Staff get cyber checked with Willis Towers Watson diagnostic tool


Here’s a twist on the usual cybersecurity stuff. Advisory firm Willis Towers Watson has launched a new diagnostic tool designed to assess people’s cyber readiness. The firm says its tool can be used to “recruit, lead and engage a more cyber-savvy workforce”. It reckons that roles in cybersecurity are “some of the most in-demand across […]

Darktrace raises $75m to fight cybercrime with AI


Darktrace, a start-up that tackles cybercrime with artificial intelligence (AI) capabilities, has raised $75 million in a Series D round, reports Light Reading (Banking Technology’s sister publication). The latest capital injection values the company at $825 million, testament to the security threat faced by network operators and fintech enterprises and the power of machine learning technology. […]

Four best practices in responding to a security breach


You need to tell your customers you’ve been hacked. Now what?

Swift calling time on cybercrime with new payment controls

New addition to Swift's network

Swift has unveiled a new real-time payment controls service to add to its customers’ existing fraud controls. The new fraud and cybercrime prevention service will enable its customers to screen their payment messages according to their own chosen parameters, “enabling them to immediately detect any unusual message flows before transmission”. Yawar Shah, chairman of Swift, […]

Tackling cybercrime: why the industry must unite


Cyberattacks have been dominating newspaper headlines for some time now. Whether it’s losing access to PayPal, a distributed denial of service attack on Lloyds Group, or Tesco Bank customers losing £2.5 million to hackers, the threat of a cyberattack in 2017 is so great that it’s not a case of if, but when one occurs.

Looks like cyber criminals are pretty smart after all


New research from Gartner has shown enterprise organisations are beginning to accept that they are not as smart as cyber criminals, and investments over the course of 2017 will reflect this.

Lloyds, Halifax and TSB hit with online banking outages

UK flag

Customers of Lloyds, Halifax and TSB are unable to access their online accounts after a major outage. Based on Twitter feeds and the website monitoring service, Down Detector, there are problems across the UK. Many Twitter users, no strangers to tedious whinging at the best of times, are saying they can’t access accounts online or […]

HSBC to capitalise on tech innovation with technology advisory board

Andy Maguire, HSBC

HSBC has appointed a technology advisory board of top-level specialists from around the globe as the banking giant is keen to capitalise on opportunities in artificial intelligence (AI), biometrics, blockchain and data science, combat cybercrime and leverage its global infrastructure.

Italian banks set up cybersecurity response team, Certfin

Italy's banking sector joins forces to fight cybercrime

The Bank of Italy, the Italian Banking Association and the ABI Lab Consortium have signed an agreement to set up Certfin – “a highly specialised Computer Emergency Response Team (CERT) for Italy’s financial sector”.

Hackers steal $31.4 million from Bank of Russia

And here go RUB 2 billion...

Hackers have stolen RUB 2 billion ($31.4 million) from correspondent bank accounts at Bank of Russia, the country’s central bank.