Softbank ups investment in security AI firm Cybereason


Softbank has upped its investment in security firm Cybereason, as the focus on artificial intelligence (AI) continues.

Moronic UK hacker exploits CYBG loophole to steal £100,000


A British hacker/moron has been jailed for the theft of nearly £100,000 from Clydesdale and Yorkshire Banking Group (CYBG) by exploiting a bug in its online banking system. According to the BBC, 24-year-old James Ejankowski defrauded the bank of more than £99,000 in December 2016. He spent the money on a BMW, a Range Rover […]

AI will make humans redundant in security, but that’s a good thing

The robots are coming...

If security is too big a question for us to answer, maybe it’s time to hand the responsibility over to the machines, reports (Banking Technology‘s sister publication). During a panel at “AI and Machine Learning World”, part of tech event TechXLR8 in London, artificial intelligence (AI) was discussed. What might seem quite a controversial […]

Oracle taps into AI buzz to calm security fears


Oracle has announced a number of updates to its security portfolio focusing on leveraging the buzz surrounding machine learning, artificial intelligence (AI) and contextual awareness technologies.

EY to acquire Australian cybersecurity firm Open Windows


Consulting firm EY will acquire Australian cybersecurity and identity and access management (IAM) provider Open Windows. EY says Melbourne-based Open Windows’ expertise and tools will form the basis of a new Asia-Pacific regional IAM advisory platform within EY, to help assess, design, build and operate solutions. Lynn Kraus, Oceania managing partner advisory, EY, says it […]

Top fintech stories this week – 2 June 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Cisco and IBM team up to tackle cybercrime

IBM working with Standard Life and ING Direct Australia

Cisco and IBM Security have joined forces for products, services and threat intelligence as they seek to improve their market share and combat cybercrime. Cisco will integrate its security solutions with IBM’s QRadar for network, endpoint and cloud protection. IBM says this also establishes a new relationship between its IBM X-Force and Cisco Talos security […]

Skills over degrees in IBM’s new cybersecurity initiative

IBM working with Standard Life and ING Direct Australia

IBM Security has launched fintech programmes and partnerships to overcome the projected 1.8 million-person cybersecurity worker shortage and boost its market share. As part of its initiative, IBM is sponsoring alternative education models such as Hacker Highschool and Pathways in Technology Early College High School (P-TECH). It is also looking to change traditional hiring models […]

Europe strives to standardise cybersecurity

land area in Europe the night

The EU Network and Information Security Agency (ENISA) has joined forces with the semiconductor industry in a bid to improve the continent’s cybersecurity, reports (Banking Technology‘s sister publication). As ever region-wide initiatives such as this tend to be glacial affairs, but this announcement comes at a time when both cyber and physical security are […]

Top fintech stories this week – 19 May 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!