Finance

New research, from UK-based IT consultancy and services provider Doherty Associates, finds that only 18 percent of workers in two key sectors think that hybrid working has substantially improved productivity.

The survey of 889 employees working in the UK capital markets and legal industries looked to uncover how the working-from-home revolution and subsequent technological adoption have impacted productivity.

Announced last year in partnership with Goldman Sachs, the much-anticipated Apple Savings Account finally launched earlier today. Despite the long delay between announcing and launching the bank account, signing up for it was a surprisingly bad experience,

Firstly, it requires you to own an iPhone (on iOS 16.4 or higher) and be in the USA. I luckily meet this criteria, but understandably, Apple fans in other places would like to take advantage of the impressive APY (currently 4.15%). Of course, if and when the account launches in other countries, the rate is likely to vary based on location -- the percentage is unlikely to be the same regardless of country.

Switching to the cloud has left organizations in heavily regulated industries like healthcare and financial services with a greater attack surface, according to a new report.

Research published today by Blancco Technology Group, based on responses from 1,800 IT professionals in healthcare and finance, shows 65 percent of respondents say that the switch has also increased the volume of redundant, obsolete or trivial (ROT) data they collect.

Threat protection company Vade has released its latest Phishers' Favorites report for 2022 which finds that financial services is the most impersonated industry, accounting for 34 percent of phishing pages as attackers continue to follow the money.

There are also seven finance brands in the top 20, with PayPal, MTB, Crédit Agricole, and La Banaque Postale all securing a spot in the top 10.

Like any other industry, the financial services sector is undergoing digital transformation. While banking and finance have historically been quite traditional, pressure from more agile startups has led larger companies to look to tech to stay competitive.

The effect of the COVID-19 pandemic has driven more people to do their banking online too. Here are the key trends that experts expect to see in the fintech sector in 2023.

A new study shows 83 percent of IT leaders from banks, insurers and other financial services providers confirm there are challenges facing their development teams.

According to the research from Couchbase these challenges include having to do too much in too little time (54 percent); and that deadlines and agility requirements are difficult to meet (30 percent).

September this year marked five years since the notorious Equifax data breach which exposed the social security numbers, birthdates, credit card details, and more of millions of customers.

But how much has the industry learned from this breach? And what measures can be used to help avoid similar issues in the future? We spoke to Ian Coe, co-founder at Tonic.ai to find out why fake data might be the answer.

DDoS attacks made up 25 percent of the cyber incidents submitted to the UK's Financial Conduct Authority in the first half of 2022, compared to just four percent in 2021.

Analysis by attack simulation specialist Picus Security of information obtained from the FCA under a freedom of information request shows the rise also coincides with a reported increase in DDoS for hire websites and ransomware operators using DDoS as a tactic to pressure and extort money from targets.

According to a new survey, 94 percent of chief data officers (CDOs) from healthcare organizations and financial services firms say that deploying data privacy technology that enforces existing privacy regulations would result in increased revenues for their organizations.

The study from privacy technology specialist TripleBlind finds 37 percent of respondents estimate improved collaboration would increase revenues as much as 20 percent. In addition, 46 percent say increased data collaboration would give their organization a competitive advantage over others.

A successful cyberattack can have significant costs for a business, in terms of both reputation and finances. But what's the actual cost of an attack? And if you're looking at insurance how much should you be covered for?

To help answer those questions Safe Security is announcing two industry-first assessment tools to empower organizations to make financial decisions based on their actual cyber risk.

We reported two weeks ago that Tesla and SpaceX tycoon Elon Musk had put in a bid to buy Twitter, though it seemed at the time that the company’s board wasn’t too keen on the idea.

Fast forward to today and it seems that Musk's $43 billion offer is likely to be accepted. Financial site Bloomberg reports that a deal is close with negotiations in their final stages.

Cybercrime tends to follow the money when it comes to selecting targets, so it’s perhaps not too surprising to learn that 63 percent of financial institutions admit experiencing an increase in destructive attacks.

The latest Modern Bank Heists report from VMWare surveyed the financial industry's top CISOs and security leaders on the changing behavior of cybercriminal cartels and the defensive shift in the sector.

What’s the optimal way to manage cloud finances, one of the core disciplines of a FinOps practice?

The answer largely relies on automating efforts, but many FinOps practitioners haven’t taken full advantage of opportunities available to them or of the savings available to their organizations. According to a report from the FinOps Foundation, a Linux Foundation non-profit trade association focused on codifying and promoting cloud financial management best practices and standards, nearly half (49 percent) of the more than 800 respondents (with a collective $30+ billion in annual cloud spend) had little or no automation of cloud spend management.

A new study by one-stop hub platform Moxo (formerly Moxtra), looking at the finance, real estate and legal sectors, finds 90 percent of people's preferred method of communication when asking questions about their account and business transactions is digital (via a designated client portal), rather than scheduling an in-person appointment or phone call.

Moxo surveyed 1,500 clients and 1,500 internal- and external-facing employees and finds that 73 percent of employees believe digital solutions will be extremely important to improve business efficiency and 60 percent believe they will be extremely important in enhancing client service delivery and account management.

The financial, operational, and reputational risks of ransomware make it the top threat facing financial services organizations, a new report from F-Secure says.

The three most common routes used to spread ransomware are phishing, exposed remote desktop protocol (RDP) ports, and the exploitation of vulnerable software.