IT for financial services

Flexibility and integration drove NatWest Microsoft Dynamics migration

NatWest Business Banking selected Microsoft Dynamics CRM when it realised it needed full CRM capability Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banking with dinosaurs – the legacy IT crisis in financial services

In this week’s Computer Weekly, we examine the recent IT problems at high-street banks, and find out how outsourcing led to the loss of vital legacy IT skills. We ask what role wearable technology could have in enterprise IT. We take an in-depth look at the tools for using Microsoft Azure for building hybrid clouds. And we analyse the storage infrastructure challenges from introducing desktop virtualisation. Read the issue now. Continue Reading

Employee mobiles expose firms to attack, says Webroot

Employees mobile devices expose companies to malicious applications and attacks, according to the latest mobile threat report from Webroot Continue Reading

By

• Warwick Ashford, Senior analyst

UK firms see 1,000+ internal data breaches a day, study finds

Internal threats are not a high priority for UK firms despite more than 1,000 internal data breaches a day Continue Reading

By

• Warwick Ashford, Senior analyst

NHS England puts patient database on hold

NHS England is to delay by six months the roll-out of its controversial Care.data scheme for sharing patient records through a central database Continue Reading

By

• Warwick Ashford, Senior analyst

Cut Microsoft admin rights to mitigate 92% of threats, study shows

Removing Microsoft admin rights from employees mitigates 92% of critical vulnerabilities reported in 2013 Continue Reading

By

• Warwick Ashford, Senior analyst

Why IT outsourcing is increasingly blamed for IT failures at banks

Are the IT problems at UK banks caused by outsourcing or the use of decades-old mainframe technology – or is it a combination of the two? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Rights groups call on White House to open privacy review

A coalition of 25 rights groups is calling for a 90-day US government review of big data and the future of privacy to be opened up to the public Continue Reading

By

• Warwick Ashford, Senior analyst

UK among targets of 'Mask' advanced cyber espionage campaign

The UK has been hit more than 100 times in an advanced global cyber espionage campaign that has gone undetected for more than five years Continue Reading

By

• Warwick Ashford, Senior analyst

Barclays bank leaks thousands of customer records

Regulators investigate Barclays after a whistleblower claims the bank leaked 27,000 customer records Continue Reading

By

• Warwick Ashford, Senior analyst

Large internet companies could win insurance customers

Almost a quarter of consumers would consider large internet companies – such as Google and Amazon – as possible insurance providers. Continue Reading

UK critical infrastructure at risk of cyber attack, says IET report

UK critical national infrastructure is at risk of cyber attack, says a report by consultancy Atkins for the Institution of Engineering and Technology (IET) Continue Reading

Bank of England publishes Waking Shark II cyber security exercise results

Bank of England publishes the results of its Waking Shark II security exercise, which tested financial institutions' contingency plans for cyber attack Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

NHS site malicious redirects are a warning to developers

A coding error that redirected NHS website visitors to malicious content should be a warning to developers, say security experts Continue Reading

By

• Warwick Ashford, Senior analyst

Hackers access Yahoo Mail with stolen passwords

Yahoo has revealed that hackers have tried to access some Yahoo Mail accounts with stolen passwords Continue Reading

By

• Warwick Ashford, Senior analyst

Lenovo buys Google’s Motorola Mobility in $3bn deal

Google has announced the sale of its Motorola Mobility unit to Chinese computer maker Lenovo in a $3bn deal Continue Reading

By

• Warwick Ashford, Senior analyst

Cyber security quest strong in UK, says Isaca

There is a strong interest in cyber security in the UK, says Rob Stroud, international president-elect for Isaca Continue Reading

By

• Warwick Ashford, Senior analyst

Barclays job cuts to hit IT VPs

Barclays is planning to cut hundreds of jobs in its UK investment banking operation with more jobs expected to go overseas Continue Reading

Tablets in the workplace

In this week’s Computer Weekly, our latest buyer’s guide examines the rise of tablets in the workplace, and the options for how to fit them in to the corporate IT environment. After the latest RBS crash, we look at the risks to the UK banking system from over-reliance on legacy IT. And we find out from UK charity Cancer Research how flash storage helped deliver big improvements in application performance. Read the issue now. Continue Reading

New Snapchat security measure easily by-passed, says researcher

A new Snapchat security measure to verify users are human is easily by-passed, says researcher Continue Reading

By

• Warwick Ashford, Senior analyst

US startup aims to turn tables on hackers

US startup Shape Security is turning the tables against hackers by using one of their own techniques against them Continue Reading

By

• Warwick Ashford, Senior analyst

CERT-UK to drive international cyber security collaboration

The UK’s new national computer emergency response team (CERT-UK) is set to drive international cyber security collaboration once it becomes operational Continue Reading

By

• Warwick Ashford, Senior analyst

Allianz deploys Rumba to provide secure mainframe administration

Insurer Allianz UK has deployed Rumba terminal emulator software from MicroFocus to provide a mainframe-based policy admin system Continue Reading

By

• Cliff Saran, Managing Editor

The IT risks facing Universal Credit

In this week’s Computer Weekly, we examine the ongoing IT risks facing the UK government’s highest-profile IT project – the troubled Universal Credit programme to reform the UK’s welfare system. We talk to IT leaders to find out their spending priorities for 2014 and how their IT budgets are shaping up. The digital chief at BBC Worldwide talks about managing technology innovation. And we find out about the latest best practice in improving datacentre performance. Read the issue now. Continue Reading

HCL and CSC partner to modernise applications

Indian IT services firm HCL and US competitor CSC are working together to win business in the application modernisation and cloud migration segments of the application outsourcing sector Continue Reading

Big banks' legacy IT systems could kill them

A banking T-Rex is dying and nimble competitors will pick at its carcass. Is it too late for the retail bank giants to overhaul their IT and survive? Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Top European IT initiative to support business in 2014?

Expanding IT to support business growth is one of the biggest areas of focus for IT departments in 2014, so what does this mean? Continue Reading

By

• Warwick Ashford, Senior analyst

HSBC boss to take over BT Openreach

BT confirms Joe Garner will take over as the CEO of its Openreach division when Liv Garfield steps down in February Continue Reading

By

• Jennifer Scott, TechTarget

CW Europe – Jan 2014 edition

Analysts have predicted that 2014 will see the creation of “executives with no idea about IT sourcing” due to the many changes that digitisation will bring to IT outsourcing. In this issue CW Europe’s outsourcing editor looks at how digitisation and consumerisation are changing the IT department. Continue Reading

Security Think Tank: Information security strategy should support the business

How should Edward Snowden's revelations about the NSA and GCHQ influence future information security strategies in the UK? Continue Reading

By

• Adrian Davis, (ISC)²

Infosec Skills, BCS announce winners of Cyber Security Challenge

Stuart Pringle, Simon Robinson and Robert Wyllie have won over £2,000 of training and a place in the semi-final of the current UK Cyber Security Challenge Continue Reading

By

• Warwick Ashford, Senior analyst

Is cloud computing almost too good to be true for banks?

The cloud’s most obvious benefits will enable banks to keep up with technology changes while reducing costs Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Yahoo claims malicious ads under control

Yahoo says the situation is under control after its advertising network served up malware to thousands of visitors last week Continue Reading

By

• Warwick Ashford, Senior analyst

FireEye acquires Mandiant in $1bn deal

Security firm FireEye has bought Mandiant in a deal worth just over $1bn Continue Reading

By

• Warwick Ashford, Senior analyst

Facebook faces lawsuit over monitoring private messages

Facebook is facing a lawsuit that claims it scans the contents of private messages to profile the user’s online activity Continue Reading

By

• Warwick Ashford, Senior analyst

Bank robberies down 90% thanks to technology, says report

Robberies at British banks have fallen by over 90% in two decades, according to a report by the British Bankers’ Association Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

Top 10 IT privacy stories of 2013

Stories related to whistleblower Edward Snowden’s revelations about internet mass surveillance programmes by the US and the UK have dominated this year Continue Reading

By

• Warwick Ashford, Senior analyst

User acceptance testing needs real training, not just a short course

In spite of its importance, user acceptance testing (UAT) is often chaotic, problematic and ineffective Continue Reading

By

• Pauline van Goethem
• Brian Hambling

Research reveals widespread mobile app hacking

The top 100 paid Android apps and 56% of the top 100 paid Apple iOS apps have been hacked, research has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Thirteen plead guilty to Anonymous DDoS attack on Paypal

Thirteen people have pleaded guilty to taking part in DDoS attacks on eBay’s Paypal, organised by the Anonymous hacker group in 2010 Continue Reading

By

• Warwick Ashford, Senior analyst

Ransomware looks set to increase, warns Sophos

Cyber criminals are planning to produce new forms of ransomware on an unprecedented scale, according to IT security firm Sophos Continue Reading

By

• Warwick Ashford, Senior analyst

Computer system failure delays hundreds of UK flights

Hundreds of flights at several UK airports were delayed or cancelled at the weekend because of a computer failure at National Air Traffic Services (NATS) Continue Reading

By

• Warwick Ashford, Senior analyst

Automation key to balancing agility and security, says AlgoSec

Automated critical business application management enables a more agile business and enhances security, says security policy management firm AlgoSec Continue Reading

By

• Warwick Ashford, Senior analyst

UKtech50 2013 – the most influential people in UK IT

Computer Weekly has announced the fourth annual UKtech50, our definitive list of the movers and shakers in UK IT - the CIOs, industry executives, public servants and business leaders driving the role of technology in the UK economy Continue Reading

By

• Bryan Glick, Editor in chief

Proof-of-concept malware jumps air gap with sound card

Researchers demonstrate proof-of-concept malware exfiltrating data using high-frequency transmissions inaudible to humans Continue Reading

By

• Warwick Ashford, Senior analyst

The Guardian denies Snowden stories damaged national security

Guardian editor Alan Rusbridger defends decision to publish stories on documents leaked by whistleblower Edward Snowden Continue Reading

By

• Warwick Ashford, Senior analyst

UK proposes formal talks on cyber security with China

Prime minister David Cameron has called on China to be more open about cyber security Continue Reading

By

• Warwick Ashford, Senior analyst

EU calls on US to rebuild trust in post-Snowden era

The EC has called on the US to provide guarantees to restore trust in the wake of spying revelations Continue Reading

By

• Warwick Ashford, Senior analyst

Banks must engage effectively with customers via Twitter

Retail banks must take advantage of social media to engage with customers, said digital banking experts. Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

NCA changed UK cyber crime fighting, says NCCU head

The NCA has changed the UK law enforcement landscape, says Andy Archibald, head of the NCA’s National Cyber Crime Unit Continue Reading

By

• Warwick Ashford, Senior analyst

Government lays out 2014 cyber security agenda

The UK government has reiterated its commitment to addressing cyber security and laid out some plans for 2014 at the Cyber Security Summit 2013 Continue Reading

By

• Warwick Ashford, Senior analyst

The state of agile software development in the UK

Lately it is more surprising to hear that businesses are developing using a methodology other than agile, such is its widespread use Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

White hat Wi-Fi hacking shows vulnerability of business data

Whitehat hackers have shown that senstitive data can be sniffed easily from public Wi-Fi hotspots Continue Reading

By

• Warwick Ashford, Senior analyst

FTSE 350 firms complete cyber risk assessment

Most FTSE 350 companies put cyber risk on the board agenda, but many need to improve how they manage that risk Continue Reading

By

• Warwick Ashford, Senior analyst

Banks clamp down on traders in chat rooms

Traders at several banks have been banned from chat rooms in the wake of scandals including the manipulation of the Libor interbank lending rate Continue Reading

CSA appoints Microsoft’s Adrienne Hall to board

The CSA has appointed Adrienne Hall, from Trustworthy Computing at Microsoft, to its board of directors Continue Reading

By

• Warwick Ashford, Senior analyst

Pegasystems CEO Alan Trefler plans his next move for the $500m software company

Alan Trefler discusses his plans for Pegasystems, the BPM and CRM specialist that has grown into a $500m a year company Continue Reading

By

• Bill Goodwin, Computer Weekly

Report highlights poor UK attitudes to mobile security

Businesses should note that many UK mobile users do not take security precautions and do not know how to guard against data theft Continue Reading

By

• Warwick Ashford, Senior analyst

Investec CISO warns that legacy tapes will fail on new hardware

Many organisations may find that years of irreplaceable tape backups are inaccessible because modern machines cannot handle legacy format Continue Reading

By

• Cliff Saran, Managing Editor

Google reaches $17m multi-state settlement over Safari snooping

Google has reached a $17m settlement agreement with 10 US states for bypassing Apple Safari privacy settings Continue Reading

By

• Warwick Ashford, Senior analyst

Google and Microsoft to block searches for child porn

Google and Microsoft have announced measures to make it more difficult to find child abuse images online Continue Reading

By

• Warwick Ashford, Senior analyst

Cyber collateral damage a concern for all, says Lancope

All organisations could be affected by cyber attack collateral damage, says network security firm Lancope Continue Reading

By

• Warwick Ashford, Senior analyst

Europe to follow US clearance of mobile devices on flights

The European aviation regulator is to follow the US lead in easing restrictions on the use of mobile electronic devices during flights Continue Reading

By

• Warwick Ashford, Senior analyst

Mass surveillance a bad idea, says Information Commissioner Christopher Graham

Information Commissioner Christopher Graham says issues of national security must not overshadow concerns of legitimate public interest Continue Reading

By

• Warwick Ashford, Senior analyst

Web surveillance not a good idea, says Info Commissioner

Information Commissioner Christopher Graham says issues of national security cannot be allowed to overshadow concerns of legitimate public interest Continue Reading

By

• Warwick Ashford, Senior analyst

NSA and GCHQ mass surveillance violates EU law, study finds

Mass internet surveillance by US and UK intelligence agencies violates European law, according to a study by two academics Continue Reading

By

• Warwick Ashford, Senior analyst

UK intelligence heads defend mass surveillance operations

Heads of the UK’s intelligence services insist all they do in term of mass surveillance is strictly within the confines of UK law Continue Reading

By

• Warwick Ashford, Senior analyst

Nationwide to carry out mortgage consultations by video

Nationwide Building Society will enable mortgage consultants to meet customers via high-definition video links using Cisco technology Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Co-operative Bank’s future dependent on £500m IT investment

Co-operative Bank has set aside £500m for four stage IT transformation as it attempts to stabilise after investors contribute to a £1.5bn rescue Continue Reading

Analysis: RSA says security needs to change, but what does that mean?

RSA executive chairman Art Coviello has issued a call to action to the security industry to improve technology and collaboration Continue Reading

Most businesses need to transform IT security, says RSA

No modern network or IT system can withstand the onslaught of a skilled adversary, given focus and time, says Amit Yoran, general manager of RSA Continue Reading

By

• Warwick Ashford, Senior analyst

Financing IT purchases

There are a number of ways a new IT platform can be acquired but choosing the right method for your business is key. Continue Reading

By

• Clive Longbottom

Innovation in banking

In this week’s Computer Weekly, we talk to several leading European banks to find out how they are using disruptive technologies to build a closer rapport with customers. We ask whether the release of Windows Server 2012 R2 means Microsoft is now ready to rival VMware for hybrid cloud and virtualisation projects. We assess the emerging leaders in the flash storage market. And we find out how one early adopter of Windows 8 tablets is using the mobile devices. Read the issue now. Continue Reading

Cyber attack shuts down Israeli toll road tunnel

A cyber attack has shut down a major link in Israel's national road network, experts claim Continue Reading

By

• Warwick Ashford, Senior analyst

Samsung reports record Q3 profits of £4.8bn

Samsung has reported record third quarter profits of £4.8bn driven mainly by revenues from memory chips Continue Reading

By

• Warwick Ashford, Senior analyst

European Central Bank warns against last-minute Sepa migrations

The European Central Bank warns firms that have left migration to the Single European Payments Area (Sepa) they could face problems Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Thales launches critical infrastructure cyber security lab

Thales has set up a cyber security lab dedicated to help improve the security of critical national infrastructure, government and business Continue Reading

By

• Warwick Ashford, Senior analyst

US publishes draft cyber security framework

The US has published a draft framework of voluntary cyber security standards aimed at reducing risks to critical national infrastructure Continue Reading

By

• Warwick Ashford, Senior analyst

Microsoft withdraws faulty Windows RT 8.1 update for Surface tablets

Microsoft has widthdrawn its Windows 8.1 update for Surface RT tablets after some users reported system crashes Continue Reading

By

• Warwick Ashford, Senior analyst

Technology and innovation in European banks

Innovations in online and mobile, in video banking, social integration and CRM, are taking precedence to connect with banking customers Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

Google share price at record high on third quarter results

Google’s share price has hit a record high in response to better-than-expected third quarter results Continue Reading

By

• Warwick Ashford, Senior analyst

Spanish bank La Caixa looks to startups for innovation

La Caixa is looking for ways to innovate in an increasingly competitive environment, and is turning to startups for new and niche technologies Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

Dexter payment card malware variant hits South Africa

The Dexter payment card skimming malware discovered last year has resurfaced in South Africa, resulting in millions of pounds lost to fraud Continue Reading

By

• Warwick Ashford, Senior analyst

Neustar to host first DDoS awareness day

Communications firm Neustar is to host the first international awareness day on distributed denial of service (DDoS) attacks Continue Reading

By

• Warwick Ashford, Senior analyst

The ICO issues BYOD warning after breach

The ICO is calling on organisations to ensure data protection policies reflect how employees are using personal devices for work Continue Reading

By

• Warwick Ashford, Senior analyst

10 security reasons to upgrade to iOS 7

Even if it did not include numerous security fixes, iOS 7 has compelling reasons for corporates to adopt it to improve their security Continue Reading

By

• Rob Buckley

D-Link begins fixing router backdoor

D-Link has begun releasing security patches to close the backdoor discovered on some of its routers Continue Reading

By

• Warwick Ashford, Senior analyst

Legitimate users of Tor need not worry, says NCA

The National Crime Agency (NCA) says criminals cannot hide on the internet, but legitimate business users of anonymity software Tor are safe Continue Reading

By

• Warwick Ashford, Senior analyst

UK National Cyber Crime Unit becomes operational

The UK's National Cyber Crime Unit has become operational as part of the new National Crime Agency Continue Reading

By

• Warwick Ashford, Senior analyst

FBI shuts down Silk Road online drug market

The FBI has shut down the Silk Road online drug market and arrested kingpin Ross Ulbricht, previously known only as Dread Pirate Roberts Continue Reading

By

• Warwick Ashford, Senior analyst

Privacy concerns in the digital world

Considering the full spectrum of privacy, people need to ask themselves if they are comfortable with all their characteristics in the public domain Continue Reading

By

• Yves Le Roux, (ISC)2

McAfee Focus 2013: McAfee leadership upbeat about Stonesoft acquisition

Intel-owned security firm McAfee is upbeat about its acquisition of Stonesoft and its future capability to tackle security differently Continue Reading

By

• Warwick Ashford, Senior analyst

Tesco profits drop despite multichannel shopping

Tesco's pre-tax profits fell 24% to £1.39bn over the first half of its financial year despite adopting multichannel shopping technology Continue Reading

By

• Caroline Baldwin, Freelance editor and journalist

IT security industry still immature, says (ISC)2 board member

The information security industry is still immature and failing to act or speak as one, says Dave Lewis, (ISC)2 board member Continue Reading

By

• Warwick Ashford, Senior analyst

UK trading sector faces challenges as US regulator prepare rules

UK trading firms will have to makes their trading software more resilient to ensure they comply with the imminent regulations being put together by the US SEC Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Financial markets next big cyber target, says US expert

Manipulation of international financial markets will be the next evolution of cyber crime, says US Cyber Consequences Unit chief Continue Reading

By

• Warwick Ashford, Senior analyst

Top 10 cyber crime stories of 2013

Cyber crime featured heavily in security news coverage in 2013, with cyber criminals and cyber law enforcers upping their games with each passing month Continue Reading

By

• Warwick Ashford, Senior analyst

Software acquisition is risk acquisition, says industry panel

New software often means new security vulnerabilities, panel tells the (ISC)2 Security Congress 2013 Continue Reading

By

• Warwick Ashford, Senior analyst

NSA reveals how Snowden accessed secret Prism files

Prism whistleblower Edward Snowden accessed secret documents through a file-share, the NSA has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Risk assessment key to cloud adoption, says Isaca

There is mass confusion among small and medium businesses about cloud computing, says Amar Singh, chair of Isaca UK Continue Reading

By

• Warwick Ashford, Senior analyst