Banking

Online Security Incidents Cost Banks £1.4 Million A Pop

Financial organisations need to consider the cost implications of cyber threats such as DDoS attacks

8 years ago

Consumers ‘Overwhelmingly’ Prefer Biometric Security For Financial Services

Nine out of 10 consumers and banking professionals want biometric authentication put in place, but a skills gap stands in…

8 years ago

SWIFT Profits Drop 31 Percent Following Bangladesh Hack

The SWIFT transfer network has seen profits slashed after it invested in expanding security operations following the $81m Bangladesh Bank…

8 years ago

HSBC Adopts AI Startup Ayasdi’s Tech To Tackle Money-Laundering

Using AI aims to save the bank millions in efficient and automated data analysis

8 years ago

RBS Natwest Online Banking Issues Cause Payment Chaos On Payday

RBS says Natwest online banking issue is resolved while Lloyds and Halifax customers suffer issues ahead of bank holiday

8 years ago

TrickBot Trojan Now Targets Private Banks

Malware is now hand picking private banks, as IBM warns of 'skyrocketing' breaches of financial data

8 years ago

Banks Use IBM Watson To Catch Rogue Traders

IBM is also developing anti-money-laundering tools and services to aid banking compliance

8 years ago

Developer Of Citadel Trojan Faces 10 Year Prison Sentence

Russian developer of banking trojan that stole more than £400m, faces lengthy stint in American jail

8 years ago

HSBC Takes First Cloud Steps To Support Digital Banking Ambitions

INTERVIEW: HSBC's head of platform explains its cloud journey so far and why it's picked Amazon Web Services (AWS)

8 years ago

Metro Bank Now Supports Android Pay

Metro Bank becomes the latest bank to support Android Pay, leaving Barclays all alone

8 years ago

Lloyds Internet Banking Outage ‘Caused By DDoS’

Lloyds Banking Group IT outage was the result of a DDoS staged by cybercriminals

8 years ago

Blockchain Tech ‘Could Save’ Banks £9.7bn Billion A Year

Moving to a distributed database using blockchain could help banks save billions on costly data processes

8 years ago

HSBC Calls On High-Flying CEOs For Tech Advice

The advisory board of high-profile CEOs will focus on disruption, cyber and infrastructure

8 years ago

Lloyds Tries To Find Cause Of Online Banking Outage

Lloyds Bank issues extend to a second day but cause has still yet to be identified

8 years ago

Isle Of Man Targets Blockchain And Digital Payments For Fintech Future

Blockchain is the future, but there's still plenty of work to be done before its becomes mainstream

8 years ago

Strathclyde University Offers UK’s First Fintech Degree Course

Good news for British banking sector after Scottish university offers first fintech degree course in the UK

8 years ago

Money, Data And Disruption: Cyber Attacks Of 2016

2016 has been an interesting year for cyber security, and that's putting it mildly

8 years ago

SWIFT Discloses More Successful Bank Heists

Attacks have continued since the Bangladesh heist, with one-fifth resulting in fraud

8 years ago

NatWest Warns 600,000 Customers Over Three Hack

Natwest has contacted customers it believes could have been affected by the Three data breach

8 years ago

Cobalt Gang Makes ATMs Across Europe Spew Cash

The 'touchless jackpot' technique uses hacked bank networks to compromise teller machines

8 years ago

How Barclays Avoids Downtime Chaos

Bala Chandrasekaran of Barclays, explains how the bank hopes to avoid a repeat of last year's Christmas banking disaster

8 years ago

Switzerland To Ease Red Tape For Fintech Startups

Swiss government proposes new rules to help financial technology startups enter the market

8 years ago

Researcher Breaches PayPal’s Two-Factor Authentication In Five Minutes

The surprisingly simple hack tricked PayPal into giving the researcher access to his own account

8 years ago

Banks Are ‘Hoarding’ Bitcoin To Pay Attackers

British financial institutions are reportedly looking into buying up stocks of bitcoin that could be used to pay off denial-of-service…

8 years ago

Banks ‘Under-Reporting Cyber Attacks’ Say Security Firms

Banks are not providing enough details on cyber-attacks in order to downplay security fears, say insiders

8 years ago

Majority Of Banks Will Adopt Blockchain Says IBM

Blockchain to be used by majority of financial institutions within three years, as adoption ramps up

8 years ago

Accenture Touts Need For Blockchain Editing Tool

Editable blockchain controversery, but Accenture insists it would only be used under 'extraordinary circumstances'

8 years ago

SWIFT Offers Daily Reports To Help Tackle Bank Fraud

Customers to receive 'anti-fraud reports' as security clampdown continues for banking messaging system

8 years ago

Bank Of England To Rewrite Core Payment Tech By 2020

The update to the 20-year-old bank-to-bank settlement service is to take into account new technologies such as blockchain ledgers

8 years ago

New CMA Measures Will Ensure Banks Exploit Technology

Banks aren’t doing enough to compete for customer’s business, claims CMA report

8 years ago