News

IT for financial services

• February 21, 2018 21 Feb'18

  UK organisations failing to take action against fraud

  UK organisations are facing increasingly complex and costly incidents of fraud partly due to increasing cyber fraud, yet few are making use of the anti-fraud technologies available, a survey has revealed

• February 21, 2018 21 Feb'18

  Lloyds Bank announces three-year digital transformation

  Lloyds Bank has announced plans to transform how it serves customers through substantial digital investment

• February 21, 2018 21 Feb'18

  Security leaders investing in automation and AI, study shows

  Automation and artificial Intelligence are being used to defend against cyber threats, says report, but experts warn that these tools and technologies can be exploited by attackers

• February 21, 2018 21 Feb'18

  UAE makes artificial intelligence leap

  The UAE is investing in becoming a global pioneer in the use of artificial intelligence technology in various sectors of its economy

• February 20, 2018 20 Feb'18

  UK finance regulator collaborates with US counterpart on fintech

  The FCA is working with a US finance regulator to support financial technology companies on both sides of the Atlantic

• February 19, 2018 19 Feb'18

  Take-up of chatbots will accelerate over next two years

  Chatbots and artificial intelligence are becoming an increasingly important part of customer services

• February 16, 2018 16 Feb'18

  US sentences two Russians for huge data breaches

  The US has sentenced two Russian cyber criminals who targeted major payment processors, retailers and financial institutions around the world, as the US joins the UK in condemning Russia for the 2017 NotPetya attacks

• February 15, 2018 15 Feb'18

  F-Secure warns against ‘evil maid’ attacks

  Business people are being urged not to underestimate the importance of physical security for their laptops, which can be used as entry points by attackers if not adequately protected

• February 15, 2018 15 Feb'18

  Cash will remain in use in Eurozone for a very long time, says central bank

  Cash seems set to survive the onslaught of digital payments, at least in countries that use the euro

• February 14, 2018 14 Feb'18

  Technology spend growing at expense of trader salaries

  Investment firms are spending a larger proportion of their budgets on software as data and artificial intelligence technology is seen to provide a competitive advantage

• February 14, 2018 14 Feb'18

  Blockchain to give global LGBT community a louder economic voice

  Blockchain will underpin a global platform that aims to give the LGBT community a more powerful economic voice

• February 14, 2018 14 Feb'18

  Nordic banks plan common cross-border payment infrastructure

  Banks in the different Nordic countries plan to move to a shared payments infrastructure

• February 14, 2018 14 Feb'18

  Australia’s national payment system will ease peer-to-peer payments

  New Payments Platform is expected to accelerate the decline of cash and cheques in Australia, as well as simplify invoicing for businesses through overlay services

• February 13, 2018 13 Feb'18

  Cyber security awareness top priority in financial sector

  Information security chiefs in the financial sector say cyber security awareness needs to be a top priority

• February 13, 2018 13 Feb'18

  Cryptocurrency mining consuming more electricity than Iceland’s homes

  Cryptocurrency mining in Iceland could use more power than all the households in the country combined

• February 12, 2018 12 Feb'18

  FS-ISAC enables safer financial data sharing with API

  The global financial industry's body for cyber and physical threat intelligence analysis and sharing has published an API to facilitate safer sharing of consumer financial information

• February 09, 2018 09 Feb'18

  Belgian police share Cryakl ransomware keys

  The Belgian police have released free decryption keys for the Cryakl ransomware through the No More Ransom project

• February 09, 2018 09 Feb'18

  Europe in the firing line of evolving DDoS attacks

  The Europe, Middle East and Africa region accounts for more than half the world’s distributed denial of service attacks, a report from F5 Labs reveals

• February 08, 2018 08 Feb'18

  Norway’s government backs cyber defence mobilisation

  Norway has accelerated plans to scale up its national security infrastructure against threats emanating from the cyber domain

• February 08, 2018 08 Feb'18

  Teenager suspected of crippling Dutch banks with DDoS attacks

  A large distributed denial of service attack on banks and other organisations in the Netherlands, first thought to emanate from Russia, is now thought to have been launched by a local teenager

• February 07, 2018 07 Feb'18

  Stay of execution for RBS branches and free devices for some customers

  RBS is offering free training and devices to some customers in Scotland to help them eventually live without bank branches

• February 06, 2018 06 Feb'18

  Lloyds Bank cuts CIO workforce

  Lloyds Banking Group is changing the skills make-up of its IT team to support demand for digital services

• February 06, 2018 06 Feb'18

  UK leads international crackdown on Luminosity spyware

  Law enforcement agencies shut down international support network for a hacking tool that allowed cyber criminals to gain remote control of victims’ computers

• February 05, 2018 05 Feb'18

  Appeals court rules Lauri Love will not be extradited over US hacking charges

  The lord chief justice, Lord Burnett, says 33-year-old engineering student Lauri Love will not be extradited to the US to face hacking charges, in a landmark legal decision, and the Crown Prosecution Service should bring proceedings against Love in ...

• February 01, 2018 01 Feb'18

  European Commission eyes blockchain opportunity

  The European Commission is aiming to get the most out of blockchain technology in a wide variety of sectors

• February 01, 2018 01 Feb'18

  Businesses urged to patch against cryptocurrency-mining botnet

  Researchers have uncovered further evidence that cyber criminals are cashing in on the popularity of cryptocurrencies, with the discovery of a global cryptocurrency-mining botnet

• February 01, 2018 01 Feb'18

  Dutch companies not ready for GDPR despite approaching deadline

  Organisations in the Netherlands are racing towards General Data Protection Regulation compliance, but there is still much to be done

• January 31, 2018 31 Jan'18

  Many businesses still using outdated security, says Troy Hunt

  Too many businesses are using out-of-date approaches to security, a world-renowned cyber security author and trainer warns

• January 31, 2018 31 Jan'18

  GDPR requests to take thousands of hours a month, says survey

  A recent survey predicts organisations will potentially face thousands of customer requests about their personal information every month, with many unprepared for GDPR compliance

• January 31, 2018 31 Jan'18

  Swedish banks embrace rapidly evolving chatbots

  Artificial intelligence is playing an increasingly important business role for Sweden’s banks – and chatbots are the starting point for many

• January 31, 2018 31 Jan'18

  Carillion not a like-for-like comparison with IT services firms, but an overt reminder

  Although Carillion’s problems are unlikely to hit major IT services suppliers, its collapse is a reminder of the need to ensure good governance

• January 30, 2018 30 Jan'18

  Davos: Cyber risks grow as countries turn towards protectionism

  The cost of natural disasters is now at record levels, but the cost of cyber crime is far higher. The World Economic Forum hopes to persuade governments to work together on the problem, but with isolationist politics back in fashion, can it succeed?

• January 29, 2018 29 Jan'18

  Millennials set to disrupt authentication, shows IBM study

  Young adults are lax on passwords, but are more comfortable than older generations with biometric and multifactor authentication, an IBM study shows

• January 29, 2018 29 Jan'18

  Hefty fines confirmed for CNI providers with poor cyber security

  The government has confirmed that critical infrastructure providers with poor cyber security face fines of millions of pounds as the National Cyber Security Centre publishes new guidance for the industry

• January 24, 2018 24 Jan'18

  Dark web Dream Market drives cyber fraud industry

  An international operation shut down the AlphaBay and Hansa marketplaces in July 2017, but new ones have sprung up on the dark web, with one in particular helping to drive cyber fraud

• January 23, 2018 23 Jan'18

  Mastercard sets biometric ID deadline for banks

  Mastercard has committed to guaranteeing that every one of its customers will have access to biometric authentication services by April 2019

• January 23, 2018 23 Jan'18

  Interview: Kaspar Korjus, Estonian e-Residency lead

  As the number of people signing up to become Estonian e-residents exceeds the country’s birth rate, Computer Weekly speaks to the man heading up the programme

• January 22, 2018 22 Jan'18

  NRF 2018: Cryptocurrencies “won’t take off”, says Visa executive

  Visa’s CEO, Alfred Kelly, told retailers at the 2018 NRF Big Show that bitcoin and other cryptocurrencies should be low on their list of priorities

• January 22, 2018 22 Jan'18

  IT of world’s banks is moving on from crippling regulation

  Banks need to invest more in fintech and IT skills as they emerge from years of stagnation

• January 22, 2018 22 Jan'18

  Cyber attackers exploiting trust in FTP servers

  Some cyber attackers are exploiting trust in FTP servers to distribute malware, security researchers warn

• January 21, 2018 21 Jan'18

  Cloud firm speeds customer analytics with Pure Storage arrays

  Cloudhelix replaces Pernix Data storage with Pure Storage FlashArray products to provide “brute force” performance approach for unpredictable customer workloads

• January 18, 2018 18 Jan'18

  Nordic IT executive interview: Daniel Kjellén, CEO, Tink

  Sweden could have a head start in the race to open up banking through the European Union’s PSD2 regulation

• January 18, 2018 18 Jan'18

  Next-gen Mirai botnet targets cryptocurrency mining operations

  A variant of the Satori botnet, a successor of the IoT device hijacking Mirai botnet, is designed to hijack cryptocurrency mining operations, syphoning off newly created digital coins

• January 17, 2018 17 Jan'18

  North Korean hackers tied to cryptocurrency attacks in South Korea

  North Korea's Lazarus Group targeted South Korean cryptocurrency exchanges and users in late 2017, but may soon go after exchanges and users in other countries, warns report

• January 17, 2018 17 Jan'18

  Davos: Disintegration of the internet could create economic turmoil

  Politicians and business leaders will discuss the risks posed by fake news, cyber attacks, and artificial intelligence to jobs, political stability and global security, at the World Economic Forum in Davos

• January 17, 2018 17 Jan'18

  UBS uses predictive analytics to manage its travel spend

  Swiss bank is getting a better insight into its business travel costs through an automated software platform

• January 16, 2018 16 Jan'18

  Financial savings just the beginning for CIOs who understand code quality

  Businesses need to understand the quality of the code in their applications if they are to avoid unnecessary costs and glitches

• January 16, 2018 16 Jan'18

  Abu Dhabi continues fintech agenda in 2018

  Abu Dhabi is open to developing its fintech ecosystem, with the next 12 months expected to see more focus on the sector

• January 11, 2018 11 Jan'18

  Hard Brexit risks 92,000 UK science and technology jobs

  Economic analysis commissioned by London mayor Sadiq Khan warns that thousands of jobs in science and technology sectors be at risk if UK crashes out of EU with no deal

• January 10, 2018 10 Jan'18

  UAE tech growth prompts firms to review internal IT security

  As IT becomes more prominent in the UAE economy, more and more internal connections between people and systems are created, all of which need to be secured