Sweden’s Ikano Bank outsources core banking to TCS

Ikano Bank has outsourced its core banking system to Tata Consultancy Services (TCS) as it attempts to move to a single core banking system for all the countries it is present in. The Swedish bank has about 1,200 staff in eight countries, including the UK, Sweden’s neighbouring Nordic countries, Germany and Austria, but it […]

Read more
Vulnerability exploitation volumes up over 50% in 2022

Driven by significant cyber security disclosures affecting supply chain dependencies, such as Log4j and Realtek, threat actors have vastly increased their use of vulnerabilities as a means to work their way inside their victims’ systems, with vulnerability exploitation attempts per customer up by 55% year on year (YoY) over the course of 2022, according […]

Read more
UK gets new rules to regulate crypto sector

Crypto firms that want to market their products in the UK will need to introduce new measures to protect consumers from rogue operators, including a cooling-off period for first-time buyers and an end to “refer-a-friend” type incentives, under new regulations to be imposed later this year by the Financial Conduct Authority (FCA). The FCA […]

Read more
Regulatory ‘lacuna’ around facial recognition threatens rights

The increasing use of live facial recognition (LFR) cameras to automatically collect biometric data points to an Orwellian future; one which bears witness to the usurping of an individual’s privacy. While not necessarily unlawful – the Information Commissioner’s Office (ICO) recently said it was satisfied with LFR used by security company Facewatch – there […]

Read more
Government and industry figures meet to discuss AI regulation

Despite a growing consensus that artificial intelligence (AI) requires regulation, there is still disagreement over exactly how the technology should be governed, and whether the UK government’s proposed “light-touch” approach will be effective.   On 6 June, tech industry leaders met with government ministers and regulators in London to discuss the UK’s approach to […]

Read more
Bishop Fox’s Vinnie Liu talks offensive security skills

Conventional security, which is sometimes referred to as “defensive security”, focuses on reactive measures, such as fixing known system vulnerabilities. Offensive security, on the other hand, is a proactive approach to protecting against cyber attacks. Offensive security is far more than just another word for penetration testing (also known as pen testing). Penetration testing […]

Read more
IT budgets buck general economic trend

Thank you for joining! Access your Pro+ Content below. June 2023 CW EMEA: IT budgets buck economic trends Share this item with your network: Despite the gloomy economic outlook across the world, IT leaders in the EMEA region appear confident that they will have more to spend on IT this year, with 44 expecting IT […]

Read more