Category: Finance

American Express has written to customers warning that their account details may have been breached after a third-party supplier to various merchants reported unauthorised access to its systems. Details emerged following a letter to regulators in the US state of Massachusetts. The credit card giant told customers that its own systems were not accessed and that […]

Insurance services provider Admiral is shifting its core operations to the Google Cloud Platform (GCP), and working with the tech giant to improve how its customer-facing app works. The collaboration means Google is now Admiral’s strategic cloud partner, and will work with the firm to move its core insurance policy administration and digital systems to […]

Tata Consultancy Services (TCS) will provide technology services to over five million pension policies over the next 15 years, after life insurance and pensions giant Aviva contracted the IT services giant to support its UK business.­­­­ The Indian IT services giant’s UK-regulated subsidiary, Diligenta, which specialises in the provision of business process outsourcing services […]

A cyber attack against the US Securities and Exchange Commission (SEC) that resulted in misinformation being posted on the financial regulator’s social media channels was the result of a SIM-swapping attack, it has emerged. The attack came to light on Monday 9 January when the SEC’s X account briefly appeared to confirm that the […]

Labour peer Prem Nath Sikka has asked the government what it knew about the Post Office’s attempt to remove a High Court judge from his position during a High Court battle with 555 subpostmasters. In March 2019, a multimillion-pound group litigation, where subpostmasters were attempting to prove errors in the computer system caused unexplained shortfalls […]

The IT expert who represented Alan Bates and more than 500 subpostmasters in a High Court case against the Post Office said if changes to the rules on computer evidence, described as “onerous” by the Post Office, had not been made in 1999, about 900 subpostmaster convictions wouldn’t have happened. In May 2022, the […]

Whilst other forms of AI will still drive the bulk of the business impact, generative AI will remain the hotly debated topic. All the big players have now put their first cards on the table, though new challengers keep popping up left, right, and centre, such as recently the French start up Mistral. This […]

Spanish banking giant Santander has increased its IT workforce to 27,500 globally after adding 4,500 in 2023 to support its digital transformation, which has seen 95% of systems moved to the cloud. New recruits include experts in cloud, cyber security, data, DevSecOps, artificial intelligence, software development, enterprise architecture and product management. The recruitment campaign, […]

Cryptocurrency markets fluctuated wildly on the evening of Monday 9 January after the US financial regulator, the Securities and Exchange Commission (SEC), briefly appeared to claim it had approved spot bitcoin exchange-traded funds (ETFs) for the first time. The fake announcement was made via X, the service formerly known as Twitter, at around 9pm […]

The Metropolitan Police is investigating the Post Office for fraud related to money taken from wrongly prosecuted subpostmasters, nearly four years after the force began investigating possible crimes of perjury committed by former Fujitsu staff. As revealed by Computer Weekly in April 2020, the Met Police began investigating whether tech executives at Fujitsu, which […]