News

IT for financial services

• March 30, 2023 30 Mar'23

  OSC&R supply chain security framework goes live on Github

  The OSC&R framework for understanding and evaluating threats to supply chain security has made its debut on Github to allow anybody to contribute to the framework

• March 30, 2023 30 Mar'23

  NCSC issues revised security Board Toolkit for business leaders

  National Cyber Security Centre calls on CEOs and senior business leaders to take a more hands-on approach to cyber resilience with the launch of revised board-level tools

• March 30, 2023 30 Mar'23

  How millions of consumers and businesses are using open banking

  SMEs and consumers are increasingly turning to open banking services to help them manage their businesses and lives

• March 30, 2023 30 Mar'23

  Climate change vs technology: Study suggests tech investments could mitigate environmental risks

  Bloomberg Media report, sponsored by investment firm Mubadala, highlights human impacts of various industry megatrends, including climate change and technology adoption

• March 29, 2023 29 Mar'23

  UK’s open banking industry at a crossroads

  The UK open banking sector is at a crossroads and suppliers need more certainty about its direction, says report

• March 29, 2023 29 Mar'23

  Lloyds Bank looking for fintech partners

  Lloyds Banking Group wants to partner startups in the financial services sector in its latest fintech and insurtech programme

• March 28, 2023 28 Mar'23

  Apple security updates fix 33 iPhone vulnerabilities

  A larger-than-usual update to Apple’s mobile operating system fixes more than 30 distinct vulnerabilities, including two serious issues that may potentially affect device kernels

• March 28, 2023 28 Mar'23

  BNP Paribas moves to Swedish datacentre in high-performance computing strategy

  BNP Paribas is moving data-intensive workloads to a Swedish datacentre to increase capacity while reducing its carbon footprint

• March 28, 2023 28 Mar'23

  Barclays makes further cut to branch network

  Barclays cuts another 14 branches from its network as it continues to see a migration to digital banking channels

• March 28, 2023 28 Mar'23

  Ransomware attacks up 45% in February, LockBit responsible

  NCC Group says it observed a surge in ransomware attacks in February, with LockBit, BlackCat and BianLian all highly active

• March 27, 2023 27 Mar'23

  Many of world’s biggest banks lack transparent policies for responsible AI

  It is unclear whether many of the world’s largest banks have adopted and are using ethical artificial intelligence development principles

• March 27, 2023 27 Mar'23

  CBI launches campaign to boost UK tech unicorns

  The CBI has launched a campaign to transform the UK’s technology unicorns into decacorns valued at $10bn, with specific policy recommendation due to be published later in 2023

• March 27, 2023 27 Mar'23

  JP Morgan pilots palm and face-recognition technology in US

  JP Morgan is testing out its biometric payment technology in selected retailer stores and at the upcoming Formula 1 Grand Prix in Miami

• March 24, 2023 24 Mar'23

  National Crime Agency sting operation infiltrates cyber crime market

  The UK National Crime Agency has tricked thousands of potential cyber criminals into registering with a fake website pretending to offer tools for creating DDoS attacks

• March 24, 2023 24 Mar'23

  Over a third of UK’s online transactions used digital wallets

  Mobile phone-based digital wallets are fast becoming a preferred method of buying goods and services online

• March 23, 2023 23 Mar'23

  Nationwide Building Society begins another ‘generational’ tech change

  Nationwide Building Society's migration of its payments to a cloud-based software platform is a ‘generational change’

• March 23, 2023 23 Mar'23

  US bakery pilots Amazon tech for palm payments

  Amazon's palm-scanning authentication technology is being used by US bakery and café chain to boost use of its loyalty programme

• March 21, 2023 21 Mar'23

  Ransomware gangs harass victims to ‘bypass’ backups

  Analysis reveals how cyber criminal gangs are turning to extensive, targeted harassment campaigns to force victims to pay up, even if their backups are in good order

• March 20, 2023 20 Mar'23

  NatWest announces ID service for its customers

  The identities of NatWest customers engaging with businesses online can be confirmed by the bank's ID service in seconds

• March 20, 2023 20 Mar'23

  BBC cracks down on TikTok after review

  The BBC is asking staff not to install TikTok on corporate-owned devices without a justified business purpose, although its use will still be allowed to share media content with its audiences

• March 20, 2023 20 Mar'23

  Inside AIA’s cloud adoption journey

  The Hong Kong-based multinational insurance firm has moved 86% of its IT infrastructure to public cloud to drive growth, productivity and efficiency

• March 17, 2023 17 Mar'23

  UK TikTok ban gives us all cause to consider social media security

  The UK government’s ban on TikTok should give all organisations cause to look into what information social media platforms are collecting on us, and what they are using it for

• March 16, 2023 16 Mar'23

  BEC attacks doubled in 2022, outstripping ransomware

  Massive growth in the volume of Business Email Compromise or BEC attacks was linked to a surge in successful phishing campaigns, according to data from Secureworks

• March 16, 2023 16 Mar'23

  Mandiant: Dangerous MS Outlook zero-day widely used against Ukraine

  A zero-day vulnerability in Microsoft Outlook that was fixed in the March Patch Tuesday update has likely been actively exploited by Russian actors for a year or more, and its use will now spread rapidly

• March 15, 2023 15 Mar'23

  Chinese Silkloader cyber attack tool falls into Russian hands

  A loader tool used by Chinese cyber criminals seems to have been enthusiastically taken up in recent weeks by Russian ransomware operators

• March 15, 2023 15 Mar'23

  Microsoft patches Outlook zero-day for March Patch Tuesday

  A highly dangerous privilege escalation bug in Outlook is among 80 different vulnerabilities patched in Microsoft’s March Patch Tuesday update

• March 14, 2023 14 Mar'23

  Central bank digital currency use set to soar over next seven years

  The use of central bank-backed digital currencies is set to explode over the next seven years as governments drive adoption to increase financial inclusion

• March 13, 2023 13 Mar'23

  MI5 to oversee new National Protective Security Authority

  The new National Protective Security Authority will address various national security threats including state-sponsored cyber espionage against UK targets

• March 07, 2023 07 Mar'23

  Nationwide goes cloud native to transform payments

  Nationwide Building Society is moving retail payments from on-premise systems to a cloud-native platform

• March 06, 2023 06 Mar'23

  Fintech industry calls for regulatory change to help struggling consumers

  Fintech trade body calls for regulatory changes to allow fintechs to broaden services for people struggling in the cost-of-living crisis

• March 03, 2023 03 Mar'23

  Shawbrook Bank uses Pegasystems for low-code business process rewrite

  SME lending and savings bank Shawbrook Bank is using a low-code platform from Pegasystems to rewrite outdated business processes

• February 28, 2023 28 Feb'23

  Two years on from the Kalifa report, UK fintechs speak out

  Two years after the UK government’s Kalifa fintech report, entrepreneurs warn of a continuing Brexit headache and slow regulatory reform

• February 28, 2023 28 Feb'23

  Government announces national fintech hub

  The UK Treasury has announced a centre for fintech innovation, two years after a major report recommended one

• February 23, 2023 23 Feb'23

  WithSecure proposes ‘undo’ button for ransomware

  WithSecure’s Activity Monitor technology supposedly overcomes the shortcomings of sandbox test environments, and may be able to stop ransomware attacks from ever happening

• February 23, 2023 23 Feb'23

  Santander SME platform harnesses Salesforce

  Bank platform that helps UK small and medium-sized enterprises expand export opportunities is built on cloud technology from Salesforce

• February 22, 2023 22 Feb'23

  Researchers find new bug ‘class’ in Apple devices

  A group of vulnerabilities in Apple products that stem from the ForcedEntry exploit used by spyware firm NSO constitutes a whole new class of bug, say researchers at Trellix

• February 22, 2023 22 Feb'23

  Dutch cyber security professionals experience stress akin to soldiers in war zone, claims expert

  Cyber attacks are taking a heavy toll on Dutch IT professionals, with over a third reporting that their mental health suffers as a result

• February 22, 2023 22 Feb'23

  Half of cyber leaders to switch jobs by 2025, citing stress

  A substantial number of cyber security leaders are plotting their great escape, saying the industry is leaving them too stressed to go on, according to a study

• February 21, 2023 21 Feb'23

  Seven million people in UK used open banking services in 2022

  More than seven million people used services that harnessed open banking last year, with 1.2 million of these first-time users

• February 21, 2023 21 Feb'23

  UK finance firms short of data skills

  Financial services companies in the UK lack the data skills they will need to succeed in an increasingly digital world

• February 21, 2023 21 Feb'23

  Average consumer spent more than £3,300 using contactless payments in 2022

  The amount of money spent using contactless payment technology continues to rise as consumers take advantage of higher allowable spending limits

• February 20, 2023 20 Feb'23

  App-based Zopa bank buys BNPL fintech

  App-based Zopa bank is adding a buy now, pay layer platform to its technology stack through its first acquisition

• February 17, 2023 17 Feb'23

  CIO interview: Hans van der Waal, director of global IT, Travelex

  Travelex has weathered a storm that saw it sink into administration, before emerging to solidify its digital foundations for the future

• February 16, 2023 16 Feb'23

  Financial advisory firm Succession Wealth probes cyber attack

  Aviva-owned wealth consultancy and financial advisory practice Succession Wealth was hit by an undisclosed security incident on 8 February

• February 15, 2023 15 Feb'23

  Multi-purpose malwares can use more than 20 MITRE ATT&CK TTPs

  Report warns of the development of increasingly sophisticated, multi-purpose malwares, and calls on defenders to play close attention to the MITRE ATT&CK framework to ward them off

• February 15, 2023 15 Feb'23

  Microsoft fixes three zero-days in February update

  February’s Patch Tuesday update contains fixes for three previously unpublicised zero-days in Microsoft Office, Windows Graphics Component and Windows Common Log File System Driver

• February 15, 2023 15 Feb'23

  UK saw fintech investment collapse in 2022, but is still a world leader

  Fintech investment in the UK sees steep drop, but the country was still a top destination for capital

• February 14, 2023 14 Feb'23

  Vidar, nJRAT re-emerge as prominent malware threats in January

  Trojans and infostealers once again dominate the list of most commonly observed threats, according to Check Point’s latest telemetry

• February 14, 2023 14 Feb'23

  UK authorities clamp down on illegal crypto ATMs

  The Financial Conduct Authority and West Yorkshire Police have disrupted a number of illegal crypto ATMs

• February 14, 2023 14 Feb'23

  ‘Buy now, pay later’ crackdown in the making

  The finance regulator has proposed bringing ‘buy now, pay later’ providers within its regulatory remit