News

IT for financial services

• March 01, 2022 01 Mar'22

  Nationwide suffers payday payments outage

  Nationwide customers were left unable to pay bills on payday as the building society suffered a software outage

• February 28, 2022 28 Feb'22

  Ukraine cyber attacks seen spiking, but no destructive cyber war yet

  While cyber attacks linked to Russia’s war on Ukraine are taking place, they are having little impact beyond the region

• February 24, 2022 24 Feb'22

  KnowBe4 cyber drama tackles Colonial Pipeline in fourth season

  KnowBe4’s ongoing cyber security training drama, The Inside Man, reaches its fourth season with a plot drawing inspiration from one of the most impactful cyber attacks of 2021

• February 24, 2022 24 Feb'22

  Russia behind dangerous Cyclops Blink malware

  Joint NCSC CISA advisory attributes a dangerous malware, dubbed Cyclops Blink, to Russia’s Sandworm APT, likely a GRU unit, with WatchGuard users at particular risk

• February 23, 2022 23 Feb'22

  Backups ‘no longer effective’ for stopping ransomware attacks

  Traditional methods of mitigating ransomware are less efficacious thanks to the rise in double and triple extortion techniques

• February 23, 2022 23 Feb'22

  Microsoft extends Defender umbrella to Google Cloud Platform

  Redmond says extending Defender for Cloud native capabilities to the Google Cloud Platform will help simplify security for organisations pursuing multicloud strategies by eliminating the gaps where the bad guys can get in

• February 23, 2022 23 Feb'22

  No imminent cyber threat to UK from Russia

  Intelligence officials say they have no evidence or indication that Russian cyber attackers are preparing offensive assaults on infrastructure or organisations in Britain

• February 23, 2022 23 Feb'22

  Attempted burglary exposes risk of NatWest customer data in former worker’s home

  Former Royal Bank of Scotland employee offers bank a compromise in her dispute over the return of confidential customer information

• February 22, 2022 22 Feb'22

  UK organisations swift to chide phishing victims

  While UK organisations are doing better at security training, many are quick to punish employees who fall victim to phishing attacks, whether real or simulated

• February 22, 2022 22 Feb'22

  Sweden completes phase two of e-krona pilot

  Sweden’s central bank is well into its second year of testing a new digital currency, but so far, no firm decision has been made by the government to adopt it

• February 21, 2022 21 Feb'22

  UK joins US in pinning Ukraine DDoS attacks on Russia

  A series of DDoS attacks on Ukrainian defence and banking organisations last week is now being firmly attributed to Russian action

• February 21, 2022 21 Feb'22

  Open banking surpasses five million UK customers

  Upwards of five million people in the UK are using open banking services as the financial sector’s fintech revolution gathers pace

• February 21, 2022 21 Feb'22

  Amazon and Visa resolve UK credit card ban threat

  Companies reach ‘broad, global agreement that includes the acceptance of Visa at all Amazon stores and sites’

• February 18, 2022 18 Feb'22

  UK organisations untroubled by Trickbot surge

  A surge in Trickbot infections is targeting some of the world’s most prominent brands, but UK organisations seem thankfully unaffected

• February 18, 2022 18 Feb'22

  CIO interview: Adam Miller, group head of IT, Markerstudy Group

  The insurer and Auto Windscreens owner is using cloud-based virtual desktops to ease acquisitions and support home working during the pandemic – and its IT chief has a growing range of projects on the go

• February 18, 2022 18 Feb'22

  The British people are waking up to the scandal that happened under their noses

  Victims of the Post Office Horizon scandal have been suffering in silence for many years, but the current public inquiry is giving them a voice, and people are listening

• February 16, 2022 16 Feb'22

  2021 another record year for UK cyber investment

  Total revenue generated by the UK’s cyber sector was up 14% last year, and UK-registered security firms raised over £1bn in investment

• February 16, 2022 16 Feb'22

  DDoS attacks hit Ukrainian defence ministry and banks

  A further wave of cyber attacks has taken place against targets in Ukraine amid heightened tension in the region

• February 16, 2022 16 Feb'22

  Nordic countries lack a unified approach to AI

  Nordic countries need to work together on a pan-regional artificial intelligence strategy

• February 15, 2022 15 Feb'22

  UK finance regulator effects changes to ‘buy now, pay later’ contract terms

  BNPL finance providers have agreed to make their contracts with consumers fairer, amid concerns

• February 15, 2022 15 Feb'22

  NatWest group shutters 32 more branches as digital shift continues

  Banking group announces more branch closures as part of its digital transformation, but promises that no customers will be left behind

• February 15, 2022 15 Feb'22

  China emerges as leader in vulnerability exploitation

  Threat actors linked to China are emerging as a significant force in the weaponisation of newly discovered CVEs

• February 11, 2022 11 Feb'22

  Why security professionals should pay attention to what Russia is doing

  Even though the average organisation is an unlikely target for a Russian state cyber attack, here's why security teams still need to watch what Russian threat groups are up to

• February 10, 2022 10 Feb'22

  IR35 reforms: HMRC slammed for ‘over-collecting tax’ from non-compliant public sector bodies

  HMRC has moved to play down claims it is collecting more tax than it is due when tackling non-compliance with the IR35 reforms in the public sector

• February 10, 2022 10 Feb'22

  UK second in money laundering hall of shame

  Banks need to step up their anti-money laundering processes if billions of pounds’ worth of criminal activity is to be prevented

• February 09, 2022 09 Feb'22

  Linux-based clouds an open door for attackers, says VMware

  Its prevalence as a cloud operating system means Linux is becoming a meal ticket for malicious actors, but the security industry does not seem to have cottoned on to this yet, says VMware

• February 09, 2022 09 Feb'22

  Ransomware ever more sophisticated and impactful, warns NCSC

  UK’s National Cyber Security Centre teams up with US and Australian partners in a joint advisory warning organisations of the increasing sophistication exhibited by criminal ransomware gangs

• February 09, 2022 09 Feb'22

  Microsoft stomps on 48 bugs in February Patch Tuesday update

  It’s a light Patch Tuesday for February 2022, as Microsoft issues fixes for just 48 CVEs, including a solitary zero-day

• February 08, 2022 08 Feb'22

  Microsoft to start blocking macros to thwart malware

  Microsoft is making changes to web macro permissions across multiple Office apps to help improve user security

• February 08, 2022 08 Feb'22

  The Security Interviews: Building the UK’s future cyber ecosystem

  As the government lays out the next iteration of its Cyber Security Strategy, we speak to Plexal and Lorca’s Saj Huq about his work building a cyber ecosystem to support the UK’s future ambitions

• February 08, 2022 08 Feb'22

  UK fintech investment sees sevenfold increase in a year

  UK fintech investment rose from $5.2bn in 2020 to $37.3bn in 2021, with 603 private equity, venture capital and merger and acquisition deals

• February 03, 2022 03 Feb'22

  UAE chooses Accenture to develop national payments platform

  Consortium led by Accenture to build new payments infrastructure in the United Arab Emirates

• February 02, 2022 02 Feb'22

  Zero-trust to soar in 2022, but dogged by implementation challenges

  IT leaders are keen to invest in zero-trust, but face issues around a lack of expertise, and selling the concept into the C-suite

• February 02, 2022 02 Feb'22

  Nationwide Building Society streamlines digital onboarding through API

  Building society is improving its digital onboarding process through application programming interface-based technology from a US startup

• February 02, 2022 02 Feb'22

  MPs call on government to ‘push harder’ and ‘act faster’ amid online fraud epidemic

  MPs on the Treasury Committee want the government to act quickly to reduce the amount of money being stolen through online fraud

• February 02, 2022 02 Feb'22

  Saudi Arabia to invest billions of dollars in technology and startups

  Saudi Arabia announces $6.4bn investment in its tech sector as part of plans to diversify its economy

• February 01, 2022 01 Feb'22

  Check Point buys Spectral to safeguard cloud development

  Check Point’s latest acquisition of Israel-based startup Spectral expands its developer-centric security toolset

• February 01, 2022 01 Feb'22

  Over one-fifth of ransomware attacks target financial sector

  Newly published data reveals a significant uptick in cyber attacks against the financial services sector during the third quarter of 2021

• January 31, 2022 31 Jan'22

  UK has record year for tech IPOs in 2021

  Tech companies represented 29% of all UK initial public offerings last year, raising a record $6.6bn

• January 28, 2022 28 Jan'22

  Cyber skills gap affecting data privacy practice, finds ISACA

  Organisations are struggling to fill both legal and technical privacy roles, with potentially damaging consequences, according to a report

• January 27, 2022 27 Jan'22

  CISOs must get out in front of Ukraine cyber crisis, says NCSC

  The National Cyber Security Centre is urging UK organisations to take steps to bolster their cyber security resilience in response to the ongoing Ukraine crisis

• January 27, 2022 27 Jan'22

  Novel phishing campaign highlights need for MFA, says Microsoft

  Microsoft details a new multi-stage phishing campaign that only affects victims without multifactor authentication in place

• January 27, 2022 27 Jan'22

  Barclaycard customers increase contactless spending following limit rise

  Barclaycard customers have increased their contactless card spending by 40% with most of their card payments using the technology

• January 27, 2022 27 Jan'22

  Nightmare Log4Shell scenario averted by prompt, professional action

  Prompt and professional community response to the Log4Shell disclosure means the dangerous and widespread vulnerability has not been exploited to the extent many had feared

• January 27, 2022 27 Jan'22

  Bank account switching accelerates as consumers choose digital services

  Surge in UK consumers changing current account providers is a sign that digital banking services are eating into the traditional sector

• January 26, 2022 26 Jan'22

  More intel emerges on WhisperGate malware that hit Ukraine

  Security experts have been poring over the WhisperGate malware with which alleged Russia-backed entities targeted Ukrainian government websites

• January 26, 2022 26 Jan'22

  PwnKit bug endangers Linux distributions worldwide

  Qualys researchers share intel on a memory corruption vulnerability in a program installed by default on every major Linux distribution

• January 25, 2022 25 Jan'22

  Prepare, but don’t panic, over supposed Russian cyber threat

  A fresh alert from the US Department of Homeland Security may have IT security teams jumpy over the possibility that their organisations could be targeted by Russian state actors

• January 20, 2022 20 Jan'22

  MoonBounce firmware bootkit shows advances in malicious implants

  MoonBounce firmware bootkit shows evident technical improvements over others, making it a more dangerous threat to organisations. It is being used by Chinese state-backed actors

• January 20, 2022 20 Jan'22

  Advantages of traditional banks are weakening amid digital challenge, says FCA

  Weakening of the advantages enjoyed by traditional banks over the years is “driven by digital innovation and changing consumer behaviour”, says regulator