Banking Regulations

UK regulators take aim at archaic data management practices

24 May 2023

The increasing availability of data in the finance industry provides firms with the opportunity to gain deeper insights into market trends, customer behaviour, and exposure to risk. With the help of advanced analytics and machine learning, finance firms can use this data to improve their decision-making processes, increase efficiency, and ultimate...

Data Management and Governance

Dark data and basic cloud security make financial organisations a sitting duck for ransomware

20 Feb 2023

After years of sustained, sophisticated attacks by a range of threat actors, financial services leaders are under no illusions that they need robust cyber defences. At the same time, they are also seeking to capitalise on the latest cloud technologies to ensure competitive advantage, with personalised banking apps, algorithmic underwriting, and qu...

Overcoming the security risk of messaging apps - can businesses control communications channels use

08 Dec 2022

The UK’s Financial Conduct Authority (FCA) recently made headlines for cracking down on communication over private messaging apps and SMS. The UK’s watchdog questioned top banks over the use of personal communications tools by staff after 16 banks – including Barclays, Citigroup, Goldman Sachs and Morgan Stanley – were fined $1.8bn in the US afte...

Data Management and Governance

Criminals doubling down on multi-layered ransomware attacks against financial services

23 Aug 2022

Ransomware attacks against financial services organisations continue to pose a perpetual threat, with IT teams in the sector struggling to keep pace with ever-increasing cybersecurity needs. In the last year ransomware attacks surged 105%; whilst according to Veritas data, almost half (48%) of financial service security teams believe that data sec...