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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News
02 Mar 2022
Gothenburg University makes breakthrough in energy efficient computers
Swedish and Japanese universities make advancement in the development of computers that can work as energy efficiently as a brain Continue Reading
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News
02 Mar 2022
Middle East IT spending to recover to at least pre-pandemic levels
Middle East IT leaders expect budgets to increase this year, with spending to match or exceed pre-Covid levels Continue Reading
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Feature
01 Mar 2022
Software firm saves storage array costs with Nutanix hyper-converged
Banking SaaS provider Vialink needed more IOPS when its NetApp arrays slowed up, but Nutanix hyper-converged proved a better package than Pure Storage and Dell EMC, too Continue Reading
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News
01 Mar 2022
Nationwide suffers payday payments outage
Nationwide customers were left unable to pay bills on payday as the building society suffered a software outage Continue Reading
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01 Mar 2022
The British people are waking up to the scandal that happened under their noses
Victims of the Post Office Horizon scandal have been suffering in silence for many years, but the current public inquiry is giving them a voice, and people are listening Continue Reading
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News
28 Feb 2022
Ukraine cyber attacks seen spiking, but no destructive cyber war yet
While cyber attacks linked to Russia’s war on Ukraine are taking place, they are having little impact beyond the region Continue Reading
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Feature
25 Feb 2022
Cracking the code on blockchain and crypto: What might adoption mean for datacentres?
A high share of datacentre customers look set to adopt blockchain technologies, including digital currencies, over the next few years Continue Reading
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News
24 Feb 2022
KnowBe4 cyber drama tackles Colonial Pipeline in fourth season
KnowBe4’s ongoing cyber security training drama, The Inside Man, reaches its fourth season with a plot drawing inspiration from one of the most impactful cyber attacks of 2021 Continue Reading
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News
24 Feb 2022
Russia behind dangerous Cyclops Blink malware
Joint NCSC CISA advisory attributes a dangerous malware, dubbed Cyclops Blink, to Russia’s Sandworm APT, likely a GRU unit, with WatchGuard users at particular risk Continue Reading
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News
23 Feb 2022
Backups ‘no longer effective’ for stopping ransomware attacks
Traditional methods of mitigating ransomware are less efficacious thanks to the rise in double and triple extortion techniques Continue Reading
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News
23 Feb 2022
Microsoft extends Defender umbrella to Google Cloud Platform
Redmond says extending Defender for Cloud native capabilities to the Google Cloud Platform will help simplify security for organisations pursuing multicloud strategies by eliminating the gaps where the bad guys can get in Continue Reading
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News
23 Feb 2022
No imminent cyber threat to UK from Russia
Intelligence officials say they have no evidence or indication that Russian cyber attackers are preparing offensive assaults on infrastructure or organisations in Britain Continue Reading
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News
23 Feb 2022
Attempted burglary exposes risk of NatWest customer data in former worker’s home
Former Royal Bank of Scotland employee offers bank a compromise in her dispute over the return of confidential customer information Continue Reading
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News
22 Feb 2022
UK organisations swift to chide phishing victims
While UK organisations are doing better at security training, many are quick to punish employees who fall victim to phishing attacks, whether real or simulated Continue Reading
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Opinion
22 Feb 2022
Security Think Tank: Good training is all about context
In-house or outsourced? What makes a good security training programme, and what questions should buyers ask when procuring training as a service? Continue Reading
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News
22 Feb 2022
Sweden completes phase two of e-krona pilot
Sweden’s central bank is well into its second year of testing a new digital currency, but so far, no firm decision has been made by the government to adopt it Continue Reading
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News
21 Feb 2022
UK joins US in pinning Ukraine DDoS attacks on Russia
A series of DDoS attacks on Ukrainian defence and banking organisations last week is now being firmly attributed to Russian action Continue Reading
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News
21 Feb 2022
Open banking surpasses five million UK customers
Upwards of five million people in the UK are using open banking services as the financial sector’s fintech revolution gathers pace Continue Reading
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News
21 Feb 2022
Amazon and Visa resolve UK credit card ban threat
Companies reach ‘broad, global agreement that includes the acceptance of Visa at all Amazon stores and sites’ Continue Reading
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News
18 Feb 2022
UK organisations untroubled by Trickbot surge
A surge in Trickbot infections is targeting some of the world’s most prominent brands, but UK organisations seem thankfully unaffected Continue Reading
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News
18 Feb 2022
CIO interview: Adam Miller, group head of IT, Markerstudy Group
The insurer and Auto Windscreens owner is using cloud-based virtual desktops to ease acquisitions and support home working during the pandemic – and its IT chief has a growing range of projects on the go Continue Reading
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News
18 Feb 2022
The British people are waking up to the scandal that happened under their noses
Victims of the Post Office Horizon scandal have been suffering in silence for many years, but the current public inquiry is giving them a voice, and people are listening Continue Reading
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News
16 Feb 2022
2021 another record year for UK cyber investment
Total revenue generated by the UK’s cyber sector was up 14% last year, and UK-registered security firms raised over £1bn in investment Continue Reading
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News
16 Feb 2022
DDoS attacks hit Ukrainian defence ministry and banks
A further wave of cyber attacks has taken place against targets in Ukraine amid heightened tension in the region Continue Reading
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News
16 Feb 2022
Nordic countries lack a unified approach to AI
Nordic countries need to work together on a pan-regional artificial intelligence strategy Continue Reading
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News
15 Feb 2022
UK finance regulator effects changes to ‘buy now, pay later’ contract terms
BNPL finance providers have agreed to make their contracts with consumers fairer, amid concerns Continue Reading
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News
15 Feb 2022
NatWest group shutters 32 more branches as digital shift continues
Banking group announces more branch closures as part of its digital transformation, but promises that no customers will be left behind Continue Reading
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News
15 Feb 2022
China emerges as leader in vulnerability exploitation
Threat actors linked to China are emerging as a significant force in the weaponisation of newly discovered CVEs Continue Reading
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News
11 Feb 2022
Why security professionals should pay attention to what Russia is doing
Even though the average organisation is an unlikely target for a Russian state cyber attack, here's why security teams still need to watch what Russian threat groups are up to Continue Reading
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News
10 Feb 2022
IR35 reforms: HMRC slammed for ‘over-collecting tax’ from non-compliant public sector bodies
HMRC has moved to play down claims it is collecting more tax than it is due when tackling non-compliance with the IR35 reforms in the public sector Continue Reading
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Opinion
10 Feb 2022
Phishing tests are a useful exercise, but don’t overdo it
The vast majority of cyber attacks start with a phish, so it’s not surprising that phishing tests form part of cyber training plans. But sometimes these tests go too far. Cyberis’ Gemma Moore looks at how to avoid the pitfalls Continue Reading
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News
10 Feb 2022
UK second in money laundering hall of shame
Banks need to step up their anti-money laundering processes if billions of pounds’ worth of criminal activity is to be prevented Continue Reading
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News
09 Feb 2022
Linux-based clouds an open door for attackers, says VMware
Its prevalence as a cloud operating system means Linux is becoming a meal ticket for malicious actors, but the security industry does not seem to have cottoned on to this yet, says VMware Continue Reading
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News
09 Feb 2022
Ransomware ever more sophisticated and impactful, warns NCSC
UK’s National Cyber Security Centre teams up with US and Australian partners in a joint advisory warning organisations of the increasing sophistication exhibited by criminal ransomware gangs Continue Reading
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News
09 Feb 2022
Microsoft stomps on 48 bugs in February Patch Tuesday update
It’s a light Patch Tuesday for February 2022, as Microsoft issues fixes for just 48 CVEs, including a solitary zero-day Continue Reading
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News
08 Feb 2022
Microsoft to start blocking macros to thwart malware
Microsoft is making changes to web macro permissions across multiple Office apps to help improve user security Continue Reading
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News
08 Feb 2022
The Security Interviews: Building the UK’s future cyber ecosystem
As the government lays out the next iteration of its Cyber Security Strategy, we speak to Plexal and Lorca’s Saj Huq about his work building a cyber ecosystem to support the UK’s future ambitions Continue Reading
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News
08 Feb 2022
UK fintech investment sees sevenfold increase in a year
UK fintech investment rose from $5.2bn in 2020 to $37.3bn in 2021, with 603 private equity, venture capital and merger and acquisition deals Continue Reading
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News
03 Feb 2022
UAE chooses Accenture to develop national payments platform
Consortium led by Accenture to build new payments infrastructure in the United Arab Emirates Continue Reading
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Opinion
02 Feb 2022
Security Think Tank: How to build a human firewall
In-house or outsourced? What makes a good security training programme, and what questions should buyers ask when procuring training as a service? Continue Reading
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News
02 Feb 2022
Zero-trust to soar in 2022, but dogged by implementation challenges
IT leaders are keen to invest in zero-trust, but face issues around a lack of expertise, and selling the concept into the C-suite Continue Reading
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News
02 Feb 2022
Nationwide Building Society streamlines digital onboarding through API
Building society is improving its digital onboarding process through application programming interface-based technology from a US startup Continue Reading
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News
02 Feb 2022
MPs call on government to ‘push harder’ and ‘act faster’ amid online fraud epidemic
MPs on the Treasury Committee want the government to act quickly to reduce the amount of money being stolen through online fraud Continue Reading
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Feature
02 Feb 2022
What neurodivergent people really think of working in cyber security
Many firms are filling cyber security skills gaps by hiring neurodivergent talent – but more support is needed for neurodivergent cyber security professionals, writes autistic tech journalist Nicholas Fearn Continue Reading
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News
02 Feb 2022
Saudi Arabia to invest billions of dollars in technology and startups
Saudi Arabia announces $6.4bn investment in its tech sector as part of plans to diversify its economy Continue Reading
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News
01 Feb 2022
Check Point buys Spectral to safeguard cloud development
Check Point’s latest acquisition of Israel-based startup Spectral expands its developer-centric security toolset Continue Reading
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News
01 Feb 2022
Over one-fifth of ransomware attacks target financial sector
Newly published data reveals a significant uptick in cyber attacks against the financial services sector during the third quarter of 2021 Continue Reading
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News
31 Jan 2022
UK has record year for tech IPOs in 2021
Tech companies represented 29% of all UK initial public offerings last year, raising a record $6.6bn Continue Reading
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Opinion
31 Jan 2022
Understand your cyber training ‘need’ before committing to a programme
In-house or outsourced? What makes a good security training programme, and what questions should buyers ask when procuring training-as-a-service? Continue Reading
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News
28 Jan 2022
Cyber skills gap affecting data privacy practice, finds ISACA
Organisations are struggling to fill both legal and technical privacy roles, with potentially damaging consequences, according to a report Continue Reading
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News
27 Jan 2022
CISOs must get out in front of Ukraine cyber crisis, says NCSC
The National Cyber Security Centre is urging UK organisations to take steps to bolster their cyber security resilience in response to the ongoing Ukraine crisis Continue Reading
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News
27 Jan 2022
Novel phishing campaign highlights need for MFA, says Microsoft
Microsoft details a new multi-stage phishing campaign that only affects victims without multifactor authentication in place Continue Reading
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News
27 Jan 2022
Barclaycard customers increase contactless spending following limit rise
Barclaycard customers have increased their contactless card spending by 40% with most of their card payments using the technology Continue Reading
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News
27 Jan 2022
Nightmare Log4Shell scenario averted by prompt, professional action
Prompt and professional community response to the Log4Shell disclosure means the dangerous and widespread vulnerability has not been exploited to the extent many had feared Continue Reading
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News
27 Jan 2022
Bank account switching accelerates as consumers choose digital services
Surge in UK consumers changing current account providers is a sign that digital banking services are eating into the traditional sector Continue Reading
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Opinion
27 Jan 2022
Security Think Tank: Focus on ‘nudging’ to build effective cyber training
In-house or outsourced? What makes a good security training programme, and what questions should buyers ask when procuring training-as-a-service? Continue Reading
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Blog Post
26 Jan 2022
Mr 500,000 Chips
We recently saw a TikTok of the new guy on Dragons’ Den explaining the virtues of obtaining enough money to own a private jet: to maximise the number of what he refers to as his 500,000 chips – the ... Continue Reading
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News
26 Jan 2022
More intel emerges on WhisperGate malware that hit Ukraine
Security experts have been poring over the WhisperGate malware with which alleged Russia-backed entities targeted Ukrainian government websites Continue Reading
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News
26 Jan 2022
PwnKit bug endangers Linux distributions worldwide
Qualys researchers share intel on a memory corruption vulnerability in a program installed by default on every major Linux distribution Continue Reading
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News
25 Jan 2022
Prepare, but don’t panic, over supposed Russian cyber threat
A fresh alert from the US Department of Homeland Security may have IT security teams jumpy over the possibility that their organisations could be targeted by Russian state actors Continue Reading
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25 Jan 2022
Ikano Bank’s team of robots exceeds 2021 targets
How the Swedish bank’s robotic automation project reached its time-saving target with time to spare, automating 168 processes, creating an in-house RPA team and embedding automation in every department’s thinking Continue Reading
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News
20 Jan 2022
MoonBounce firmware bootkit shows advances in malicious implants
MoonBounce firmware bootkit shows evident technical improvements over others, making it a more dangerous threat to organisations. It is being used by Chinese state-backed actors Continue Reading
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News
20 Jan 2022
Advantages of traditional banks are weakening amid digital challenge, says FCA
Weakening of the advantages enjoyed by traditional banks over the years is “driven by digital innovation and changing consumer behaviour”, says regulator Continue Reading
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News
20 Jan 2022
Zopa Bank hits £1bn deposits in just 18 months
Bank has seen rapid growth since its launch and has set ambitious targets for the next 12 months Continue Reading
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News
19 Jan 2022
Danish digitisation partnership delivers plan to government
Public-private collaboration submits plan setting out “how Denmark can take advantage of the opportunities presented by digitisation moving forward into the future” Continue Reading
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News
19 Jan 2022
Twelve million jobs to be lost to automation in Europe by 2040
Millions of current jobs in Europe will be carried out by robots as software robots automate processes Continue Reading
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E-Zine
18 Jan 2022
The race to quantum computing
In this week’s Computer Weekly, researchers are racing to create the first commercially useful quantum computer – we look at one of the European candidates. Cyber security is one of the greatest risks facing the global economy, warns the World Economic Forum. And we examine the role of employee experience in hybrid working. Read the issue now. Continue Reading
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News
18 Jan 2022
Nordic fintech to use Google-inspired core banking from Thought Machine
Nordic fintech Lunar is modernising its banking platform as it sets out to expand free of the limitations of its current systems Continue Reading
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News
18 Jan 2022
Amazon puts UK Visa ban on hold
Online retail giant Amazon continues to allow UK Visa credit card payments as negotiations over fees with the card provider continue Continue Reading
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News
14 Jan 2022
Microsoft veteran turns her attention to levelling up IT industry for women
Diversity goes beyond balancing the internal workforce and should include working with partners that also have diversity as a core objective, says Gavriella Schuster Continue Reading
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News
13 Jan 2022
Ikano Bank’s team of robots exceeds 2021 targets
How the Swedish bank’s robotic automation project reached its time-saving target with time to spare, automating 168 processes, creating an in-house RPA team and embedding automation in every department’s thinking Continue Reading
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News
12 Jan 2022
Microsoft fixes six zero-days in January Patch Tuesday update
A larger than of late Patch Tuesday update from Microsoft comes as defenders continue to grapple with Log4Shell Continue Reading
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News
12 Jan 2022
Dutch cyber volunteers receive major funding boost
The Dutch Institute for Vulnerability Disclosure has received a $100,000 donation to expand the scope of its work Continue Reading
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News
11 Jan 2022
Almost half of Log4j downloads still dangerously exposed
Whether by error or design is unclear, but a great many IT teams are still exposing themselves by downloading outdated, insecure versions of Apache Log4j Continue Reading
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News
11 Jan 2022
Banks accused of neglecting customer security measures
Which? singles out Metro Bank, Virgin Money and TSB over insecure online banking processes Continue Reading
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Feature
07 Jan 2022
New supercomputer opens doors for researchers in Sweden
More than twice as powerful as its predecessor, a new supercomputer ushers in new opportunities for researchers who rely on artificial intelligence and machine learning Continue Reading
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News
06 Jan 2022
Record amount invested in UK fintech last year, but female founders still overlooked
Last year the UK financial technology sector attracted the most investment ever following a slowdown in 2020 Continue Reading
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News
06 Jan 2022
Which? raises concerns over buy now, pay later schemes
The ease of use and increased availability of buy now, pay later schemes masks the risks, says consumer protection champion Continue Reading
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News
06 Jan 2022
How far has Saudi Arabia come with open data?
While clearly on the right path, Saudi Arabia still has a lot to do before it reaps the full benefits of open data Continue Reading
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News
05 Jan 2022
Google buys Siemplify in first phase of cyber investment
Once integrated into Google Cloud, Siemplify’s platform will serve as the basis for deeper security development at Google Continue Reading
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News
05 Jan 2022
Fintech players get cosy in Luxembourg
Luxembourg aims to play a larger role in the rapidly growing global fintech market Continue Reading
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News
29 Dec 2021
Top 10 Nordic IT stories of 2021
Computer Weekly selects some of the biggest Nordic tech stories of 2021 Continue Reading
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Opinion
23 Dec 2021
Vulnerabilities to fraud are increasing across the board
As the pandemic continues to affect how we work, socialise, shop and conduct business, so it has increased opportunities for digital fraud and cyber crime. Jason Lane-Sellers explores the latest LexisNexis Risk Solutions ‘Cybercrime report’ Continue Reading
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Feature
22 Dec 2021
Is the IT sector beset by fear-mongering?
The arms race between hackers and security teams has led to a plethora of new technologies, but it can be hard to differentiate between sensible cyber purchases and those that are promoted by exaggerating risk Continue Reading
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Opinion
22 Dec 2021
A trial relying on computer evidence should start with a trial of the computer evidence
Learning from the Post Office Horizon scandal - the most widespread miscarriage of justice in recent British legal history Continue Reading
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News
22 Dec 2021
Top 10 financial services and fintech stories of 2021
Computer Weekly selects 10 key stories from the financial services IT sector over the past year Continue Reading
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News
21 Dec 2021
Large organisations turning to digital currencies for stored value
Gartner predicts a major acceleration in the use of digital currencies over the next couple of years Continue Reading
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News
21 Dec 2021
IT services spending recovery to get renewals boost in 2022
IT services and BPO deals worth $18.5bn globally up for renewal next year, adding fuel to already-expected high growth Continue Reading
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Opinion
20 Dec 2021
Security Think Tank: Reframing CISO-boardroom relations
Security learning is a career-long process, so as 2021 draws to a close, participants in the Computer Weekly Security Think Tank sum up the most important cyber lessons they’ve taken away from the past 12 months Continue Reading
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News
17 Dec 2021
HSBC fined £64m for automated transaction monitoring failures
Bank hit by multimillion-pound fine for failures related to its transaction monitoring, which failed to spot potential money-laundering activity Continue Reading
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News
16 Dec 2021
Barclays selects HPE GreenLake to host 100,000 workloads
Bank sees a need to provide more personalised digital experiences, and GreenLake is providing the IT infrastructure to help it get there Continue Reading
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News
16 Dec 2021
Nationwide Building Society moves website to Azure cloud
Building society’s tech teams work with consultancy Contino to implement new website using the chaos engineering method Continue Reading
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News
15 Dec 2021
After Log4j, December Patch Tuesday piles on the pressure
December’s Patch Tuesday update from Microsoft contains several critical CVEs, but this month all attention is focused on the fall-out from Log4Shell, and burn-out is becoming a real issue Continue Reading
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News
15 Dec 2021
AIB signs up to z15-powered transformation
Irish bank has continued its investment in IBM z-series hardware and the Red Hat software portfolio to help it achieve its digital transformation goals Continue Reading
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News
15 Dec 2021
UK government to take ‘whole-of-society’ approach to cyber
Second iteration of the UK’s National Cyber Strategy broadens its focus to build a ‘whole-of-society’ security posture Continue Reading
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News
15 Dec 2021
Which? tells banks to stop rushing branch closures
Consumer rights protector says banks should pause branch closures until they can ensure people have access to cash and services Continue Reading
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News
14 Dec 2021
Multibillion-dollar quantum opportunities if error rate recedes
Management consultant McKinsey discusses a potential $700bn opportunity in the pharma, finance, automotive and chemicals sectors Continue Reading
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News
14 Dec 2021
Almost half of networks probed for Log4Shell weaknesses
Close to half of corporate networks have already been actively targeted by individuals seeking to exploit the critical Log4Shell Apache bug Continue Reading
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News
13 Dec 2021
What is Log4Shell, and why are we panicking about it?
It’s been described as a ‘design failure of catastrophic proportions’ that threatens the very fabric of the digital world. Find out what the Log4j2 Log4Shell panic is all about, and what you should do about it Continue Reading
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News
10 Dec 2021
Channelling Nordic startup innovation towards global survival
Nordic startup innovation offers global organisations the green light towards sustainability Continue Reading