IT for financial services
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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
03 Jan 2024
Artificial intelligence to the front in Sweden’s National Technology Strategy
Sweden focuses in on artificial intelligence in its latest far-reaching national IT strategy Continue Reading
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News
13 Jun 2024
Q&A: Adalbjorn Thorolfsson on IT project management in Iceland
With a small, but very sophisticated population, Iceland has unique ways of keeping up with the rest of the world in the IT sector. Adalbjorn Thorolfsson, president of the Icelandic Project Management Association, describes some lessons for the rest of the world Continue Reading
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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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Opinion
12 Jun 2024
How to ensure public cloud services are used safely and securely
This month, the Computer Weekly Security Think Tank considers how CISOs and security practitioners should ensure that the business can make use of public cloud services safely and securely and avoid accidental or deliberate data leakage. Continue Reading
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Opinion
11 Jun 2024
True cloud security requires in-depth understanding
This month, the Computer Weekly Security Think Tank considers how CISOs and security practitioners should ensure that the business can make use of public cloud services safely and securely and avoid accidental or deliberate data leakage. Continue Reading
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News
11 Jun 2024
Pure Storage hit by Snowflake credential hackers
Pure Storage emerges as the latest victim of a fast-spreading breach of Snowflake customers targeting users with lax credential security measures in place Continue Reading
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News
11 Jun 2024
More than 160 Snowflake customers hit in targeted data theft spree
Mandiant reports that more than 160 Snowflake customers have been hit in a broad data theft and extortion campaign targeting organisations that have failed to pay proper attention to securing valuable credentials Continue Reading
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News
11 Jun 2024
Cobol knowledge crisis threatens Dutch financial systems
Expertise in complex Cobol systems, critical to major financial institutions, is dwindling in The Netherlands, resulting in retired professionals returning work Continue Reading
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News
07 Jun 2024
Rapid AI development poses supervisory challenges in the Netherlands
In the Netherlands, the financial regulator and the monetary authority are grappling with the pace of artificial intelligence development and its implications for the financial industry Continue Reading
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News
05 Jun 2024
Executive interview: Richard Wazacz, CEO, Travelex
The data-savvy chief executive is rebuilding Travelex as an omnichannel, digital business after the company foundered during the pandemic Continue Reading
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Opinion
04 Jun 2024
Security Think Tank: The cloud just got more complicated
This month, the Computer Weekly Security Think Tank considers how CISOs and security practitioners should ensure that the business can make use of public cloud services safely and securely and avoid accidental or deliberate data leakage. Continue Reading
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News
03 Jun 2024
97 FTSE 100 firms exposed to supply chain breaches
Between March 2023 and March 2024, 97 out of 100 companies on the UK’s FTSE 100 list were put at risk of compromise following supply chain breaches at third-party suppliers Continue Reading
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News
03 Jun 2024
Major breaches allegedly caused by unsecured Snowflake accounts
Significant data breaches at Ticketmaster and Santander appear to have been orchestrated through careful targeting of the victims’ Snowflake cloud data management accounts Continue Reading
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News
03 Jun 2024
Uktech50 2024: The longlist of the UK’s influential tech leaders
UKtech50 received a record-breaking 434 nominations for the 2024 list. Unfortunately, there wasn’t space for everyone in the top 50, and as you can see for yourself in this year’s longlist, it was a difficult decision for the judges Continue Reading
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News
30 May 2024
FWD teams up with AWS on cloud
The pan-Asian insurer plans to host its core applications on AWS in a five-year agreement that comes on the heels of an earlier deal with Microsoft to tap Azure cloud and AI services Continue Reading
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News
29 May 2024
Organisations value digital trust, but aren’t working at it
Three quarters of organisations believe digital trust is relevant to their businesses, yet clear gaps in strategies still seem to persist Continue Reading
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News
28 May 2024
Executive Interview: Why Dell wants to be your one-stop AI shop
At Dell Technologies World in Las Vegas, artificial intelligence was the talk of the town as Dell staked out an all-encompassing strategy ahead of an anticipated goldrush. Dell’s Nick Brackney explains why the tech giant believes it's onto a winner Continue Reading
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News
24 May 2024
UKtech50 2024: Vote for the most influential person in UK IT
Our judges have selected the top 50 leaders from a shortlist of more than 400 people – now it’s your chance to tell us who you think is the most influential person in UK technology Continue Reading
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News
16 May 2024
HMRC channel shift to digital ‘too aggressive’, says NAO
HMRC digital services have not had the anticipated effect on customer service it hoped for, NAO report reveals, as the auditor says the department needs to develop more realistic plans Continue Reading
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News
15 May 2024
Critical SharePoint, Qakbot-linked flaws focus of May Patch Tuesday
A critical SharePoint vulnerability warrants attention this month, but it is another flaw that seems to be linked to the infamous Qakbot malware that is drawing attention Continue Reading
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News
14 May 2024
CyberUK 24: UK insurance industry gets tough on ransomware
Three of the UK’s largest insurance associations have signed on to a new initiative spearheaded by the NCSC to try to bring down the number of ransomware payments being made Continue Reading
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Opinion
13 May 2024
The UK may not have a choice on a ransomware payment ban
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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Feature
13 May 2024
Finland develops quantum algorithms for the future
Finnish researchers are focusing on a small set of quantum algorithms they believe will have a global impact Continue Reading
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News
09 May 2024
Cyber attack victims need to speak up, says ICO
The Information Commissioner’s Office is urging organisations to be transparent and learn from each other’s mistakes as it reveals most of the cyber attacks it responds to stem from the same core errors Continue Reading
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Opinion
09 May 2024
Enhance identity controls before banning ransomware payments
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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Opinion
07 May 2024
Government plans to scan bank accounts of disabled people will lead to another scandal
The government is sleepwalking into another scandal as it pushes plans for ‘bank scanning’ algorithms to monitor bank accounts of disabled people Continue Reading
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Feature
07 May 2024
What does the Data Protection and Digital Information Bill mean for UK industry?
The Data Protection and Digital Information Bill is the first shift in the UK’s data protection regime since leaving the EU, but what could it mean for UK industry? Continue Reading
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Definition
02 May 2024
What is PCI DSS (Payment Card Industry Data Security Standard)?
The Payment Card Industry Data Security Standard (PCI DSS) is a widely accepted set of policies and procedures intended to optimize the security of credit, debit and cash card transactions and protect cardholders against misuse of their personal information. Continue Reading
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News
01 May 2024
EMEA CISOs must address human factors behind cyber incidents
The 17th annual Verizon report on data breaches makes for sobering reading for security pros, urging them to do more to address the human factors involved in cyber incidents, and highlighting ongoing issues with zero-day patching Continue Reading
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Opinion
01 May 2024
Better hygiene may mitigate the need to ban ransomware payments
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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News
01 May 2024
Secure coding benchmark to increase standards among developers
Developer security advocate Secure Code Warrior has launched what it claims is the industry’s first benchmark designed to quantify the security competence of its customers’ software developer teams Continue Reading
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News
01 May 2024
DWP anti-fraud measures will allow monitoring of bank accounts of landlords, carers and parents
Parliamentarians raise concerns that a proposed law to require banks to monitor the accounts of millions of people receiving state benefits could lead to those on welfare being denied accommodation or bank accounts Continue Reading
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Opinion
29 Apr 2024
Ransomware payment bans need universal buy-in
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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Opinion
26 Apr 2024
Security Think Tank: Maybe let's negotiate with terrorists
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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Opinion
23 Apr 2024
Security Think Tank: Cyber sector, you have failed this community
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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Feature
23 Apr 2024
Five reasons why – and when – cloud storage is the answer
We look at when cloud storage can be the best choice, with considerations that include performance, scalability and agility, cost, management simplicity, and security and resilience Continue Reading
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Feature
22 Apr 2024
Securing the edge: A new battleground in mobile network security
Edge computing is transforming approaches to mobile network infrastructure, but failure to secure it can expose networks and data to cyber threats. Learn more about the dangers and potential solutions Continue Reading
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Feature
22 Apr 2024
Austrian AI: from academia to commercial success and beyond
Austria has established itself as a European frontrunner when it comes to artificial intelligence exploration and, importantly, deployment Continue Reading
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News
22 Apr 2024
IT leaders hiring CISOs aplenty, but don’t fully understand the role
Most businesses now have a CISO, but perceptions of what CISOs are supposed to do, and confusion over the value they offer, may be holding back harmonious relations, according to a report Continue Reading
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News
18 Apr 2024
International police operation infiltrates LabHost phishing website used by thousands of criminals
The Metropolitan Police working with international police forces have shut down LabHost, a phishing-as-a-service website that has claimed 70,000 victims in the UK Continue Reading
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Opinion
18 Apr 2024
Security Think Tank: Approaches to ransomware need a course correction
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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News
18 Apr 2024
Lords to challenge controversial DWP benefits bank account surveillance powers
Members of the House of Lords are pressing for amendments to the Data Protection and Digital Information Bill following concerns over government powers to monitor the bank accounts of people receiving benefits Continue Reading
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News
16 Apr 2024
CISOs not yet convinced to invest in AI
CISOs say their eyes are fixed firmly on threats like ransomware and supply chain attacks, and while AI is becoming a threat that needs to be dealt with, it’s not yet an immediate spending priority Continue Reading
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News
16 Apr 2024
CW Innovation Awards: Gleaning data insights with AI
Hong Kong-based Citic Telecom CPC has built a data platform that leverages large language models to generate insights and speed up data retrieval and analysis Continue Reading
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News
16 Apr 2024
CW Innovation Awards: Making AI pervasive
DBS Bank’s AI Industrialisation Programme has been instrumental is industrialising the use of data and AI across its business, resulting in over S$370m of incremental economic benefits Continue Reading
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News
15 Apr 2024
Nib shutters last datacentre, moves most workloads to AWS
The Australian health and travel insurance provider has closed the last of its seven datacentres, marking the end of its nine-year cloud migration programme Continue Reading
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Opinion
15 Apr 2024
Threat actors look to stolen credentials
In 2023, threat actors wrought havoc on corporate networks by logging in through valid accounts, and as bad actors begin investing in AI to help them identify priority targets, this problem is only expected to worsen in the future Continue Reading
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News
09 Apr 2024
UK plc failing on multiple cyber measures
Government report shows 50% of businesses and 32% of charities reported a cyber attack or breach in the past 12 months and organisations across the UK are failing on multiple cyber measures Continue Reading
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Opinion
03 Apr 2024
Security Think Tank: Banning ransomware payments is not so straightforward
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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News
03 Apr 2024
RDP abused in over 90% of cyber attacks, Sophos finds
Threat actors continue to see great success using simple, tried and tested methods, and many defenders are failing to do the basics Continue Reading
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Opinion
02 Apr 2024
Security Think Tank: How to tackle the scourge of ransomware?
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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Opinion
01 Apr 2024
Security Think Tank: Ransomware lessons from the armed forces
In the wake of renewed calls for lawmakers to consider enacting legal bans on ransomware payments, the Computer Weekly Security Think Tank weighs in to share their thoughts on how to tackle the scourge for good. Continue Reading
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News
29 Mar 2024
Organisations getting better at spotting identity fraud
As the barriers to committing identity fraud continue to drop, organisations should consider more sophisticated technical measures to successfully up their game, according to a report Continue Reading
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News
27 Mar 2024
Cyber spies, not cyber criminals, behind most zero-day exploitation
Analysis from Google has found that zero-day vulnerabilities are much more heavily exploited for espionage purposes than for financially motivated cyber crime Continue Reading
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News
26 Mar 2024
Shareholders win when businesses do better at cyber
The more advanced a company’s cyber security performance, and the more engaged its board is with security issues, the greater the return for shareholders, a report has found Continue Reading
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News
25 Mar 2024
Which? calls for government action on fake banking sites
Amid high volumes of spoofed, fraudulent banking websites, Which? is calling for the government to implement new legal obligations for domain registrars Continue Reading
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Feature
25 Mar 2024
Making Tax Digital explained: Everything you need to know
Making Tax Digital is meant to overhaul the UK tax system, make it easier for businesses to file tax returns, and reduce error and fraud. How successful has the programme been? Computer Weekly looks at the details of tax digitisation Continue Reading
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News
22 Mar 2024
Nationwide building society falls victim to IT outage
Nationwide joins McDonald’s, Greggs, Sainsbury’s and Tesco as the fifth major high street name to experience an IT service outage in the space of a week Continue Reading
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News
21 Mar 2024
NCSC guidance to help CEOs work through cyber incidents
The NCSC has published in-depth guidance on how business leaders should respond to a cyber attack or data breach. Learn about some of the key steps you will need to follow Continue Reading
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News
20 Mar 2024
UK’s cyber resilience stagnates as more fall victim to attacks
The government is calling on businesses to ramp up their cyber protections as study shows improvements to resilience are stagnating amid an ever-growing volume of attacks Continue Reading
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News
18 Mar 2024
The Security Interviews: Alex Yampolskiy, SecurityScorecard
Alex Yampolskiy conceived the idea for risk management specialist SecurityScorecard after getting stung by a SaaS supplier that was being cavalier with its customer data. He tells his story to Computer Weekly Continue Reading
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News
17 Mar 2024
UK’s AI ambitions pointless while cyber security is still neglected
The UK’s AI ambitions may be at considerable risk without stronger cyber defences across the private and public sectors Continue Reading
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News
13 Mar 2024
Microsoft AI-powered cyber service to go live in April
After a year being previewed by beta customers, Microsoft’s much vaunted Copilot for Security service is about to go on general release, promising time savings and improved accuracy for hard-pressed security pros Continue Reading
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News
12 Mar 2024
March Patch Tuesday throws up two critical Hyper-V flaws
Two critical vulnerabilities in Windows Hyper-V stand out on an otherwise unremarkable Patch Tuesday Continue Reading
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News
12 Mar 2024
Nationwide IT infrastructure poised to absorb Virgin Money
A Nationwide takeover of Virgin Money will be the biggest financial services acquisition since 2008, but what about the IT challenges and opportunities that go with it? Continue Reading
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News
05 Mar 2024
American Express customers exposed through third-party breach
US card giant warns customers that their personal details may have been exposed after a third party experienced a systems breach Continue Reading
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News
05 Mar 2024
Banning ransomware payments back on the agenda
The idea of banning ransomware payments to cyber criminals is back on the agenda, with former NCSC chief Ciaran Martin arguing that tougher measures need to be taken Continue Reading
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Opinion
05 Mar 2024
How Southeast Asia’s largest bank is riding the AI wave
DBS has scaled its AI capabilities across all parts of its business to deliver tangible outcomes and productivity gains Continue Reading
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Feature
01 Mar 2024
Ivanti vulnerabilities explained: Everything you need to know
A series of vulnerabilities in Ivanti products have caused concern worldwide. Delve into some of the key issues arising from the Ivanti disclosures, looking at the vulnerabilities and their impact, what affected users should do, and learn about new developments Continue Reading
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News
28 Feb 2024
75% of third-party breaches target software, IT supply chains
Data drawn from SecurityScorecard’s telemetry reveals how supply chain breaches are becoming a weapon of choice for threat actors Continue Reading
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News
28 Feb 2024
Users love their cyber teams, but find them frustrating
Despite strong support for security teams, a good number of ordinary workers see them as obstructive to business goals, and would like to see them operate more transparently Continue Reading
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News
27 Feb 2024
Black Basta and Bl00dy ransomware gangs exploiting ConnectWise vulns
More ransomware gangs have been observed exploiting two dangerous vulnerabilities in ConnectWise ScreenConnect software, prompting new warnings for users to get patching Continue Reading
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News
27 Feb 2024
VulnCheck bug listing to help track new threats quicker
Exploit intelligence firm VulnCheck launches a proprietary Known Exploited Vulnerabilities catalogue in hopes of improving end-user access to intel on emerging threats and reaching those that the likes of CISA do not Continue Reading
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News
27 Feb 2024
Majority of UK employees ‘willingly gamble’ with security
Human-centric threats originating from employees continue to damage organisations both financially and reputationally, according to a report Continue Reading
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News
27 Feb 2024
Cozy Bear and other APTs changing tack as cloud adoption increases
A change in APT tactics has been observed resulting from greater adoption of cloud-based services, according to the NCSC Continue Reading
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News
23 Feb 2024
ConnectWise users see cyber attacks surge, including ransomware
ConnectWise ScreenConnect users who have yet to patch against a critical vulnerability are now being targeted by a barrage of cyber attacks, including ransomware Continue Reading
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Opinion
22 Feb 2024
How can we adapt work practices to protect CISO mental health?
Cyber leaders are finding it harder to keep up with security requirements than just two years ago, risking a domino effect of dissatisfaction, burnout and eventually, resignation Continue Reading
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News
21 Feb 2024
CVE volumes set to increase 25% this year
The number of reported Common Vulnerabilities and Exposures is likely to grow significantly in 2024, hitting a new high of almost 35,000, according to Coalition, a cyber insurance specialist Continue Reading
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News
21 Feb 2024
Co-op signs TCS deal for cloud-first push
The Co-operative Group has contracted IT service provider Tata Consultancy Services to support its move to a cloud-first IT environment Continue Reading
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News
21 Feb 2024
How Indian fintechs can address compliance issues
Fintechs will need to bolster their know-your-customer practices and establish self-regulatory mechanisms, among other measures, to address compliance issues that have come under the spotlight Continue Reading
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News
14 Feb 2024
Microsoft patches two zero-days for Valentine’s Day
Two security feature bypasses impacting Microsoft SmartScreen are on the February Patch Tuesday docket, among more than 70 issues Continue Reading
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News
13 Feb 2024
How DBS is industrialising AI across its business
Southeast Asia’s biggest lender is building a strong data foundation and upskilling employees on data and artificial intelligence to realise its vision of becoming an AI-fuelled bank Continue Reading
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News
13 Feb 2024
Hunter-killer malware volumes seen surging
Latest Picus Security report on malware tactics, techniques and procedures reveals an increasing focus on disabling security defences Continue Reading
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News
09 Feb 2024
Europe carves out niche in quantum computing
As the US, China and Europe accelerate investment in quantum computing, Europe is beginning to develop its own unique position in the fledgling global ecosystem Continue Reading
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Opinion
07 Feb 2024
Security Think Tank: The phishing forecast for 2024
Egress' Jack Chapman and James Dyer explore how phishing attacks are set to grow in their scope and sophistication this year, with generative AI playing a big role Continue Reading
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News
06 Feb 2024
UK’s McPartland Cyber Review to probe trust in technology
The UK government has launched a cyber security review that will investigate how best to give businesses the confidence they need to use new technologies Continue Reading
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News
31 Jan 2024
Aviva signs 15-year contract with Indian IT giant
Tata Consultancy Services continues to make large gains in the UK life insurance and pensions sector Continue Reading
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News
25 Jan 2024
Bugcrowd sees surge in vulnerability submissions, led by public sector
Crowdsourced vulnerability disclosure and bug bounty platform Bugcrowd says it saw a 151% uptick in submissions related to government and public sector organisations in 2023 Continue Reading
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News
24 Jan 2024
WebKit vulnerability sparks Apple’s first major security update of 2024
A zero-day in the open source WebKit browser engine that powers Safari has sparked Apple’s first major patch roll-out of the new year Continue Reading
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News
24 Jan 2024
AI will heighten global ransomware threat, says NCSC
The benefits of artificial intelligence to cyber criminals being well-known, the NCSC now assesses it’s likely AI will soon be widely used to enhance ransomware attacks Continue Reading
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News
23 Jan 2024
Treat cyber risk like financial or legal issue, says UK government
UK government and NCSC launch proposed code of practice on cyber security governance to help directors and business leaders toughen their defences Continue Reading
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News
23 Jan 2024
Leak of 26 billion records may prove to be ‘mother of all breaches’
The discovery of a dataset comprising 26 billion stolen records may prove to be record-breaking in both its size and the danger it poses to ordinary people Continue Reading
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News
23 Jan 2024
SEC bitcoin hack was result of SIM-swapping
A cyber attack on the US financial regulator earlier in January 2024 occurred after hackers took over one of its mobile phone accounts in a so-called SIM-swapping attack Continue Reading
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Feature
17 Jan 2024
Biometric revolution in IAM: The future of authentication
The IAM landscape is experiencing profound change thanks to the advent of biometrics. Learn about the latest advantages and key benefits of biometrics in identity Continue Reading
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News
17 Jan 2024
Victims of 2023 Capita data breaches head to High Court
More than 5,000 people impacted by data breaches arising from two cyber incidents affecting outsourcer Capita have joined a group action lawsuit Continue Reading
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Opinion
16 Jan 2024
The human toll of ransomware: how IT pros suffer during incidents
Any ransomware attack causes significant challenges for a business or organisation going through such incident. But ransomware attacks also have tremendous impact on the staff – especially IT teams – working on mitigating the attack’s effect Continue Reading
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E-Zine
16 Jan 2024
All eyes are on the Post Office scandal – at last
In this week’s Computer Weekly, 15 years since we first revealed the plight of subpostmasters, and four years since their High Court victory, the UK public and government are getting behind the victims, thanks to a TV dramatisation of the scandal. We look at government plans to quash convictions, and analyse the role of Horizon IT supplier Fujitsu in how the Post Office scandal developed. Read the issue now. 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
11 Jan 2024
Cisco fixes high-impact flaw in unified comms platform
Cisco unified comms customers are urged to patch a critical vulnerability in Unity Connection, a messaging and voicemail product Continue Reading
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News
10 Jan 2024
Windows Kerberos, Hyper-V vulns among January Patch Tuesday bugs
Microsoft starts 2024 right with another slimline Patch Tuesday drop, but there are some critical vulns to be alert to, including a number of man-in-the-middle attack vectors Continue Reading
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News
10 Jan 2024
SEC social media hack highlights value of MFA
The US SEC briefly appeared to approve new bitcoin trading rules after a social media account was targeted by troublemakers, proving the value of MFA once again Continue Reading