IT for financial services

UK to expand cyber info-sharing hub after initial success

A public/private cyber security initiative exposed a campaign of malicious emails targeting UK defence companies, Cabinet Office minister Francis Maude has revealed. Continue Reading

By

• Warwick Ashford, Senior analyst

US to legislate to protect Facebook passwords from employers

The US is planning legislation that will protect Facebook passwords from prying employers Continue Reading

By

• Warwick Ashford, Senior analyst

Half of UK networks vulnerable to APTs

Many UK corporate networks are vulnerable to advanced persistent threats (APTs), a survey has revealed. Continue Reading

By

• Warwick Ashford, Senior analyst

Swift builds underground datacentre to keep bank transactions in Europe

Swift is building an underground datacentre to make it possible to fully process European bank transactions in Europe Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

Infosec 2012: Unscrubbed hard drives a threat to business, says ICO

Unscrubbed hard drives on computers that are decommissioned and sold on represent a significant risk to business Continue Reading

By

• Warwick Ashford, Senior analyst

Infosec 2012: Internet security body to tackle SSL problems

The Trustworthy Internet Movement (TIM) is to tackle implementation and governance internet communication protocol (SSL) as its first project. Continue Reading

By

• Warwick Ashford, Senior analyst

Infosec 2012: Patching alone can deliver 80% protection

Keeping software up to date with security patches can deliver 80% protection from cyber threats, says security firm Secunia. Continue Reading

By

• Warwick Ashford, Senior analyst

UK firms see competitors as greater cyber attack risk than criminals

More than half of UK firms expect a cyber attack in the next six months, but see competitors as a greater risk than criminals Continue Reading

By

• Warwick Ashford, Senior analyst

Supercomputers will reach 'exascale' speeds within decade

Supercomputers will be powerful enough to simulate the human brain within seven years, says founder of Top500 list. Continue Reading

Busy security patch month for Microsoft administrators

Microsoft has released six patches, four critical, for 11 vulnerabilities in Office, Windows and various server products in its April security update. Continue Reading

By

• Warwick Ashford, Senior analyst

UK business fears impact of new EU data protection framework

More than half of senior UK IT managers in large enterprises believe the proposed new EU data protection framework will cost their business more money, a survey has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

Fighting Economic Crime in the Financial Services sector

PwC examines the impact of Cybercrime on the financial services industry. Continue Reading

Retail and insurance lead two-speed IT spending

More IT-based businesses are starting with greater investment in IT after the slowdown, but with lopsided demand as businesses increase spending at different rates Continue Reading

Barclays Bank card data vulnerable to mobile phone scanning fraud

Channel 4 News has revealed fraudsters can access the data on Barclays Bank cards by scanning them with mobile phones Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

IT as a driver of M&A success

This report from Ernst & Young examines why IT considerations are not given adequate attention in the due diligence prior to mergers and acquisitions. Continue Reading

FBI informer Hector Xavier Monsegur aids in arrest of LulzSec hackers

Authorities in the US, UK and Republic of Ireland have arrested seven suspected members of hacktivist group LulzSec, including Hector Xavier Monsegur, who helped investigators Continue Reading

By

• Warwick Ashford, Senior analyst

RSA 2012: IT security experts urge enterprises to ban smartphone BYOD schemes

Enterprises should ban employees from using their own smartphones for work, a panel of IT security practitioners told the RSA Conference 2012 Continue Reading

By

• Warwick Ashford, Senior analyst

IT departments risk losing responsibility for IT security

IT security professionals can no longer take it for granted that IT security will continue as part of the IT function Continue Reading

By

• Bill Goodwin, Computer Weekly

Lloyds bank saves £2bn after HBOS IT integration

Lloyds Banking Group says the integration of its multiple brands has saved more than £2bn per year, with IT a major contributor. Continue Reading

By

• Karl Flinders, Chief reporter and senior editor EMEA

OSSIM update enables cyber threat intelligence sharing

The latest update to the Open Source Security Information Management (OSSIM) base system includes a mechanism for sharing cyber threat intelligence. Continue Reading

By

• Warwick Ashford, Senior analyst

The Banking Industry Architecture Network and TOGAF

This paper from the Open Group reveals how banks can benefit from combining complementary industry frameworks on enterprise architecture. Continue Reading

Cisco wants EU to reconsider Microsoft Skype deal

Cisco is calling on European Union authorities to reconsider the unconditional approval of Microsoft’s $8.5bn acquisition of Skype. Continue Reading

By

• Warwick Ashford, Senior analyst

President of European Parliament critical of Acta

After a weekend of public protests against the controversial Anti-Counterfeiting Agreement (Acta), the president of the European Parliament has added his voice to those of critcs. Continue Reading

By

• Warwick Ashford, Senior analyst

IE update top priority for Patch Tuesday

Microsoft releases nine bulletins addressing 21 vulnerabilities in its monthly Patch Tuesday security update on 14 February Continue Reading

By

• Warwick Ashford, Senior analyst

LinkedIn Q4 revenue more than doubles

Social networking site LinkedIn has reported 2011 fourth quarter revenue of $167.7m, up 105% from Q4 2010; and net income of $6.9m, an increase of 30% Continue Reading

By

• Warwick Ashford, Senior analyst

Cisco back on acquisition trail after record quarter

Cisco Systems has reported record revenues of $11.5bn for the second fiscal quarter that ended 28 January 2012, up 11% on the year-ago quarter, and profits of $2.6bn or 47 cents a share, up 27%. Continue Reading

By

• Warwick Ashford, Senior analyst

Fewer than a third of UK organisations plan mobile security projects

Despite the media hype around the adoption of mobile technologies and the need to secure them, relatively few UK organisations are planning mobile security projects, a survey has revealed Continue Reading

By

• Warwick Ashford, Senior analyst

EC publishes proposed data protection reforms

European Justice Commissioner, Viviane Reding, has unveiled the new European data privacy framework that includes new regulation. Continue Reading

By

• Warwick Ashford, Senior analyst

Apple aims to improve working conditions for technology workforce

Apple has published a list of all suppliers for the first time and says it will allow independent observers into its facilities around the world to monitor working conditions. Continue Reading

By

• Warwick Ashford, Senior analyst

Cloud solves IT innovation and maintenance imbalance

CIOs can rebalance the scenario of spending 80% of their budget on maintenance and 20% on innovation if they harness cloud computing. Continue Reading

Ramnit worm steals 45,000 Facebook passwords

A computer worm has begun targeting Facebook accounts and has stolen at least 45,000 login credentials from users, say security researchers. Continue Reading

By

• Warwick Ashford, Senior analyst

Investment bank JP Morgan goes live with FPGA Maxeler supercomputer

JP Morgan has gone live with a supercomputer for fixed income trading operations. The investment bank is using a Maxeler dataflow supercomputer for analysing and profiling intra-day trading risk. Continue Reading

By

• Cliff Saran, Managing Editor

Cloud leaves many firewalls wanting – but could automation prove the silver bullet?

Most companies rely on firewalls, but the IT landscape is changing and so must approaches to security. Is there a silver bullet? Continue Reading

By

• Warwick Ashford, Senior analyst

Adobe to release out-of-cycle patch for latest vulnerability

Adobe has issued a security advisory about a newly discovered and still unpatched vulnerability in Adobe Reader and Adobe Acrobat which is being used in "limited, targeted attacks in the wild". Continue Reading

UKtech50: Meet the 50 most influential people in UK IT

Computer Weekly has announced the final listing for the second annual UKtech50, the definitive list of the real movers and shakers in UK IT. Continue Reading

By

• Computer Weekly Staff

UKtech50: Meet Mike Lynch, the most influential person in UK IT

Mike Lynch, voted as the most influential person in UK IT, doesn’t like to think about challenges, but about opportunities. Continue Reading

One in four IT security staff abuse admin rights, survey shows

At least one in four IT security staff use their privileged login rights to look at confidential information, a survey has revealed. Continue Reading

By

• Warwick Ashford, Senior analyst

CIO interview: John Finch, global CIO, Experian

John Finch, global CIO of Experian, discusses his plans to simplify supplier management and his approach to people development. Continue Reading

By

• Cliff Saran, Managing Editor

Standard Life overhauls IT department and cuts jobs

Insurer Standard Life is to axe a number of IT staff following a review of its IT and operations division. Continue Reading

By

• Angelica Mari

How to embed innovation in the corporate culture

This paper from Kurt Salmon identifies the common inhibitors to innovation and how to overcome them, and sets out some important principles that can help. Continue Reading

Forensics key to effective info security, says E&Y

Intelligence-led security strategies are the most effective in eliminating vulnerabilities and preventing IP theft through enabling informed change, says consultancy firm Ernst & Young. Continue Reading

By

• Warwick Ashford, Senior analyst

IT security not always part of cloud decision, says IDC

Cloud adoption is outstripping security concerns, says Eric Domage, programme manager for IDC in Europe. Continue Reading

By

• Warwick Ashford, Senior analyst

CW & FT video debates – IT leadership and the CEO

In a series of monthly video debates, Computer Weekly and the Financial Times invite a panel of experts to discuss business and IT issues. Continue Reading

EDF fined £1.3m for hacking into Greenpeace computers

A Paris court has fined French energy firm EDF £1.3m for hacking into Greenpeace computers to find out about the environmental group’s plans to block four planned nuclear power plants in the UK. Continue Reading

By

• Warwick Ashford, Senior analyst

Computer Weekly Technology Industry Survey

This in-depth research from Computer Weekly and Mortimer Spinks, provides a must-read analysis and insight into UK IT salaries. Continue Reading

The market landscape for print security

This report is gives an overview of the security risks of the print environment , the market landscape, best practices for a print security strategy. Continue Reading

Welcome to the new-look ComputerWeekly.com

Computer Weekly has launched its brand new website - the most important online development in the brand’s 45-year history. Continue Reading

By

• Bryan Glick, Editor in chief

CIO interview: Tony Prestedge, COO, Nationwide

Tony Prestedge took over as COO at Nationwide in 2010, mid-way through a five-year transformation project. He tells Karl Flinders how the company is transforming its business through a £1bn investment in technology, how the IT department changed from a development shop into an integrator Continue Reading

Analysis: Intelligence key to security business case

Information security is becoming an increasingly important part of any business as the value of information assets continually grow, as do the threats from cyber crime and espionage. Continue Reading

By

• Warwick Ashford, Senior analyst

RBS and Natwest online banking down after maintenance glitch

Royal Bank of Scotland (RBS) and Natwest customers were unable to access online or telephone banking over the weekend after maintenance issues. Continue Reading

By

• Jenny Williams, University of Gloucestershire

Barclays customers unable to log into online bank accounts

Barclays has confirmed some customers are unable to log into online bank accounts and are experiencing slow response times Continue Reading

By

• Jenny Williams, University of Gloucestershire

UKtech50: We launch the search for the most influential people in UK IT

Computer Weekly has launched the second annual UKtech50, the definitive list of the real movers and shakers in UK IT - the leaders driving the creation of a high-tech economy. Continue Reading

By

• Bryan Glick, Editor in chief

Case Study: How RBS built a business case for virtual desktops to cut costs

With an annual technology spend of £1.5bn, the Royal Bank of Scotland (RBS) wanted to move 55,000 of its users to a virtual desktop platform to change the way its employees work and cut costs. Mark Diamond, CIO at RBS, shares his lessons learnt in building a business case for virtual desktops and "tying down" suppliers Continue Reading

By

• Jenny Williams, University of Gloucestershire

How the financial services sector uses big data analytics to predict client behaviour

The financial services sector has gone through unprecedented change in the last few years. Customers are expecting a more personalised service from their banks. Regulators have reacted to the credit crunch with significant changes to regulation with more intrusive and granular supervision. Continue Reading

By

• Paul Garel-Jones