News

IT for financial services

• June 24, 2022 24 Jun'22

  US cyber agency in fresh warning over Log4Shell risk to VMware

  Many VMware Horizon and UAG servers remain defenceless against Log4Shell, and organisations continue to fall victim to the vulnerability

• June 23, 2022 23 Jun'22

  FCA seeks more tech expertise in fight against fraud

  UK financial services regulator wants technology professionals to join its team fighting online fraud

• June 22, 2022 22 Jun'22

  NatWest files under whistleblower’s bed contain live customer data

  Former Royal Bank of Scotland worker wants bank to take back customer files and provide an ‘adequate receipt’

• June 22, 2022 22 Jun'22

  CIO interview: Simon Liste, chief information technology officer, Pension Protection Fund

  While aspects of the PPF’s three-year digital transformation plan were delayed by the pandemic, the organisation is now pressing ahead with widespread improvements to IT

• June 21, 2022 21 Jun'22

  Government won’t regulate on professional cyber standards

  The government has elected not to proceed with regulatory intervention to embed standards and pathways across the cyber profession

• June 21, 2022 21 Jun'22

  CNI leaders’ attitude to ransomware lackadaisical at best

  A survey of security decision-makers in sectors regarded as critical national infrastructure reveals a disappointing attitude to ransomware threats

• June 21, 2022 21 Jun'22

  New coalition lifts Finland’s 6G status

  Finland is laying the foundations for future European leadership in 6G research and development

• June 17, 2022 17 Jun'22

  British businesses to recognise Google skills certificates

  Google training programmes are being made available to more people in the UK as part of an initiative from the supplier and major UK businesses

• June 17, 2022 17 Jun'22

  Fintech firm chooses Salesforce software to support growth

  Revolut is to use Saleasforce software to support sales and marketing as part of its expansion plans

• June 17, 2022 17 Jun'22

  Government responds to Data Reform Bill consultation

  Westminster claims its new data laws will boost British benefits, protect consumers, and seize the ‘benefits’ of Brexit

• June 16, 2022 16 Jun'22

  Office 365 loophole may give ransomware an easy shot at your files

  Researchers at Proofpoint have discovered potentially dangerous Microsoft Office 365 functionality that they believe may give ransomware a clear shot at files stored on SharePoint and OneDrive

• June 16, 2022 16 Jun'22

  Interpol arrests thousands in global cyber fraud crackdown

  A two-month operation saw law enforcement agencies in 76 countries crack down on organised cyber fraud

• June 15, 2022 15 Jun'22

  Patch Tuesday dogged by concerns over Microsoft vulnerability response

  The last Patch Tuesday in its current form is overshadowed by persistent concerns about how Microsoft deals with vulnerability disclosure

• June 15, 2022 15 Jun'22

  Virgin Money slashes loan application time through fintech

  Business loan application process at Virgin Money cut from days to minutes through fintech platform

• June 14, 2022 14 Jun'22

  MS Azure Synapse vulnerability fixed after six-month slog

  Microsoft patched a critical Azure Synapse vulnerability twice, but each time the researcher who discovered it was able to bypass it with ease, leading to a lengthy saga

• June 14, 2022 14 Jun'22

  Spanish bank and Microsoft create innovation lab

  CaixaBank and Microsoft partner in artificial intelligence and metaverse innovation

• June 14, 2022 14 Jun'22

  Deutsche Bank relocates Russia-based tech staff to Berlin

  German bank offers employees in Russian technology centres the opportunity to move to the German capital

• June 13, 2022 13 Jun'22

  HSBC to give thousands of staff fintech training

  Thousands of HSBC staff will receive training in fintech technologies through a course developed with Saïd Business School

• June 13, 2022 13 Jun'22

  UK, US prepare to launch PET project

  A transatlantic prize challenge to accelerate development of privacy-enhancing technologies is set to begin

• June 13, 2022 13 Jun'22

  Tech startups raise more than £12bn in 2022 to date

  The £12.4bn in venture capital raised is more than was raised in the whole of 2020, putting the UK ahead of every country other than the US

• June 10, 2022 10 Jun'22

  Snake Keylogger climbing malware charts, says Check Point

  Cyber criminals behind Snake Keylogger campaigns have been switching up their tactics in the past few weeks, say researchers

• June 08, 2022 08 Jun'22

  ProxyLogon, ProxyShell may have driven increase in dwell times

  The median network intruder dwell time was up 36% to 15 days last year, thanks to massive exploitation of the ProxyLogon and ProxyShell vulnerabilities by IABs, according to new Sophos data

• June 08, 2022 08 Jun'22

  P27 advance could replace multiple national clearing systems in Nordics

  Nordic payments project promises to make payments to other countries as easy as sending a text message

• May 30, 2022 30 May'22

  UAE residents think 3D printing will have the most positive impact on society

  People in the UAE believe next-generation technologies such as 3D printing and artificial intelligence will become widespread in the country

• May 27, 2022 27 May'22

  NatWest replacing multiple customer service systems

  NatWest Bank puts customer service tools on a single platform using Microsoft Dynamics 365

• May 26, 2022 26 May'22

  Executive interview: Miles Hillier, NatWest

  Retail bank’s digital channel development head talks about building a multi-channel customer experience

• May 26, 2022 26 May'22

  Global business insurer saves 50,000 hours through RPA

  QBE started its robotic process automation journey in 2017 and has already saved 50,000 hours, enabling staff to focus on customer care

• May 26, 2022 26 May'22

  Two-thirds of UK organisations defrauded since start of pandemic

  Nearly two out of three UK companies say they have experienced some form of fraud or economic crime in the past two years, according to a report

• May 26, 2022 26 May'22

  Dutch companies struggle to fill tech jobs

  There are plenty of IT job vacancies in the Netherlands, but a shortage of IT professionals

• May 24, 2022 24 May'22

  Ransomware volumes grew faster than ever in 2021

  Verizon’s annual DBIR assessment of the security landscape highlights an unprecedented boom in ransomware volumes, to the surprise of nobody

• May 24, 2022 24 May'22

  JPMorgan’s UK digital retail bank reaches half-million customer mark

  Chase Bank in the UK has already reached the half-million customer mark, but expects a profit to be some years away

• May 24, 2022 24 May'22

  Fintech unicorn Klarna to cut 10% of staff amid global shocks

  Fintech unicorn to slash jobs in reaction to global economic shocks signalling challenges in the financial technology sector

• May 20, 2022 20 May'22

  Applying international law to cyber will be a tall order

  Many in the security community have voiced their support for the UK government’s ambitions to work towards agreement with other countries on the application of international law to cyber space, but not without some reservations

• May 20, 2022 20 May'22

  Government will legislate to protect access to cash amid digital revolution

  The government is giving the Financial Conduct Authority more powers to force banks to ensure cash withdrawal and deposit services are within easy reach of customers

• May 19, 2022 19 May'22

  Relentless branch closures at Lloyds Bank continue as digital banking takes hold

  UK bank branches are being shuttered in large numbers as consumers choose online banking, with Lloyds Banking Group announcing more closures

• May 18, 2022 18 May'22

  Mastercard biometric programme will allow payment authentication by smile

  Mastercard is inviting banks and merchants to join a programme to set standards for biometric payments technology

• May 17, 2022 17 May'22

  (ISC)² to train 100,000 cyber pros in UK

  Security association (ISC)² unveils ambitious UK training programme

• May 13, 2022 13 May'22

  Santander has so far moved 80% of IT infrastructure to cloud

  Spanish banking giant Santander continues its journey into the cloud as it strives to be cloud native

• May 12, 2022 12 May'22

  App-based Starling Bank doubles its Cardiff workforce

  Digital bank is recruiting nearly 500 people, including data scientists and engineers, to its Cardiff operation

• May 11, 2022 11 May'22

  CyberUK 22: Five Eyes focuses on MSP security

  The western intelligence community has set out practical steps IT service providers and their customers can take to protect themselves

• May 11, 2022 11 May'22

  Cyber accreditation body Crest forges new training partnerships

  Crest says partnerships with Hack The Box and Immersive Labs will enhance its members’ defensive and offensive security skills

• May 11, 2022 11 May'22

  Nationwide stops thousands more attempted frauds with Strong Customer Authentication

  Nationwide Building Society is blocking an additional 2000 attempted online shopping frauds a month through extra checks

• May 11, 2022 11 May'22

  Microsoft fixes three zero-days on May Patch Tuesday

  It’s the second-to-last Patch Tuesday as we know it, and Microsoft has fixed a total of 75 bugs, including three zero-days

• May 10, 2022 10 May'22

  CyberUK 22: Cyber leaders affirm UK’s whole-of-society strategy

  On the opening day of CyberUK 2022, GCHQ director Jeremy Fleming and NCSC CEO Lindy Cameron have spoken of their commitment to the government’s ambition for a whole-of-society cyber strategy

• May 10, 2022 10 May'22

  CyberUK 22: NCSC refreshes cloud security guidance

  The National Cyber Security Centre is revising its cloud guidance as increasing uptake of potentially vulnerable cloud services puts more organisations at risk of compromise

• May 10, 2022 10 May'22

  European retailers see embedded finance as a revenue builder

  Retailers and e-commerce businesses are working with tech suppliers to embed financial products and services in their customer offerings

• April 28, 2022 28 Apr'22

  Ransomware recovery costs dwarf actual ransoms

  The cost of recovering from a ransomware attack far outweighs the ransoms now being demanded by cyber criminals, according to recent data

• April 28, 2022 28 Apr'22

  Manufacturer sues JPMorgan after cyber criminals stole $272m

  Manufacturer files lawsuit alleging that US bank failed to inform it of suspicious transaction activity

• April 27, 2022 27 Apr'22

  Log4Shell, ProxyLogon, ProxyShell among most exploited bugs of 2021

  These 15 CVEs were the most commonly exploited last year, and if you haven’t mitigated against them, now is the time

• April 27, 2022 27 Apr'22

  Ransomware victims paying out when they don’t need to

  Sophos’s annual State of Ransomware report shows dramatic increases in the impact of ransomware attacks, but also finds many organisations are paying ransoms when they don’t need to