IT for financial services
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News
02 Oct 2024
‘Shocked’ MoneyGram hits back at Post Office
Money transfer fintech wrote to subpostmasters expressing its disappointment with the Post Office over end of contract Continue Reading
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E-Zine
01 Oct 2024
AI advances in cancer care
In this week’s Computer Weekly, medtech startups are showing how AI can offer dramatic advances in cancer care – we talk to one such firm to find out more. Every CIO is used to delivering rapid response times for users, but not many target latency of eight nanoseconds – we find out how it’s done. And we examine the latest trends on datacentre cooling in the light of advances in energy efficiency. Read the issue now. Continue Reading
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News
07 Dec 2022
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 Continue Reading
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Opinion
07 Dec 2022
Security Think Tank: As cyber pros, we need to articulate our needs better
There is always a lot to learn about security, but one of the most important lessons may not relate to technology at all, says Petra Wenham Continue Reading
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News
06 Dec 2022
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? Continue Reading
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News
05 Dec 2022
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 Continue Reading
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News
02 Dec 2022
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 Continue Reading
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Opinion
01 Dec 2022
Ransomware: Is there hope beyond the overhyped?
Up-and-coming cyber concepts attack surface management and security mesh architectures seem to hold some promise in tackling ransomware, but they are a little way off maturity Continue Reading
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News
30 Nov 2022
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 Continue Reading
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Opinion
30 Nov 2022
Think technology, process, human risk to manage ransomware
Effective ransomware handling boils down to three core areas – technology, process and human risk Continue Reading
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Feature
29 Nov 2022
How gamifying cyber training can improve your defences
Security training is the cornerstone of any cyber defence strategy. With ever-escalating online threats, it is now more important than ever that this training is an engaging experience Continue Reading
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News
28 Nov 2022
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 Continue Reading
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News
25 Nov 2022
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 Continue Reading
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Feature
24 Nov 2022
Indefinite storage: What it is and why you might need it
Indefinite storage addresses the issue that archived data may need to be kept well beyond the lifespan of the technology it was written for Continue Reading
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E-Zine
24 Nov 2022
CW Nordics: Icelandic datacentres point way to greener IT
Iceland may soon become even more attractive to firms wanting to minimise their carbon footprint while using high-performance computing services. Read more about it in this issue. Also find out how a robo investment company, Nord Investments, is harnessing open banking to make thing easier for its clients. Continue Reading
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Opinion
24 Nov 2022
Your staff are the frontline in your ransomware fight
As part of a solid cyber defence plan, the CISO must make sure that the frontline within the organisation is prepared for an attack, says Theodore Wiggins of Airbus Protect Continue Reading
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News
23 Nov 2022
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 Continue Reading
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News
23 Nov 2022
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 Continue Reading
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News
22 Nov 2022
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 Continue Reading
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News
22 Nov 2022
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 Continue Reading
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News
22 Nov 2022
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 Continue Reading
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News
18 Nov 2022
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 Continue Reading
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News
17 Nov 2022
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’ Continue Reading
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News
17 Nov 2022
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 Continue Reading
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Blog Post
16 Nov 2022
Siu in court
Cristiano Ronaldo has chased his pearl-clutching condemnation of Manchester United’s unbridled marketing drive with the announcement of his own NFT collection. The preening Ozymandias of football ... Continue Reading
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News
16 Nov 2022
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 Continue Reading
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Opinion
16 Nov 2022
Security Think Tank: Ransomware defences: An extended to-do list
Strategies to extend ransomware protection beyond backups and intrusion detection must centre dark web monitoring, among other things Continue Reading
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News
15 Nov 2022
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 Continue Reading
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News
15 Nov 2022
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 Continue Reading
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News
14 Nov 2022
CaixaBank robot answers the most customer questions
AI-based virtual assistant at Spanish bank is now used by over four million customers Continue Reading
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Opinion
14 Nov 2022
Security Think Tank: Let’s be transparent about ransomware
Greater transparency regarding ransomware attacks, including details about attack methods used and what kinds of assets were compromised, would likely help the community prevent future attacks Continue Reading
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Opinion
11 Nov 2022
Cyber insurance: The good, the bad and the ugly
Most cyber insurance contracts are innately flawed because they exclude losses arising from state-backed cyber attacks, and this will make proper attribution even more important in the future, says Cisco Talos’ Martin Lee Continue Reading
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News
11 Nov 2022
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 Continue Reading
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Feature
11 Nov 2022
An encouraging new conversation around sustainable IT, says Nordic CIO
What started as a whisper a decade ago has become distinctly audible chatter among IT leaders sharing best practices on how to protect the environment Continue Reading
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Opinion
11 Nov 2022
Security Think Tank: To stop ransomware, preparation is the best medicine
You can’t ‘stop’ ransomware, but you can do a lot to keep yourself from becoming ensnared when it strikes Continue Reading
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Feature
10 Nov 2022
The world's oldest cryptocurrency exchange prefers doing business in Luxembourg
One of the newest niches in fintech, cryptocurrency exchanges may fare very well in Luxembourg Continue Reading
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News
09 Nov 2022
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 Continue Reading
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Opinion
09 Nov 2022
Security Think Tank: Anti-ransomware strategies should be as easy as ABC
When developing and implementing ransomware protection strategies, the importance of paying thorough attention to security measures you might consider elementary cannot be understated Continue Reading
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Opinion
07 Nov 2022
To fight ransomware, we must treat digital infrastructure as critical
Ransomware defence is failing because we don’t view our digital infrastructure in the same way as our physical infrastructure, argues Elastic’s Mandy Andress Continue Reading
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News
04 Nov 2022
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 Continue Reading
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Opinion
04 Nov 2022
Security Think Tank: Ransomware and CISOs’ balancing act
Ransomware has the potential to cause irreversible business damage, so CISOs should consider not only protection but also response and recovery Continue Reading
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News
03 Nov 2022
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 Continue Reading
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Opinion
02 Nov 2022
Can crypto recover from the crash of 2022?
What does the crypto wipeout of 2022 mean for an increasingly turbulent economy and can crypto bounce back in the months and years ahead? Crucially, how will regulators react? Continue Reading
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Opinion
02 Nov 2022
Security Think Tank: Know your networks, know your suppliers
To combat the ransomware scourge, we must work harder to monitor and learn from the increasingly complex threat environment, keep a closer eye on supply chains, and share our insights Continue Reading
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Definition
01 Nov 2022
Basel II
Basel II is an international business standard that requires financial institutions to maintain enough cash reserves to cover risks incurred by their operations. Continue Reading
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News
01 Nov 2022
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 Continue Reading
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Feature
31 Oct 2022
AI experts question tech industry’s ethical commitments
The massive proliferation of ethical frameworks for artificial intelligence has done little to change how the technology is developed and deployed, with experts questioning the tech industry’s commitment to making it a positive social force Continue Reading
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News
31 Oct 2022
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 Continue Reading
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Opinion
31 Oct 2022
Security Think Tank: Container security: why so different?
Done well, container security can be a model for securing the enterprise, and businesses that focus their teams on solving it can help accelerate positive change in other areas Continue Reading
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Opinion
28 Oct 2022
How has container security changed since 2020, and have we taken it too far?
While containers are now one of the most popular ways to deploy applications, it is fair to say that the adoption and implementation of security best practice to govern their use has not kept up Continue Reading
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News
27 Oct 2022
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 Continue Reading
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News
27 Oct 2022
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 Continue Reading
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Tip
25 Oct 2022
How financial institutions can streamline compliance with AI
AI systems help make compliance processes more efficient and effective for financial institutions. Automation can reduce problems like human error and regulatory breaches. Continue Reading
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News
25 Oct 2022
Apple patches new iPhone zero-day
Apple’s latest patch fixes yet another zero-day, as security issues keep surfacing in its mobile products Continue Reading
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News
25 Oct 2022
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 Continue Reading
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News
25 Oct 2022
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 Continue Reading
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News
24 Oct 2022
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 Continue Reading
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News
21 Oct 2022
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 Continue Reading
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News
21 Oct 2022
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 Continue Reading
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News
20 Oct 2022
Cyber professional shortfall hits 3.4 million
Shortage of cyber security professionals continues to grow and shows no signs of abating, says report Continue Reading
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News
20 Oct 2022
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 Continue Reading
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News
19 Oct 2022
Lloyds Bank launches innovation sandbox
Banking group establishes a sandbox where fintechs can build and test applications for Lloyds Continue Reading
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News
19 Oct 2022
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 Continue Reading
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News
14 Oct 2022
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 Continue Reading
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News
12 Oct 2022
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 Continue Reading
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News
12 Oct 2022
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 Continue Reading
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News
12 Oct 2022
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 Continue Reading
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News
06 Oct 2022
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 Continue Reading
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News
06 Oct 2022
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 Continue Reading
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Podcast
05 Oct 2022
Developer wellbeing: A Computer Weekly Downtime Upload podcast
A Computer Weekly Downtime Upload special with Capital One bank’s CTO, Brad Miller Continue Reading
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News
04 Oct 2022
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 Continue Reading
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News
30 Sep 2022
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 Continue Reading
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News
29 Sep 2022
Cost-of-living crisis could spur fintech adoption
The cost-of-living crisis could have a similar impact on fintech and digital banking as the Covid-19 pandemic did, inducing further innovation in the fintech sector Continue Reading
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News
27 Sep 2022
Robo investment platform adopts open banking-based payments
Nordic consumer investment fintech simplifies customer experience through open banking software from Mastercard-owned Aiia Continue Reading
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News
26 Sep 2022
Bank warns of spike in online cost-of-living scams
Fraudsters are exploiting the cost-of-living crisis by tricking people into sending money to help friends and relatives pay bills, TSB has warned Continue Reading
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News
26 Sep 2022
FCSA calls for government clampdown on cloned umbrella companies
One year has passed since the Freelancer and Contractor Services Association spoke out about the problem of umbrella company cloning, and it claims the authorities are not moving fast enough to tackle the issue Continue Reading
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News
23 Sep 2022
Copenhagen Fintech connects its members to the world
Copenhagen-based startup initiative is driving fintech developments across the Nordic region, with Mastercard its latest global partner Continue Reading
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News
23 Sep 2022
IR35 reforms to be scrapped in public and private sectors from April 2023, government confirms
The government has confirmed that the 2017 and 2021 roll-out of the IR35 reforms to the public and private sectors, respectively, will be repealed in April 2023 Continue Reading
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News
23 Sep 2022
Mini-Budget 2022: HMRC tells firms to update payroll software ahead of November NI tax cut
HMRC is urging employers to ensure their payroll software systems are updated now, before the reversal of the previous government’s National Insurance tax hike kicks in Continue Reading
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News
22 Sep 2022
American Express recruiting thousands of tech professionals
Amex will add 5,000 IT professionals to its workforce in 2022 as digital products and services become the staple of the finance sector Continue Reading
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News
21 Sep 2022
European Central Bank working on prototypes of digital Euro interfaces
European Central Bank’s digital Euro investigation phase is at the point of developing and testing systems that might interface with consumers Continue Reading
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News
20 Sep 2022
Thousands of customers affected in Revolut data breach
Digital challenger bank has warned its customers to be vigilant after their data was exposed in a cyber attack Continue Reading
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20 Sep 2022
How Lloyd’s of London is digitising
The centuries-old insurance market is transforming its complex IT estate through digital data. Continue Reading
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E-Zine
20 Sep 2022
A gold medal performance for networking
In this week’s Computer Weekly, we find out how the IT team behind the 2022 Commonwealth Games in Birmingham delivered a winning performance. We also look at how the centuries-old London insurance market is going digital, thanks to Lloyd’s of London. And we find out how low-cost high street stores succumbed to the inevitable and are going online. Read the issue now. Continue Reading
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News
15 Sep 2022
Organisations failing to account for digital trust
The vast majority of businesses are well aware of the importance of digital trust, yet very few have a dedicated staff role responsible for it, report finds Continue Reading
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News
14 Sep 2022
Ex-CISA head Krebs: Disrupt ransomware support networks to win the war
Speaking at an event hosted by data protection specialist Rubrik, former CISA director Chris Krebs calls for the security community to work collectively to kick out the supports from under ransomware gangs Continue Reading
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News
14 Sep 2022
US to see huge increase in embedded finance transactions
Retailers and other non-financial businesses are increasingly offering their customers financial services, such as credit and payment options Continue Reading
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News
14 Sep 2022
DDoS attacks on UK financial sector surged during Ukraine war
A quarter of cyber security incidents reported to the Financial Conduct Authority in the first six months of 2022 involved DDoS, with a likely link to events in Ukraine Continue Reading
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Feature
13 Sep 2022
AI Sweden connects the dots to keep the country competitive
How and why a centre dedicated to accelerating the adoption of artificial intelligence technology has been created in Sweden Continue Reading
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News
13 Sep 2022
JP Morgan acquires fintech for payments modernisation
JP Morgan acquires cloud-native payments technology as it modernises its IT infrastructure Continue Reading
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News
13 Sep 2022
Investment in UK fintech sees fall amid global turmoil
Investment in fintech drops, but because figures are distorted by last year’s records, it’s not as bad as it looks, says KPMG Continue Reading
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13 Sep 2022
The story behind Sibstar, the fintech app for people suffering with dementia
Creator of app and debit card designed to support people with dementia relates how the idea developed. Continue Reading
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E-Zine
13 Sep 2022
Source responsibly: Tech sector efforts to root out forced labour are failing
In this week’s Computer Weekly, we analyse the technology industry’s failure to extirpate forced labour and slavery from its supply chains. We find out how cyber security firm Okta is rebuilding customer trust after a major security incident. And we discover how Caterpillar is modernising its data management to offer better customer service. Read the issue now. Continue Reading
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News
12 Sep 2022
Mistakenly transferred $504m to be returned to Citigroup
Judge rules that creditors should return $504m that was accidentally transferred to them by Citigroup Continue Reading
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News
12 Sep 2022
CISOs should spend on critical apps, cloud, zero-trust, in 2023
Faced with a global recession next year, security buyers should try to direct investment towards technology that protects customer-facing and revenue-generating workloads, say analysts Continue Reading
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News
12 Sep 2022
Lloyd’s of London is digitally transforming through the front door
Centuries-old financial services organisation is transforming its complex IT infrastructure through digital data Continue Reading
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News
05 Sep 2022
UK payments upgrade to add more than £3bn to GDP, but much more on offer
UK GDP will increase when its ageing payments infrastructure is replaced with the latest technology to enable real-time payments Continue Reading
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News
05 Sep 2022
Huge leap to contactless payments in past three years
Covid-19 pushes the use of contactless payments for face-to-face transactions to 90% of total Continue Reading
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News
02 Sep 2022
Interview: Sibstar, the fintech app for dementia sufferers
Creator of app and debit card designed to support people living with dementia tells Computer Weekly how the idea developed Continue Reading
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News
02 Sep 2022
BBVA to add 2,000 software engineers to workforce this year
Spanish bank BBVA is boosting its IT department while its traditional workforce reduces amid digital transformation Continue Reading
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Opinion
01 Sep 2022
Security Think Tank: Effective DevSecOps requires collaboration
Application security and effective DevSecOps can only be achieved through collaboration with the business – the ultimate goal is to make it safer to do business, which requires considering integrated risk management and identity and access management alongside cyber security and application security Continue Reading
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News
30 Aug 2022
IAM house Okta confirms 0ktapus/Scatter Swine attack
Following last week’s disclosureby Group-IB researchers of a major phishing campaign, Okta has warned its customers to be on their guard Continue Reading