module Continue Reading

By

• Warwick Ashford, Senior analyst

Workday sees opportunity for cloud financial management in Europe

Workday plans to push cloud finance and accounting services to enterprise in Europe, but observers say its background in HR technology may prove an obstacle Continue Reading

By

• Bill Goodwin, Investigations Editor

RBS IT head Mike Errington retires

Royal Bank of Scotland (RBS) IT head Mike "Offshore Errington" is to retire after months of speculation during the bank's cost-cutting operation Continue Reading

Study alleges deeper NSA influence on RSA

RSA adopted a second NSA-developed encryption tool, increasing the agency's spying capabilities, a study claims Continue Reading

By

• Warwick Ashford, Senior analyst

UK update to copyright law imminent

The UK is to update its 1988 copyright law for the digital age in line with a nearly three-year-old review Continue Reading

By

• Warwick Ashford, Senior analyst

Google says government data requests are up 120% since 2009

Government requests for information about Google customers, have increased by 120% since 2009 Continue Reading

By

• Warwick Ashford, Senior analyst

Security an unnecessary expense, say one in six techies

One in six IT professionals see security as an unnecessary expense, a study has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Target data breach: Why UK business needs to pay attention

Late last year, US retailer Target was hit by one of the biggest data breaches in the industry's history. So what happened and why is it relevant to UK businesses? Continue Reading

By

• Lee Munson

Customer privacy an ongoing challenge, says Unilever

Unilever has set up a programme to address the continually evolving challenge of privacy issues relating to customer data Continue Reading

By

• Warwick Ashford, Senior analyst

Pirated software malware to cost business $491bn in 2014, study shows

Malware deliberately loaded into pirated or counterfeit software is expected cost enterprises $491bn in 2014 Continue Reading

By

• Warwick Ashford, Senior analyst

Firms urged to take tough action on Unix-based cyber attack

Security researchers have urged businesses to take action on a cyber criminal campaign that has seized control of 25,000+ Unix servers worldwide Continue Reading

By

• Warwick Ashford, Senior analyst

SMEs believes they are immune to cyber attack

Most SMEs believe they are not at real risk of cyber attack, a survey has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Hacktivism: good or evil?

IT lawyer Dai Davis looks at the rise of hacktivism and its impact on business and international politics Continue Reading

By

• Dai Davis, Percy Crow Davis & Co

More than 162,000 WordPress sites used in DDoS attack

Security researchers have uncovered a DDoS attack that used more than 162,000 legitimate and unwitting WordPress websites Continue Reading

By

• Warwick Ashford, Senior analyst

Tim Berners-Lee calls for internet users’ "bill of rights"

World Wide Web creator marks its 25th anniversary by calling for a “free, open and truly global internet” enshrined in a "bill of rights" Continue Reading

By

• Warwick Ashford, Senior analyst

Dark web key enabler for cyber criminals, say McAfee researchers

The dark web is a key conduit for the malware industry to refine and distribute its products and services, say security researchers Continue Reading

By

• Warwick Ashford, Senior analyst

RBS to tidy up systems mess

Royal Bank of Scotland (RBS) outlines plans to cut costs and improve customer services, slashing the number of IT systems in the process Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

MasterCard and Syniverse launch geolocation card verification service

MasterCard and Syniverse have launched a number of mobile and payment services for mobile users to use while travelling abroad Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

Microsoft takes aim at passwords

Microsoft says it is determined to solve the problem of ineffective authentication that relies on usernames and passwords Continue Reading

By

• Warwick Ashford, Senior analyst

Flexibility and integration drove NatWest Microsoft Dynamics migration

NatWest Business Banking selected Microsoft Dynamics CRM when it realised it needed full CRM capability Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banking with dinosaurs – the legacy IT crisis in financial services

In this week’s Computer Weekly, we examine the recent IT problems at high-street banks, and find out how outsourcing led to the loss of vital legacy IT skills. We ask what role wearable technology could have in enterprise IT. We take an in-depth look at the tools for using Microsoft Azure for building hybrid clouds. And we analyse the storage infrastructure challenges from introducing desktop virtualisation. Read the issue now. Continue Reading

Employee mobiles expose firms to attack, says Webroot

Employees mobile devices expose companies to malicious applications and attacks, according to the latest mobile threat report from Webroot Continue Reading

By

• Warwick Ashford, Senior analyst

UK firms see 1,000+ internal data breaches a day, study finds

Internal threats are not a high priority for UK firms despite more than 1,000 internal data breaches a day Continue Reading

By

• Warwick Ashford, Senior analyst

NHS England puts patient database on hold

NHS England is to delay by six months the roll-out of its controversial Care.data scheme for sharing patient records through a central database Continue Reading

By

• Warwick Ashford, Senior analyst

Cut Microsoft admin rights to mitigate 92% of threats, study shows

Removing Microsoft admin rights from employees mitigates 92% of critical vulnerabilities reported in 2013 Continue Reading

By

• Warwick Ashford, Senior analyst

Why IT outsourcing is increasingly blamed for IT failures at banks

Are the IT problems at UK banks caused by outsourcing or the use of decades-old mainframe technology – or is it a combination of the two? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Rights groups call on White House to open privacy review

A coalition of 25 rights groups is calling for a 90-day US government review of big data and the future of privacy to be opened up to the public Continue Reading

By

• Warwick Ashford, Senior analyst

UK among targets of 'Mask' advanced cyber espionage campaign

The UK has been hit more than 100 times in an advanced global cyber espionage campaign that has gone undetected for more than five years Continue Reading

By

• Warwick Ashford, Senior analyst

Barclays bank leaks thousands of customer records

Regulators investigate Barclays after a whistleblower claims the bank leaked 27,000 customer records Continue Reading

By

• Warwick Ashford, Senior analyst

Large internet companies could win insurance customers

Almost a quarter of consumers would consider large internet companies – such as Google and Amazon – as possible insurance providers. Continue Reading

UK critical infrastructure at risk of cyber attack, says IET report

UK critical national infrastructure is at risk of cyber attack, says a report by consultancy Atkins for the Institution of Engineering and Technology (IET) Continue Reading

Bank of England publishes Waking Shark II cyber security exercise results

Bank of England publishes the results of its Waking Shark II security exercise, which tested financial institutions' contingency plans for cyber attack Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

NHS site malicious redirects are a warning to developers

A coding error that redirected NHS website visitors to malicious content should be a warning to developers, say security experts Continue Reading

By

• Warwick Ashford, Senior analyst

Hackers access Yahoo Mail with stolen passwords

Yahoo has revealed that hackers have tried to access some Yahoo Mail accounts with stolen passwords Continue Reading

By

• Warwick Ashford, Senior analyst

Lenovo buys Google’s Motorola Mobility in $3bn deal

Google has announced the sale of its Motorola Mobility unit to Chinese computer maker Lenovo in a $3bn deal Continue Reading

By

• Warwick Ashford, Senior analyst