IT for financial services

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

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