News

IT for financial services

• January 09, 2023 09 Jan'23

  JPMorgan ordered to face lawsuit over cyber attack on Ray-Ban maker

  US banking giant JPMorgan forced to respond to accusations that it failed to inform a business customer about suspicious transactions

• January 06, 2023 06 Jan'23

  Proposed digital fraud refund rules risk excluding many victims

  Proposals to establish a fraud refund mechanism in the UK risk excluding many victims of digitally enabled fraud, a major bank has warned

• January 05, 2023 05 Jan'23

  Cashless Denmark has no bank robberies in a year for first time

  Denmark saw no bank robberies in a single year for the first time ever, but online fraud continues to increase

• January 05, 2023 05 Jan'23

  How technology is fuelling CommBank’s customer experience

  The Commonwealth Bank of Australia has built up capabilities in cloud and microservices while empowering engineering teams to solve complex customer problems

• January 04, 2023 04 Jan'23

  Traditional banking under threat from platform-based alternatives

  Banking as a service embedded in non-banking business offerings will take large chunks from traditional banks

• January 04, 2023 04 Jan'23

  Diversity and inclusion figures high in New Year Honours List 2023

  The New Year Honours List 2023 hailed those in the technology community who promote diversity and inclusion

• December 29, 2022 29 Dec'22

  Top 10 Nordic IT stories of 2022

  Here are Computer Weekly's top 10 Nordic IT articles of 2022

• December 23, 2022 23 Dec'22

  Top 10 financial services IT stories of 2022

  Here are Computer Weekly’s top 10 financial services IT articles of 2022, looking back at the moves and changes over the past year

• December 22, 2022 22 Dec'22

  Top 10 cyber security stories of 2022

  The war in Ukraine loomed large over the cyber security news agenda, but 2022 also saw growing awareness of open source security, discussion around cyber insurance, and more besides

• December 22, 2022 22 Dec'22

  Top 10 cyber crime stories of 2022

  Cyber crime continued to hit the headlines in 2022, with impactful cyber attacks abounding, digitally enabled fraud ever more widespread and plenty of ransomware incidents

• December 20, 2022 20 Dec'22

  Four-day working week set to stay at Atom bank

  Challenger bank Atom has formalised a four-day working week policy after a successful trial

• December 20, 2022 20 Dec'22

  TSB hit with huge fine after IT migration disaster

  TSB has been fined nearly £50m due to failings during its IT migration catastrophe

• December 14, 2022 14 Dec'22

  Ethical hackers flex their muscles in 2022

  Ethical hackers working through HackerOne programmes found 21% more vulnerabilities in 2022 than in 2021

• December 14, 2022 14 Dec'22

  Microsoft and London Stock Exchange agree £2.3bn 10-year cloud deal

  The London Stock Exchange is building on its acquisition of financial data provider Refinitiv through a deal with Microsoft

• December 14, 2022 14 Dec'22

  Microsoft fixes two zero-days in final Patch Tuesday of 2022

  December’s Patch Tuesday is typically a light month for Microsoft, and this year proved no exception, but there are still several critical issues worth addressing, and two zero-days for defenders to pore over

• December 13, 2022 13 Dec'22

  EU issues draft data adequacy decision in favour of US

  The European Commission has concluded that the United States does ensure an adequate level of protection for personal data transferred from the European Union and will now launch the process towards the adoption of an adequacy decision

• December 13, 2022 13 Dec'22

  The nature of the CISO role will be in flux in 2023

  As cyber risk outpaces organisational defences, and cyber attacks and breaches cause more and more damage, the nature of the CISO role is entering a state of flux, according to a report

• December 09, 2022 09 Dec'22

  Iranian APT seen exploiting GitHub repository as C2 mechanism

  A subgroup of the Iran-linked Cobalt Mirage APT group has been caught taking advantage of the GitHub open source project as a means to operate its latest custom malware

• December 09, 2022 09 Dec'22

  Digital bank to recruit 1,000 tech experts in Manchester

  App-based bank Starling is adding 1,000 people to its workforce with technology professionals being recruited for its new operation in Manchester

• December 08, 2022 08 Dec'22

  Consumers to get new protections against dodgy apps

  Government’s new code of practice will impose new privacy and security measures on app store operators and developers

• December 08, 2022 08 Dec'22

  Apple to tap third party for physical security keys

  Apple is launching a number of new security protections, including the addition of third-party-provided hardware security keys

• December 07, 2022 07 Dec'22

  Deutsche Bank powers new banking apps with Nvidia AI acceleration

  The bank is looking at how AI acceleration can process financial texts, accelerate risk analysis and support its plans for the metaverse

• December 06, 2022 06 Dec'22

  Don’t become an unwitting tool in Russia’s cyber war

  Researchers have turned up evidence that enterprise networks are being co-opted by Russian threat actors to launch attacks against targets in Ukraine. How can you avoid becoming an unwitting tool in a state-backed attack?

• December 05, 2022 05 Dec'22

  Fake investment ads persist on Meta’s social networks

  Online adverts for investment scams relating to property and crypto assets are still getting past measures designed to stop them

• December 02, 2022 02 Dec'22

  Post Office boosted its ‘coffers’ as Horizon system threw up unexplained shortfalls, inquiry told

  The Post Office was ‘keen’ to make subpostmasters cover unexplained accounting shortfall as its business struggled, public inquiry hears

• November 30, 2022 30 Nov'22

  Latest LockBit ransomware versions have wormable capabilities

  Sophos researchers have reverse-engineered the Lockbit 3.0 ransomware, shedding new light on its evolving capabilities and firming up links with BlackMatter

• November 28, 2022 28 Nov'22

  CIO interview: David Charnley, head of transformation and strategy, NatWest Group

  Data is at the heart of the banking giant’s push to improve customer experience – and to enhance its environmental credentials

• November 25, 2022 25 Nov'22

  Data management, backup becoming the CISO's responsibility

  More and more CISOs are taking on responsibility for wider data management strategies, and this trend looks set to grow next year

• November 23, 2022 23 Nov'22

  UK police arrest 120 in largest-ever cyber fraud crackdown

  The administrator and more than 100 users of the iSpoof.cc cyber fraud website have been arrested in a major counter-fraud operation led by the Metropolitan Police

• November 23, 2022 23 Nov'22

  South Korea data adequacy pact brings £15m Brexit bonus

  UK government finalises a data adequacy agreement with South Korea, saying it will unlock a post-Brexit business bonus of just under £15m

• November 22, 2022 22 Nov'22

  Ducktail spins new tales to hijack Facebook Business accounts

  The increasingly active Ducktail cyber crime operation is refining its operations, seeking new methods to compromise its victims’ Facebook Business accounts

• November 22, 2022 22 Nov'22

  Killnet DDoS hacktivists target Royal Family and others

  Russia-aligned hacktivists targeted multiple UK websites, including those of the Royal Family, in a new campaign of DDoS attacks

• November 22, 2022 22 Nov'22

  C-suite mystified by cyber security jargon

  Malware, supply chain attack, zero-day, IoC, TTP and Mitre ATT&CK are just some of the everyday terms that security pros use that risk making the world of cyber incomprehensible to outsiders

• November 18, 2022 18 Nov'22

  Is Elon Musk’s Twitter safe, and should you stop using it?

  With a litany of security and compliance issues exposed and in many cases caused by Elon Musk’s takeover of social media platform Twitter, some may be asking if it’s still safe or appropriate to use

• November 17, 2022 17 Nov'22

  Brexit deregulation will make UK next Silicon Valley, vows Hunt

  Chancellor vows to revolutionise how the IT industry is regulated to spur competition, investment and innovation in a technological ‘Big Bang’

• November 17, 2022 17 Nov'22

  Another Log4Shell warning after Iranian attack on US government

  The breach of a US federal body by an Iranian threat actor exploiting the Adobe Log4j Log4Shell vulnerability has prompted a fresh flurry of patching

• November 16, 2022 16 Nov'22

  Global network fragmentation a source of increasing risk

  Risk consultancy’s report says the weaponisation of cyber space and geopolitical clashes herald a breakdown of global networks into distinct regional or national architectures

• November 15, 2022 15 Nov'22

  TikTok influencers are better than finance firms for money advice, say quarter of young adults

  Young people are turning to TikTok-based influencers for advice on how to manage their finances and where to bank

• November 15, 2022 15 Nov'22

  APP fraud volumes expected to double by 2026, says report

  Losses to authorised push payment fraud in the UK are expected to climb to over $1.5bn in the next four years. Meanwhile, the NAO accuses the Home Office of lagging on progress to tackle the issue

• November 14, 2022 14 Nov'22

  CaixaBank robot answers the most customer questions

  AI-based virtual assistant at Spanish bank is now used by over four million customers

• November 11, 2022 11 Nov'22

  Volume of self-reported breaches to ICO jumps 30%

  The number of self-reported breaches to the UK’s Information Commissioner’s Office soared by nearly 30% in the 12 months to 30 June 2022

• November 09, 2022 09 Nov'22

  Microsoft serves smorgasbord of six zero-days

  November’s Patch Tuesday fixes significantly fewer vulnerabilities of late, but includes six actively-exploited zero-days, three of them of critical severity

• November 04, 2022 04 Nov'22

  Microsoft: Nation-state cyber attacks became increasingly destructive in 2022

  The willingness of nation-state actors to conduct destructive cyber attacks is a source of grave concern, as Microsoft’s latest annual Digital Defence Report lays bare

• November 03, 2022 03 Nov'22

  Microsoft pledges $100m in new IT support for Ukraine

  Microsoft will continue to offer free-of-charge technology support to Ukraine for the foreseeable future

• November 01, 2022 01 Nov'22

  A third of UK cyber leaders want to quit, report says

  Nearly a third of UK security leaders are considering leaving their current role, and more than half are struggling to keep on top of their workload

• October 31, 2022 31 Oct'22

  Prepare today for potentially high-impact OpenSSL bug

  OpenSSL trailed a critical vulnerability patch last week, which will be only the second such flaw ever found in the open source encryption project. Unfortunately, the first was Heartbleed

• October 27, 2022 27 Oct'22

  LinkedIn adds new features to safeguard user privacy, security

  Social media platform is adding a number of features and systems designed to protect legitimate users from inauthentic profiles and activity

• October 27, 2022 27 Oct'22

  Santander calls for cooperation to tackle APP fraud

  New report puts forward key recommendations that the banking sector, government and other industries could take to tackle authorised push payment fraud

• October 25, 2022 25 Oct'22

  Apple patches new iPhone zero-day

  Apple’s latest patch fixes yet another zero-day, as security issues keep surfacing in its mobile products

• October 25, 2022 25 Oct'22

  UK finance regulator investigates big tech finance threats and benefits

  The UK financial services regulator is gathering information about the benefits and targets of big tech firms offering financial services