IT for financial services

Zero-day exploit for Yahoo Mail goes on sale

Hacker sells $700 zero-day exploit for Yahoo Mail that allows attacker to use cross-site scripting vulnerability to steal cookies and hijack accounts Continue Reading

By

• Warwick Ashford, Senior analyst

Security needs to be integral part of life, says McAfee

The world is becoming increasingly connected and security and privacy are integral to modern society, says Raj Samani, CTO of McAfee Europe Continue Reading

By

• Warwick Ashford, Senior analyst

Ineffective computer system missed £1.4bn UBS fraud

The £1.4bn losses caused by a rogue trader at UBS could have been avoided, according to the Financial Services Authority (FSA) Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Competing firms jockey for position in mobile payments gold rush

While mobile payments is still in its infancy, the promise of the rewards is substantial and competition for market dominance is gathering pace Continue Reading

By

• Kathleen Hall, TechTarget

Barclays Bank to give thousands of staff iPads

Barclays is rolling out 8,500 Apple iPads across branches to improve interaction with customers Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UKtech50 2012 - The most influential people in UK IT

We run down the top 20 names from this year's Computer Weekly UKtech50 list of the 50 most influential people in UK IT Continue Reading

By

• Bryan Glick, Editor in chief

UKtech50 2012 - The most influential people in UK IT

Computer Weekly has announced the third UKtech50, our annual definitive list of the real movers and shakers in UK IT Continue Reading

By

• Bryan Glick, Editor in chief

Cyber criminals target Skype, Facebook and Windows users

Cyber criminals targeted users of Skype, Facebook and Windows using multiple Blackhole exploits in October, according to security firm GFI Software Continue Reading

By

• Warwick Ashford, Senior analyst

London Stock Exchange technology sales up

The growth of the London Stock Exchange’s MillenniumIT software has outstripped the wider business, with a 19% increase in sales of its trading software Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Nasa to encrypt data after latest breach

Nasa is to encrypt all its mobile computers after the loss of a laptop containing personal information about more than 10,000 staff Continue Reading

By

• Warwick Ashford, Senior analyst

Many UK firms underestimate cost of data breaches, study finds

Many UK organisations are still failing to understand the implications and costs of data breaches, a study has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Hacking attempts to top one billion in Q4, predicts NCC Group

One billion hacking attempts will be made globally in the final quarter of 2012, according to information assurance firm NCC Group Continue Reading

By

• Warwick Ashford, Senior analyst

Twitter apologises for unnecessary hacking warnings

Twitter has apologised after telling members their accounts had been hacked and forcing them to reset their passwords Continue Reading

By

• Warwick Ashford, Senior analyst

Stuxnet hit Chevron’s systems, the energy giant admits

US energy giant Chevron has revealed that it was hit by the Stuxnet virus in 2010 Continue Reading

By

• Warwick Ashford, Senior analyst

Police arrest man for DDoS attacks on Theresa May sites

Police have arrested a 41-year-old man in connection with a cyber attack on websites connected to home secretary Theresa May Continue Reading

By

• Warwick Ashford, Senior analyst

Gartner Symposium: RBS emulates Amazon with private cloud

Royal Bank of Scotland has developed a private cloud to support its application development process, using Amazon best practices Continue Reading

By

• Cliff Saran, Managing Editor

RBS pays customers extra £50m for IT failure

The IT failure that struck Royal Bank of Scotland (RBS) in June will cost more than expected as customers are paid an extra £50m compensation Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Parliamentary committee joins criticism of draft communications data bill

Home secretary Theresa May faced stern criticism before a Parliamentary committee hearing evidence on the Draft Communications Data Bill Continue Reading

By

• Warwick Ashford, Senior analyst

Free mobile apps a threat to privacy, study finds

Free mobile apps pose a serious threat to privacy because of their ability to capture large amounts of user information Continue Reading

By

• Warwick Ashford, Senior analyst

IT security budgets mismatched to hacker targets, study shows

IT security budgets are not being used to provide defence technologies in some areas most likely to be targeted by hackers, a study shows Continue Reading

By

• Warwick Ashford, Senior analyst

Cloud HR pivotal to Direct Line share offering

Cloud HR proved pivotal to insurance group Direct Line separating from the Royal Bank of Scotland (RBS) before it launched on the stock market Continue Reading

By

• Bill Goodwin, Computer Weekly

RBS spends £80m to link its multiple mainframes better

The Royal Bank of Scotland will dedicate £80m of its massive IT budget to eliminate problems caused by its mainframe infrastructure Continue Reading

Security Think Tank: You can’t protect what you don’t know you’ve got

IP theft: who should be tackling it and how? Continue Reading

By

• Adrian Wright

Organisations need alternative data protection as security models fail

Organisations' security models are failing - so could it be time to adopt an intelligence-led approach to data protection and fighting cyber crime? Continue Reading

By

• Warwick Ashford, Senior analyst

RSA Europe: Thousands of unprotected virtual servers exposed to the web

Organisations are failing to protect data in virtual environments, says Jason Hart, vice-president cloud solutions, SafeNet Continue Reading

By

• Warwick Ashford, Senior analyst

RSA Europe: Security concerns whole supply chain, says Misha Glenny

Targeted attacks affect the whole supply chain, not just big corporations, author Misha Glenny tells RSA Conference Europe 2012 attendees Continue Reading

By

• Warwick Ashford, Senior analyst

RSA Europe: Cloud key to future information security, says Qualys

Cloud computing is an opportunity information security professionals should not miss, says Philippe Courtot, CEO of security firm Qualys Continue Reading

By

• Warwick Ashford, Senior analyst

Payment errors could undermine Sepa advantages

European firms might lose billions of Euros through payment errors when the Single European Payments Area comes into force in 2014 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Case study: How WorldPay built its IT from scratch after RBS split

Former RBS payment processing division WorldPay will reach a major IT milestone this month on its journey to stand on its own since it was sold in 2010 Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

UKtech50 2012: Who are the most influential people in UK IT?

Computer Weekly is this week launching the third UKtech50, our annual definitive list of the real movers and shakers in UK IT Continue Reading

By

• Bryan Glick, Editor in chief

London gets another finance technology hub

Canary Wharf Group is opening a centre for start-ups to work on financial services technology and services early next year Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Izz ad-Din al-Qassam hackers launch cyber attack on US bank Wells Fargo

A hacker group connected to Hamas says it attacked US bank Wells Fargo in reaction to the video 'Innocence of Muslims' posted on YouTube Continue Reading

By

• Warwick Ashford, Senior analyst

Security concerns hold back mobile banking adoption

More than two-thirds of smartphone owners have not yet adopted mobile banking apps because of security concerns, a survey has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Tune Raid performance to get the most from your HDDs

Tune Raid performance at the storage controller to match application I/O demands to optimal hard drive (HDD) performance Continue Reading

By

• Martin Taylor

Microsoft investigates IE zero-day flaw

Microsoft says it is investigating reports of a vulnerability in Internet Explorer 6, 7, 8, and 9 Continue Reading

By

• Warwick Ashford, Senior analyst

IT security awareness needs to be company-wide, says (ISC)²

Information security awareness needs to be more robust, started as early as possible, continually reinforced and organisation-wide, says Julie Peeler, director, (ISC)² Foundation Continue Reading

By

• Warwick Ashford, Senior analyst

Skills shortage means no unemployment in IT security, says (ISC)2

Zero unemployment in IT security shows a huge shortage of skills in the profession, says Hord Tipton, executive director of (ISC)2 Continue Reading

By

• Warwick Ashford, Senior analyst

Allianz signs deal for customer database technology

Insurance company Allianz has signed a deal for a database system it expects will create millions in sales by creating a single customer view (SCV) Continue Reading

Bank of England hires 145 IT staff for Prudential Regulatory Authority

The Bank of England is to hire 145 IT staff for its new financial services regulatory body, the Prudential Regulatory Authority (PRA) Continue Reading

By

• Kathleen Hall, TechTarget

UK cookie law compliance mixed, study finds

Three months after the enforcement of the cookie law, only 12% of UK websites have prominent privacy notices and robust cookie controls, a study shows Continue Reading

FSA demands review of RBS software failure

The Financial Services Authority (FSA) wants to know how banks plan to prevent a repeat of the Royal Bank of Scotland’s (RBS) software glitch Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Setting up a botnet is easier than you think

Acquiring, installing, configuring and using a powerful data-stealing banking Trojan toolkit is not as difficult as it sounds Continue Reading

By

• Warwick Ashford, Senior analyst

Powerful cyber attack tools widely available, say researchers

More low-level cyber criminals are getting access to sophisticated attack tools, say cyber intelligence specialists Continue Reading

By

• Warwick Ashford, Senior analyst

How to survive a data breach

Six practical tips on how to prepare for and survive a data breach Continue Reading

By

• Conrad Constantine

Businesses worldwide fail to prepare for cyber threats, says Kaspersky Lab

Companies around the world have failed to address cyber threats, according to a survey from security organisation Kaspersky Lab Continue Reading

By

• Warwick Ashford, Senior analyst

VMware users can protect against virtual machine malware, says Trend Micro

New malware that attacks VMware virtual machines is no cause for undue concern, but users can take basic steps to protect data, says Trend Micro Continue Reading

By

• Warwick Ashford, Senior analyst

Dell expects tough next quarter

Dell expects third-quarter revenue to be down between 2% and 5% on second-quarter levels due to the “uncertain economic environment” Continue Reading

By

• Warwick Ashford, Senior analyst

At least 9 out of 10 top mobile apps hacked, study shows

An average of 96% of the top 100 paid mobile apps have been hacked, a study has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Interview: David Weymouth, operations director at RSA

David Weymouth, group director of operations and risk at insurance giant RSA, talks to Computer Weekly about the key changes affecting finance technology, and why government intervention to force an overhaul of banks’ IT systems would not work Continue Reading

By

• Kathleen Hall, TechTarget

Regulators must force banks to overhaul IT infrastructure

Regulators must force banks to overhaul complex IT infrastructures which risk causing further large-scale system outages, says IT trade body Intellect Continue Reading

By

• Kathleen Hall, TechTarget

LinkedIn data breach costs more than $1m

LinkedIn says the forensic investigation and other recovery costs of the data breach in June could have topped $1m. Continue Reading

By

• Warwick Ashford, Senior analyst

RBS computer problem costs £125m

Royal Bank of Scotland will pay £125m in costs related to computer problems in June that meant customers could not access funds Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cyber threats affect banks worldwide

Nearly a quarter of the world's banks were hit by security breaches in the past year, a study shows Continue Reading

By

• Warwick Ashford, Senior analyst

Twitter users targeted by Blackhole malware

Twitter users are being targeted by tweets containing malicious links that claim recipients are pictured in an online photo Continue Reading

By

• Warwick Ashford, Senior analyst

Nationwide customers see payments taken out twice

Payments made by customers of Nationwide were taken twice after human error at the bank duplicated the process Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

NatWest customers hit by further online banking issues

NatWest credit and debit card transactions are not working and online banking is suffering an outage Continue Reading

By

• Jennifer Scott, TechTarget

SQL injection attacks rise sharply in second quarter of 2012

SQL injection (SQLi) attacks were up 69% in the second quarter of 2012 compared with the previous quarter, warns cloud hosting firm FireHost Continue Reading

By

• Warwick Ashford, Senior analyst

Australian telco AAPT confirms Anonymous data breach

Australian telecoms firm AAPT confirms business customer data was breached by hacktivist group Anonymous at an external service provider Continue Reading

By

• Warwick Ashford, Senior analyst

Nationwide hits major milestone in £1bn IT transformation

Nationwide has reached a major milestone in its five-year technology transformation project with the roll-out of a mortgage system to its branches Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Many global firms unaware of online risk, finds KPMG

Many global organisations could do a lot more to protect their private data and reduce exposure to attacks by hackers, according to KPMG Continue Reading

By

• Warwick Ashford, Senior analyst

Security researchers join forces to bring down Grum botnet

Security researchers have collaborated to take down Grum, the world’s third-largest botnet of hijacked computers Continue Reading

By

• Warwick Ashford, Senior analyst

Microsoft faces substantial EC fine over browser rules breach

Microsoft faces a large fine for failing to offer Windows users a choice of web browser despite apologising to the European Commission (EC) Continue Reading

By

• Warwick Ashford, Senior analyst

Sophos combines endpoint security and UTM

Security firm Sophos combines endpoint protection and unified threat management (UTM) products into a single physical or virtual appliance Continue Reading

By

• Warwick Ashford, Senior analyst

Olympics media centre set to become datacentre

The Olympics media centre looks set to become a datacentre after the London 2012 Games, with technology company iCITY one of two remaining bidders Continue Reading

By

• Kathleen Hall, TechTarget

The most influential women in UK IT

Computer Weekly is pleased to announce the first ever list of the most influential women in UK IT Continue Reading

By

• Bryan Glick, Editor in chief

Women in Technology 2012

Women technology experts find their careers just as rewarding as men, but image problems are deterring new female recruits, this exclusive research from Computer Weekly and Mortimer Spinks reveals. Continue Reading

Google Android OS Trojan virus hits 100K devices in China

Trojan malware has hit 100,000 devices using the Google Android operating system (OS) in China, say security researchers Continue Reading

By

• Warwick Ashford, Senior analyst

Virus could cut 20,000 UK computers from web on Monday, FBI warns

The DNS Changer virus could cause 20,000 computers in the UK – of 350,000 worldwide - to lose web access on 9 July, the FBI has warned Continue Reading

By

• Warwick Ashford, Senior analyst

White House cyber security coordinator Howard Schmidt joins Qualys

Former White House cyber security coordinator Howard Schmidt is to join the board of security and compliance company Qualys Continue Reading

By

• Warwick Ashford, Senior analyst

Network security: Is new technology bypassing traditional controls?

Network security practices are among the most mature, but can businesses be sure network traffic is not sneaking past traditional controls? Continue Reading

By

• Warwick Ashford, Senior analyst

RBS set to sue supplier CA Technologies for software failure

Reports claim RBS is gearing up for legal action against US software supplier CA Technologies over the technical fault that crashed accounts Continue Reading

By

• Jennifer Scott, TechTarget

FTC sues Wyndham Worldwide hotel group over data breaches

The US Federal Trade Commission (FTC) is suing hotel group Wyndham Worldwide over claims it failed to secure customer data Continue Reading

By

• Warwick Ashford, Senior analyst

Six arrested in the UK in worldwide FBI-led credit card data sting

Six people in the UK and 12 in the US arrested in an FBI-led sting operation that netted a total of 24 credit card cyber fraudsters in 13 countries Continue Reading

By

• Warwick Ashford, Senior analyst

Software glitch to blame for RBS and NatWest online banking outages

The software glitch behind the outages at RBS and NatWest banks could carry on through the weekend, preventing cutomers from buying online Continue Reading

By

• Jennifer Scott, TechTarget

RBS and NatWest face second day of outages

Account balances still fail to update for RBS and NatWest customers as the banks go into their second day of technical issues Continue Reading

By

• Jennifer Scott, TechTarget

RBS and NatWest online services unavailable

Some Royal Bank of Scotland (RBS) and NatWest Bank customers cannot access online services as the banking group experiences a computer problem. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Banks break with in-house software in move to commercial systems

Increased regulation, reduced profits and customer demands are driving banks to replace home-grown software with off-the-shelf alternatives Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Asian scientists call for government action on supercomputers

Scientists in India, China, Japan, Korea and India have called on their governments to collaborate on supercomputer technology Continue Reading

2012: Will this be the year TPM finally comes of age?

Will 2012 be the year that TPM finally delivers on its potential to provide a hardware-based "root of trust" for enterprise information security? Continue Reading

By

• Warwick Ashford, Senior analyst

Flame malware gets kill command

The controllers of Flame, the most powerful cyber weapon discovered to date, have recently sent a kill command that removes the malware from some infected computers Continue Reading

By

• Warwick Ashford, Senior analyst

UK technology sector gets financial support

A US hi-tech investment bank with $20bn in assets has opened its first UK branch offering banking and loan services to the technology industry Continue Reading

By

• Warwick Ashford, Senior analyst

eHarmony, Last.fm join LinkedIn with password leaks

Online dating site eHarmony and Last.fm have joined LinkedIn with password leaks, as hackers focus on social networks Continue Reading

By

• Warwick Ashford, Senior analyst

Apple faces £1.43m fine in Australian 4G iPad case

Apple has agreed to pay a £1.43m fine for misleading Australians about the 4G capacity of its latest iPad in a case brought by the national consumer watchdog Continue Reading

Nasdaq offers $40m compensation for Facebook confusion

The Nasdaq stock exchange in New York is to pay $40m compensation for technical problems that caused confusion on Facebook's first day of share trading Continue Reading

By

• Warwick Ashford, Senior analyst

Top 10 tips for IPv6 security

Many organisations are being misled about the complexities surrounding IPv6 security, according to security firm Stonesoft Continue Reading

By

• Warwick Ashford, Senior analyst

Majority of UK websites fail to comply with cookie law

Most UK websites are not yet compliant with the newly enforced cookie law, a study has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Former MI5 boss loses laptop

The former boss of the UK's MI5 security service has caused a security scare by losing her laptop at Heathrow. Continue Reading

By

• Warwick Ashford, Senior analyst

Post Office rolls out NFC contactless payments

The postal company will deploy 300,000 contactless payment terminals across 11,500 Post Offices, making it the largest roll-out of the technology in Europe Continue Reading

Security researchers discover powerful cyber espionage weapon 'Flame'

Security researchers have discovered a cyber espionage weapon, dubbed 'Flame', with a functionality greater than any other known threat Continue Reading

By

• Warwick Ashford, Senior analyst

UK regulator PhonepayPlus shuts down Angry Birds smartphone scam

UK users of Android smartphones have been targeted by premium-rate phone scams masquerading as popular apps such as Angry Birds Continue Reading

By

• Warwick Ashford, Senior analyst

Video: ICO publishes new guidance on cookie law

The Information Commissioner's Office (ICO) has published new guidance on cookie law and revealed the organisations it has approached on the issue Continue Reading

By

• Warwick Ashford, Senior analyst

Mobile threats demand focus on data protection, says Websense

Business needs to focus on data protection as cyber criminals turn to mobile malware, says Websense. Continue Reading

Analyst Insight: Is There a Smart City Market?

The value of the IT market for smart cities globally is approximately $35bn, according to this in depth analysis from Ovum. Continue Reading

Smart Cities: The anywhere working city

This report from Microsoft presents a vision for the development of smart cities which bring together technology, architecture and people. Continue Reading

The Pirate Bay is latest site to be hit by DDoS attack

The Pirate Bay has become the latest high-profile website to be hit by a distributed denial-of-service (DDoS) attack Continue Reading

By

• Warwick Ashford, Senior analyst

CIO interview: Cathryn Riley, CIO, Aviva

It's been a tough time for Aviva with CEO Andrew Moss forced to step down in a shareholder revolt. But for CIO Cathryn Riley, it’s business as usual. Continue Reading

Banks still handicapped by IT legacy

Research finds three-quarters of banks in Europe are using outdated core systems which are hindering their ability to grow Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Cyber attackers increasingly targeting applications, research shows

Web and mobile applications are the new frontiers in the war against cyber attack, according to an HP cyber security risks report Continue Reading

By

• Warwick Ashford, Senior analyst

Government snooping plans unveiled

The Queen's Speech has revealed that the government still plans to make it easier for security and police services to spy on e-mails, phone calls and internet activity Continue Reading

By

• Warwick Ashford, Senior analyst

Inflation negates growth in average IT pay

IT salaries grew by an average of 4.3% in 2011, compared with an average of 2.3% across all sectors, with the average IT salary exceeding £40,000. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA