News

IT for financial services

• August 28, 2024 28 Aug'24

  Global cyber spend to rise 15% in 2025, pushed along by AI

  Security spending will increase at pace in 2025, with artificial intelligence, cloud and consultancy services all pushing outlay to new highs, according to Gartner

• August 22, 2024 22 Aug'24

  New Qilin tactics a ‘bonus multiplier’ for ransomware chaos

  Sophos X-Ops caught the Qilin ransomware gang stealing credentials stored by victims' employees in Google Chrome, heralding further cyber attacks and breaches down the line.

• August 21, 2024 21 Aug'24

  Women in data: Claire Thompson, chief data officer, L&G

  The insurer’s data chief discusses using data for better insights, building data capabilities through apprenticeships, and the value of diversity in data leadership

• August 21, 2024 21 Aug'24

  Wells Fargo bank turns to AI to help families settle estates after a death

  Wells Fargo bank is winning customers after using business automation software and artificial intelligence to help people manage the estates of relatives following a bereavement

• August 20, 2024 20 Aug'24

  ICO launches privacy notice tool for SMEs

  ICO tool designed to make it easier for small businesses and sole traders operating online to create bespoke data privacy notices for compliance purposes

• August 20, 2024 20 Aug'24

  Phishing links becoming bigger threat than email attachments

  Phishing techniques are evolving away from malicious email attachments, according to a report

• August 14, 2024 14 Aug'24

  August Patch Tuesday proves busy with six zero-days to fix

  Microsoft patches six actively exploited zero-days among over 100 issues during its regular monthly update

• August 13, 2024 13 Aug'24

  NIST debuts three quantum-safe encryption algorithms

  NIST has launched the first three quantum-resistant encryption algorithms, and as the threat of quantum-enabled cyber attacks grows greater, organisations are encouraged to adopt them as soon as they can

• August 08, 2024 08 Aug'24

  Royal ransomware crew puts on a BlackSuit in rebrand

  The Royal ransomware gang is back, with a new name and refreshed capabilities, including an apparently unique ‘partial encryption’ gambit, according to CISA

• August 06, 2024 06 Aug'24

  2024 seeing more CVEs than ever before, but few are weaponised

  The number of disclosed CVEs soared by 30% in the first seven-and-a-half months of the year, but a tiny fraction of these have been exploited by threat actors, a reminder of the importance of focused security strategies

• August 05, 2024 05 Aug'24

  Chinese cyber attack sparks alert over six-year-old MS vuln

  After a proof-of-concept for a six-year-old Microsoft vulnerability emerged in a Chinese APT attack chain, defenders should be on the look-out for exploitation of CVE-2018-0824

• August 05, 2024 05 Aug'24

  World’s largest companies at near-universal risk of supply chain breach

  Data from SecurityScorecard once again focuses on the interconnected nature of business supply chains and the risk posed to operational resilience by unexpected IT problems and cyber threats

• August 01, 2024 01 Aug'24

  CrowdStrike shareholders sue, alleging false security claims

  A US pension fund is lining up a lawsuit against CrowdStrike, claiming the cyber company lied about the integrity of its systems, leading to failings that caused a worldwide IT outage

• August 01, 2024 01 Aug'24

  Banks, telcos call for more data sharing to fight fraud

  A Which?-led coalition of banks and telecoms operators is calling on the UK's new government to take the lead on enabling data sharing to help fight digital fraud

• July 29, 2024 29 Jul'24

  Scam CrowdStrike domains growing in volume

  Hundreds of malicious domains exploiting CrowdStrike’s branding are appearing all over the web in the wake of the 19 July outage. Experts from Akamai share some noteworthy examples, along with guidance on how to avoid getting caught out

• July 29, 2024 29 Jul'24

  CrowdStrike says most Falcon sensors now up and running

  The vast majority of CrowdStrike Falcon sensors affected by a coding error have now been recovered, with a final resolution expected this week

• July 29, 2024 29 Jul'24

  WTO digital trade agreement aims to modernise global commerce

  A digital trade deal negotiated over five years at the World Trade Organization has been signed by 91 countries, laying the groundwork for a new global digital trade regime

• July 25, 2024 25 Jul'24

  Fortune 500 stands to lose $5bn plus from CrowdStrike incident

  The largest global organisations hit by the CrowdStrike-Microsoft incident on 19 July will likely be out of pocket to the tune of billions of dollars

• July 24, 2024 24 Jul'24

  CrowdStrike blames outage on content configuration update

  CrowdStrike publishes the preliminary findings of what will be a lengthy investigation into the root causes of the failed 19 July update that caused Windows computers to crash all over the world

• July 24, 2024 24 Jul'24

  Mimecast to buy insider threat specialist Code42

  Mimecast is to buy fellow human-centred risk experts Code42 for an undisclosed sum to take advantage of its insider threat and data loss protection specialisms

• July 23, 2024 23 Jul'24

  Chrome cookies reprieved amid Google Privacy Sandbox changes

  Google abruptly changes tack on third-party cookies in its Chrome web browser, cancelling plans to deprecate them in favour of an unspecified ‘new experience’ for users

• July 22, 2024 22 Jul'24

  NCSC: Beware of criminal CrowdStrike opportunists

  Financially motivated cyber criminals are already conducting opportunistic attacks on organisations that leverage the CrowdStrike incident, and more targeted attacks are sure to follow

• July 22, 2024 22 Jul'24

  CrowdStrike chaos shows risks of concentrated ‘big IT’

  The concentration of so much mission-critical technology in the hands of a few large suppliers makes incidents like the Microsoft-CrowdStrike outage all the more dangerous

• July 18, 2024 18 Jul'24

  DBS rolls out GenAI assistant for customer service teams

  The CSO Assistant was built entirely in-house and uses a large language model tailored to local languages

• July 17, 2024 17 Jul'24

  UK Cyber Bill teases mandatory ransomware reporting

  In the Cyber Security and Resilience Bill introduced in the King's Speech, the UK's new government pledges to give regulators more teeth to ensure compliance with security best practice and to mandate incident reporting

• July 12, 2024 12 Jul'24

  Public awareness of ID security grows, but big obstacles remain

  Consumers are improving their awareness of the issues around digital identity security, but there are still some big issues preventing many from doing better, according to an Okta report

• July 11, 2024 11 Jul'24

  Dutch research firm TNO pictures the SOC of the future

  In only a few years, security operations centres will have a different design and layout, and far fewer will remain

• July 10, 2024 10 Jul'24

  Setting the high bar in digital transformation

  Roel Louwhoff, Standard Chartered’s chief transformation, technology and operations officer, outlines what it takes for the company to become a client-focused, data-driven bank

• July 09, 2024 09 Jul'24

  Hyper-V zero-day stands out on a busy Patch Tuesday

  Microsoft has fixed almost 140 vulnerabilities in its latest monthly update, with a Hyper-V zero-day singled out for urgent attention

• July 09, 2024 09 Jul'24

  Chinese spies target vulnerable home office kit to run cyber attacks

  China’s APT40 is ramping up targeting of victims using vulnerable small and home office networking kit as command and control infrastructure, according to an international alert

• July 09, 2024 09 Jul'24

  Room to grow in UK for Tata Consultancy Services after half a century

  Indian-headquartered IT giant has built a large UK footprint as part of its global network, a commitment which is helping it increase its business in the UK’s public sector

• July 03, 2024 03 Jul'24

  NCA’s Operation Morpheus targets illicit Cobalt Strike use

  International law enforcement operation targets cyber criminals using the Cobalt Strike penetration testing framework for dodgy purposes

• July 02, 2024 02 Jul'24

  Nordic banks pursue AI in battle with digital competitors

  Traditional Nordic banks are raising their investments in artificial intelligence to help them retain market share in increasingly populated sector

• June 27, 2024 27 Jun'24

  UKtech50 2024: The most influential people in UK technology

  Computer Weekly has announced the 14th annual UKtech50 – our definitive list of the movers and shakers in the UK tech sector

• June 13, 2024 13 Jun'24

  Black Basta ransomware crew may be exploiting Microsoft zero-day

  A Microsoft vulnerability that was addressed without fanfare in March may in fact have been exploited as a zero-day by the notorious Black Basta ransomware gang, threat hunters warn

• June 13, 2024 13 Jun'24

  Q&A: Adalbjorn Thorolfsson on IT project management in Iceland

  With a small, but very sophisticated population, Iceland has unique ways of keeping up with the rest of the world in the IT sector. Adalbjorn Thorolfsson, president of the Icelandic Project Management Association, describes some lessons for the rest...

• June 12, 2024 12 Jun'24

  Nordic innovators look to revive the zombie subscriber population

  Zombie subscriptions where customers buy a service and forget about it are harming the subscription economy, but software is being developed to support the subscription economy

• June 11, 2024 11 Jun'24

  Pure Storage hit by Snowflake credential hackers

  Pure Storage emerges as the latest victim of a fast-spreading breach of Snowflake customers targeting users with lax credential security measures in place

• June 11, 2024 11 Jun'24

  More than 160 Snowflake customers hit in targeted data theft spree

  Mandiant reports that more than 160 Snowflake customers have been hit in a broad data theft and extortion campaign targeting organisations that have failed to pay proper attention to securing valuable credentials

• June 11, 2024 11 Jun'24

  Cobol knowledge crisis threatens Dutch financial systems

  Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work

• June 07, 2024 07 Jun'24

  Rapid AI development poses supervisory challenges in the Netherlands

  In the Netherlands, the financial regulator and the monetary authority are grappling with the pace of artificial intelligence development and its implications for the financial industry

• June 05, 2024 05 Jun'24

  Executive interview: Richard Wazacz, CEO, Travelex

  The data-savvy chief executive is rebuilding Travelex as an omnichannel, digital business after the company foundered during the pandemic

• June 03, 2024 03 Jun'24

  97 FTSE 100 firms exposed to supply chain breaches

  Between March 2023 and March 2024, 97 out of 100 companies on the UK’s FTSE 100 list were put at risk of compromise following supply chain breaches at third-party suppliers

• June 03, 2024 03 Jun'24

  Major breaches allegedly caused by unsecured Snowflake accounts

  Significant data breaches at Ticketmaster and Santander appear to have been orchestrated through careful targeting of the victims’ Snowflake cloud data management accounts

• June 03, 2024 03 Jun'24

  Uktech50 2024: The longlist of the UK’s influential tech leaders

  UKtech50 received a record-breaking 434 nominations for the 2024 list. Unfortunately, there wasn’t space for everyone in the top 50, and as you can see for yourself in this year’s longlist, it was a difficult decision for the judges

• May 30, 2024 30 May'24

  FWD teams up with AWS on cloud

  The pan-Asian insurer plans to host its core applications on AWS in a five-year agreement that comes on the heels of an earlier deal with Microsoft to tap Azure cloud and AI services

• May 29, 2024 29 May'24

  Organisations value digital trust, but aren’t working at it

  Three quarters of organisations believe digital trust is relevant to their businesses, yet clear gaps in strategies still seem to persist

• May 28, 2024 28 May'24

  Executive Interview: Why Dell wants to be your one-stop AI shop

  At Dell Technologies World in Las Vegas, artificial intelligence was the talk of the town as Dell staked out an all-encompassing strategy ahead of an anticipated goldrush. Dell’s Nick Brackney explains why the tech giant believes it's onto a winner

• May 24, 2024 24 May'24

  UKtech50 2024: Vote for the most influential person in UK IT

  Our judges have selected the top 50 leaders from a shortlist of more than 400 people – now it’s your chance to tell us who you think is the most influential person in UK technology

• May 16, 2024 16 May'24

  HMRC channel shift to digital ‘too aggressive’, says NAO

  HMRC digital services have not had the anticipated effect on customer service it hoped for, NAO report reveals, as the auditor says the department needs to develop more realistic plans