IT for financial services
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News
12 Jun 2024
Nordic innovators look to revive the zombie subscriber population
Zombie subscriptions where customers buy a service and forget about it are harming the subscription economy, but software is being developed to support the subscription economy Continue Reading
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News
15 Jan 2024
Santander bank added 4,500 tech staff last year
Santander added thousands of IT staff to its global operation last year, as part of its digital transformation Continue Reading
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E-Zine
13 Sep 2022
Source responsibly: Tech sector efforts to root out forced labour are failing
In this week’s Computer Weekly, we analyse the technology industry’s failure to extirpate forced labour and slavery from its supply chains. We find out how cyber security firm Okta is rebuilding customer trust after a major security incident. And we discover how Caterpillar is modernising its data management to offer better customer service. Read the issue now. Continue Reading
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News
12 Sep 2022
Mistakenly transferred $504m to be returned to Citigroup
Judge rules that creditors should return $504m that was accidentally transferred to them by Citigroup Continue Reading
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News
12 Sep 2022
CISOs should spend on critical apps, cloud, zero-trust, in 2023
Faced with a global recession next year, security buyers should try to direct investment towards technology that protects customer-facing and revenue-generating workloads, say analysts Continue Reading
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News
12 Sep 2022
Lloyd’s of London is digitally transforming through the front door
Centuries-old financial services organisation is transforming its complex IT infrastructure through digital data Continue Reading
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News
05 Sep 2022
UK payments upgrade to add more than £3bn to GDP, but much more on offer
UK GDP will increase when its ageing payments infrastructure is replaced with the latest technology to enable real-time payments Continue Reading
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News
05 Sep 2022
Huge leap to contactless payments in past three years
Covid-19 pushes the use of contactless payments for face-to-face transactions to 90% of total Continue Reading
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News
02 Sep 2022
Interview: Sibstar, the fintech app for dementia sufferers
Creator of app and debit card designed to support people living with dementia tells Computer Weekly how the idea developed Continue Reading
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News
02 Sep 2022
BBVA to add 2,000 software engineers to workforce this year
Spanish bank BBVA is boosting its IT department while its traditional workforce reduces amid digital transformation Continue Reading
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Opinion
01 Sep 2022
Security Think Tank: Effective DevSecOps requires collaboration
Application security and effective DevSecOps can only be achieved through collaboration with the business – the ultimate goal is to make it safer to do business, which requires considering integrated risk management and identity and access management alongside cyber security and application security Continue Reading
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News
30 Aug 2022
IAM house Okta confirms 0ktapus/Scatter Swine attack
Following last week’s disclosureby Group-IB researchers of a major phishing campaign, Okta has warned its customers to be on their guard Continue Reading
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News
26 Aug 2022
Making her mark in financial technology
Archana Manjunatha’s career in financial technology took her to the trading floors in India, where she learned the ropes of futures and options trading and the back offices of some of the world’s largest banks Continue Reading
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News
25 Aug 2022
Adaptive RedAlert, Monster ransomwares go cross-platform
Kaspersky researchers have shared new intelligence on two emergent cyber criminal groups that have adapted their ransomwares to target different operating systems at the same time Continue Reading
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E-Zine
25 Aug 2022
CW Nordics: Norway struggles to keep up with demand for tech specialists
The growing importance of IT in all industries, along with a shortage in skills, make for an excellent high-tech job market for candidates in Norway. Read how recruiters are struggling to keep up with demand. Also read how the Danish government encourages research in strategic fields to attract tech companies. Continue Reading
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News
25 Aug 2022
Security pros fret about stress and promotion over cyber attacks
CIISec’s annual report on the state of the security profession reveals some home truths for security leaders Continue Reading
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News
25 Aug 2022
LockBit 3.0 cements dominance of ransomware ecosystem
Ransomware attacks were up 47% in July compared with the previous month, according to the latest threat data from NCC Group, with the LockBit family largely to blame Continue Reading
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News
24 Aug 2022
Most CISOs think they’ve been attacked by a nation state
Most organisations have made changes to their cyber strategies and policies following Russia’s invasion, and almost two-thirds suspect they have been directly targeted or impacted by a nation-state cyber attack Continue Reading
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News
22 Aug 2022
Kaspersky threat data added to Microsoft Sentinel service
Microsoft and Kaspersky have agreed a collaboration to integrate Kaspersky’s threat data feeds into Microsoft’s cloud-native SIEM/SOAR service Continue Reading
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News
22 Aug 2022
Lloyd’s to end insurance coverage for state cyber attacks
Lloyd’s of London has instructed its members to exclude nation state cyber attacks from insurance policies beginning in 2023, saying they pose unacceptable levels of risk Continue Reading
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News
19 Aug 2022
Cozy Bear targets MS 365 environments with new tactics
Cozy Bear, or APT29, is trying out new tricks as it seeks access to its targets’ Microsoft 365 environments Continue Reading
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News
18 Aug 2022
Growing MFA use spurs ‘pass-the-cookie’ attacks
The exploitation of stolen session cookies by cyber criminals is once again back on the agenda, thanks to the growing popularity of multifactor authentication tools Continue Reading
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News
18 Aug 2022
It takes a breach to force boards to take notice of cyber, says UK government
Too often, it takes a major incident for business leadership to pay attention to cyber issues, according to a government-commissioned study of victims Continue Reading
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News
18 Aug 2022
Contactless accounted for one-third of all payments made in the UK in 2021, research shows
Latest data from finance industry body reveals how the payments market is bouncing back after the pandemic Continue Reading
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News
16 Aug 2022
Why organisations need to harmonise their CIO and CISO roles
Unless properly managed, conflicting responsibilities between the chief information officer and the chief information security officer can cause project delays and budget overruns, says Netskope’s Mike Anderson Continue Reading
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News
10 Aug 2022
Increase in UK startups scaling to exit, but half still struggle
Despite more startups scaling to the point of exit than ever before, half are still stuck in low growth stages – particularly those working with emerging technologies Continue Reading
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News
10 Aug 2022
Microsoft fixes two-year-old MSDT vulnerability in August update
August’s Patch Tuesday drop fixes more than 120 CVEs, including another MSDT RCE zero-day that is being actively exploited. Continue Reading
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News
10 Aug 2022
‘Coopetition’ a growing trend among ransomware gangs
Sophos shares data from its new X-Ops unit at Black Hat in Las Vegas, revealing a growing number of ransomware victims being attacked by multiple gangs at the same time Continue Reading
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News
04 Aug 2022
UK has biggest card fraud problem in Europe
Social Market Foundation calls on the UK to get a grip on its huge problem with bank card fraud in Europe Continue Reading
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News
04 Aug 2022
Financial services regulator opens digital delivery centre in Leeds
The Financial Conduct Authority is increasing the number of tech experts in its workforce through a new digital delivery centre in Leeds Continue Reading
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News
04 Aug 2022
Spyware activity particularly impactful in July
After a quiet June, vulnerability exploitation ramped up in July, with intrusions linked to spyware seeing unusually high volumes of activity, according to a report Continue Reading
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News
04 Aug 2022
Financial Ombudsman Service mining for gold in cloud HR and finance
The Financial Ombudsman Service is reaping the benefits of the cloud-based human resources and finance system it implemented last year Continue Reading
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News
03 Aug 2022
More than 60% of world population will use digital wallets by 2026
Global take-up of digital wallets will accelerate over the next four years, driven by ‘super apps’ and QR code-based payments Continue Reading
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News
29 Jul 2022
Austrian data firm accused of selling malware, conducting cyber attacks
Microsoft has accused DSIRF, an Austrian data services firm, of involvement in a string of cyber attacks Continue Reading
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News
28 Jul 2022
Cyber criminals pivot away from macros as Microsoft changes bite
As Microsoft resumes blocking macros by default in its Office application suite, reversing a temporary reversal, analysis from Proofpoint suggests the action has had a remarkable effect Continue Reading
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News
28 Jul 2022
Teams in Grenoble work on 6G breakthrough technology
Even as 5G networks are being rolled out, new requirements are driving scientists, and engineers in Europe are back to the lab to start developing 6G Continue Reading
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News
27 Jul 2022
Consumers left out of pocket as security costs soar
As the average cost of a security incident reaches an all-time high of nearly $4.5m, an IBM Security study reveals how these costs are being passed on to ordinary people Continue Reading
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News
27 Jul 2022
Cyber security training ‘boring’ and largely ignored
Two-thirds of employees don’t bother to pay attention to cyber security training – and the fault does not lie with them Continue Reading
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Opinion
27 Jul 2022
Security Think Tank: Don’t rely on insurance alone
Cyber insurance is a useful addition to the cyber protection toolbox. However, it cannot be regarded as a replacement for the controls that should be in operation, says Turnkey Consulting’s Tom Venables Continue Reading
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News
26 Jul 2022
No More Ransom initiative helps 1.5 million people in six years
One and a half million people have now taken advantage of free ransomware decryption tools offered by a joint European project Continue Reading
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News
26 Jul 2022
Ducktail infostealer targets Facebook Business users
Newly uncovered Ducktail operation targets individuals with access to Facebook Business service and tries to steal their accounts Continue Reading
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News
25 Jul 2022
Latest Atlassian Confluence vulnerability raises concerns
CVE-2022-26138 is the second major vulnerability disclosure made for Atlassian’s Confluence collaboration platform in recent months Continue Reading
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News
25 Jul 2022
The Security Interviews: Why you need to protect abandoned digital assets
The war in Ukraine and subsequent boycott of Russia resulted in a swathe of digital infrastructure being abandoned, becoming a potential vulnerability for many organisations, says Cyberpion’s Ran Nahmias Continue Reading
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News
22 Jul 2022
Russia could become the world’s largest market for illegal IT
Russia could become the biggest market for illegal IT equipment as companies try to get round sanctions imposed on the country Continue Reading
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News
21 Jul 2022
Buy ‘plug-n-play’ malware for the price of a pint of beer
Three-quarters of malwares and almost 90% of exploits retail on the dark web for about £8.40 or less, according to a report Continue Reading
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News
20 Jul 2022
(ISC)² expands entry-level cyber programme after UK success
Flush with success from a UK certification programme, reaching 100k in the UK, (ISC)² now wants to provide free security certification to a million people worldwide Continue Reading
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News
20 Jul 2022
Transatlantic PET contest open for entries
A joint UK-US innovation prize challenge for developers of privacy-enhancing technologies has opened for entries Continue Reading
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News
20 Jul 2022
Cato aims to bust cyber myths as it extends network protections
Cato Networks is beefing up its platform’s security features with ransomware and data loss protections, and the firm’s security strategy lead Etay Maor is using the occasion – and his unique access to billions of data points from the firm’s network – to explode some cyber myths Continue Reading
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News
20 Jul 2022
Starling Bank withdraws application for licence in Ireland
App-based bank decides against completing its application for a banking licence in Ireland after concluding it did not offer enough value Continue Reading
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News
19 Jul 2022
European IT services see bumper quarter, but signs of slowing emerge
Spending on IT and BPO services in Europe saw significant growth in the past quarter, but there are signs of a slowdown Continue Reading
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News
19 Jul 2022
UK fintech outperforms global sector
Investment in UK fintech continues to increase, outpacing a flat global sector, according to Innovate Finance Continue Reading
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E-Zine
19 Jul 2022
Tracking the rise of homeworking across the UK
In this week’s Computer Weekly, new figures show that homeworking has more than doubled in the UK due to the pandemic – we look at the regional differences. The pressure is growing on cyber security teams – we analyse the expert advice on how to avoid staff burnout and lost talent. And we examine the important role that tech startups play in the rapid growth of Amazon Web Services. Read the issue now. Continue Reading
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News
18 Jul 2022
US cyber agency CISA to open London office
The US Cybersecurity and Infrastructure Security Agency has chosen London to host its first office outside America Continue Reading
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News
18 Jul 2022
Data and tech platforms helping finance regulator spot problems earlier
The UK financial services regulator is increasingly using data platforms to proactively regulate the finance sector Continue Reading
- 18 Jul 2022
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News
15 Jul 2022
Log4Shell on its way to becoming ‘endemic’
US government report concludes that, like Covid, Log4Shell will be with us for a long time to come Continue Reading
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News
14 Jul 2022
Global IT services market shows signs of slowing
Spending on IT and business process services could be set to reduce over the coming months as the latest ISG figures show early signs of decline Continue Reading
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News
14 Jul 2022
ICO wants to ‘empower people through information’
Information Commissioner’s Office sets out commitment to safeguard the information rights of the most vulnerable people in UK society Continue Reading
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News
13 Jul 2022
ING pilot project tests payments from phone to phone
Dutch bank is testing an app that enables users to make peer-to-peer payments directly from smartphone to smartphone when they are close together Continue Reading
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News
13 Jul 2022
Slippery phish wriggles around MFA protections, says Microsoft
Microsoft’s threat researchers share details of a phishing campaign that hit 10,000 organisations, against which standard multifactor authentication provides little defence Continue Reading
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News
13 Jul 2022
July Patch Tuesday brings more than 80 fixes, one zero-day
While some admins can put their feet up and let Windows Autopatch do the hard work of updating their Microsoft estates, for the rest of us, the Patch Tuesday bandwagon keeps on keeping on Continue Reading
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News
13 Jul 2022
Goldman Sachs hires Google incubator founder
Bank recruits co-founder of Google’s incubator as it continues to transform its business through digital technology Continue Reading
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News
12 Jul 2022
MaliBot Android malware spreading fast, says Check Point
The MaliBot malware is becoming a persistent and widespread problem, and Android users should be on their guard, says Check Point Continue Reading
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News
12 Jul 2022
Is time running out for legacy payments technology used by banks?
The company bringing Google-like processing to core banking for banks has added the same proposition in payments Continue Reading
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News
12 Jul 2022
Microsoft Windows Autopatch now generally available
Microsoft customers with Windows Enterprise E3 and E5 licences can now take full advantage of its new automated patching service Continue Reading
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News
11 Jul 2022
Microsoft VBA macro block will return
Microsoft provides more details about its sudden decision to rollback a landmark security policy, and reassures users it is a temporary measure Continue Reading
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Opinion
11 Jul 2022
Cyber insurance: An effective use of your scant security budget?
The ISF’s Paul Watts asks if cyber insurance is a must-have item, an expensive luxury, or the emperor’s new clothes Continue Reading
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News
08 Jul 2022
Stop telling clients to pay ransomware gangs, solicitors told
The NCSC and the ICO are calling on solicitors to help tackle the rising number of ransomware payments being made, and to stop giving erroneous advice to victims Continue Reading
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News
08 Jul 2022
Microsoft appears to reverse VBA macro-blocking
Microsoft quietly reverses VBA macro-blocking across its Office portfolio in a move that has left security experts puzzled Continue Reading
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Opinion
08 Jul 2022
Lots to consider when buying cyber insurance, so do your homework
When considering implementing a cyber insurance policy, due diligence should be your watchword, says Paddy Francis of Airbus CyberSecurity Continue Reading
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News
07 Jul 2022
MI5, FBI chiefs warn of Chinese cyber espionage threat
In a joint appearance in London, MI5 director general Ken McCallum and FBI director Chris Wray warn of the growing threat posed by the Chinese government to UK and US interests Continue Reading
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Opinion
07 Jul 2022
Security Think Tank: Cyber insurance – A nice safety blanket, but don’t count on it
In the second instalment of this month’s Security Think Tank, Mike Gillespie argues that cyber insurance should be thought of like car insurance – you don’t start driving recklessly because you’re covered Continue Reading
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News
05 Jul 2022
Prepare for long-term cyber threat from Ukraine war, says NCSC
The NCSC has published refreshed guidance on cyber preparedness as the war on Ukraine continues, urging organisations to pay attention to the state of their security teams Continue Reading
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News
05 Jul 2022
NCSC CEO: Why we should run towards crises to elevate cyber security
National Cyber Security Centre CEO Lindy Cameron, the 2022 Computer Weekly UKtech50 Most Influential Person in UK IT, reflects on a career immersed in crisis management, and how she is using this to elevate cyber security standards across the country Continue Reading
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Opinion
01 Jul 2022
Security Think Tank: Now is the time to think about cyber insurance
Many IT leaders shy away from cyber insurance, but new, innovative developments in the market can help organisations take an approach that suits their needs Continue Reading
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News
29 Jun 2022
New cyber extortion op appears to have hit AMD
Semiconductor specialist AMD has confirmed it is investigating reports that a ‘bad actor’ has stolen hundreds of gigabytes of its data Continue Reading
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News
28 Jun 2022
Executive interview: Chris Conradi, chief digital officer, FSN Capital
Chris Conradi is taking his learnings at Google into the private equity industry at Norway’s FSN Capital Continue Reading
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News
27 Jun 2022
Brexit a net negative for UK cyber, say CISOs
Six years on from the UK’s Brexit vote, the majority of security professionals say leaving the EU has raised concerns over their ability to keep their organisations safe Continue Reading
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News
27 Jun 2022
LockBit ransomware gang launches bug bounty programme
A bug bounty programme is among a number of features LockBit’s developers have added to ‘version 3.0’ of the ransomware Continue Reading
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News
24 Jun 2022
Black Basta ransomware crew aiming for ‘big leagues’
Emergent Black Basta ransomware gang has hit more than 50 countries since bursting onto the scene earlier this year, says Cybereason Continue Reading
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News
24 Jun 2022
US cyber agency in fresh warning over Log4Shell risk to VMware
Many VMware Horizon and UAG servers remain defenceless against Log4Shell, and organisations continue to fall victim to the vulnerability Continue Reading
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Opinion
24 Jun 2022
Assessment and knowledge: Your key tools to secure suppliers
There is no silver bullet that will resolve all the issues arising from today’s interconnected businesses and complex supply chains, but there are some key tools at your disposal Continue Reading
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Opinion
23 Jun 2022
What will the Data Reform Bill mean for UK businesses operating in the EU?
Following the government’s response to the Data Reform Bill consultation, Peter Galdies of DQM GRC looks at what might lie ahead for UK organisations working in the European Union Continue Reading
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News
23 Jun 2022
FCA seeks more tech expertise in fight against fraud
UK financial services regulator wants technology professionals to join its team fighting online fraud Continue Reading
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Opinion
23 Jun 2022
Security Think Tank: Supply chain security demands systematic approach
Supply chain security measures need to be systematic and assessed so as to minimise the complexity and cost to the business Continue Reading
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News
22 Jun 2022
NatWest files under whistleblower’s bed contain live customer data
Former Royal Bank of Scotland worker wants bank to take back customer files and provide an ‘adequate receipt’ Continue Reading
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News
22 Jun 2022
CIO interview: Simon Liste, chief information technology officer, Pension Protection Fund
While aspects of the PPF’s three-year digital transformation plan were delayed by the pandemic, the organisation is now pressing ahead with widespread improvements to IT Continue Reading
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Opinion
22 Jun 2022
Security Think Tank: Balanced approach can detangle supply chain complexity
Achieving an appropriate balance between people, processes and technology can help to detangle the complexities of the supply chain and create better security practices Continue Reading
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News
21 Jun 2022
Government won’t regulate on professional cyber standards
The government has elected not to proceed with regulatory intervention to embed standards and pathways across the cyber profession Continue Reading
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News
21 Jun 2022
CNI leaders’ attitude to ransomware lackadaisical at best
A survey of security decision-makers in sectors regarded as critical national infrastructure reveals a disappointing attitude to ransomware threats Continue Reading
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News
21 Jun 2022
New coalition lifts Finland’s 6G status
Finland is laying the foundations for future European leadership in 6G research and development Continue Reading
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Opinion
21 Jun 2022
Supply chain security goes deep – forget this at your peril
It may have hit the headlines as an IT issue, but supply chain security goes far deeper into an organisation than just technology Continue Reading
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News
17 Jun 2022
British businesses to recognise Google skills certificates
Google training programmes are being made available to more people in the UK as part of an initiative from the supplier and major UK businesses Continue Reading
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News
17 Jun 2022
Fintech firm chooses Salesforce software to support growth
Revolut is to use Saleasforce software to support sales and marketing as part of its expansion plans Continue Reading
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News
17 Jun 2022
Government responds to Data Reform Bill consultation
Westminster claims its new data laws will boost British benefits, protect consumers, and seize the ‘benefits’ of Brexit Continue Reading
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Opinion
17 Jun 2022
Consider governance, coordination and risk to secure supply chain
A recent ISACA study found myriad factors that give good reason to be concerned about supply chain security. Cyber adviser Brian Fletcher recommends three areas to zero in on Continue Reading
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News
16 Jun 2022
Office 365 loophole may give ransomware an easy shot at your files
Researchers at Proofpoint have discovered potentially dangerous Microsoft Office 365 functionality that they believe may give ransomware a clear shot at files stored on SharePoint and OneDrive Continue Reading
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Opinion
16 Jun 2022
Security Think Tank: Best practices for boosting supply chain security
In a highly connected world, managing the supply chain landscape requires an adaptation of the ‘traditional’ approach to managing cyber risk Continue Reading
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News
16 Jun 2022
Interpol arrests thousands in global cyber fraud crackdown
A two-month operation saw law enforcement agencies in 76 countries crack down on organised cyber fraud Continue Reading
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News
15 Jun 2022
Patch Tuesday dogged by concerns over Microsoft vulnerability response
The last Patch Tuesday in its current form is overshadowed by persistent concerns about how Microsoft deals with vulnerability disclosure Continue Reading
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News
15 Jun 2022
Virgin Money slashes loan application time through fintech
Business loan application process at Virgin Money cut from days to minutes through fintech platform Continue Reading
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Opinion
15 Jun 2022
Security Think Tank: Basic steps to secure your supply chain
When it comes to supply chain security, there are some core things you should be doing – but remember, the devil is in the detail Continue Reading
