The total value of payments made to cyber criminal ransomware gangs fell dramatically in the back half of 2024, and according to statistics released this week by Chainalysis, a supplier of blockchain and crypto services, less than half of victims of recorded incidents even made a payment. Chainalysis found that over 2024 as a whole,…
Investment in the UK fintech sector fell by 37% last year compared to 2023, but retained its leadership in Europe and was second place in global terms. The huge fall in investment was put down to tough market conditions which included “rising interest rates, geopolitical instability, and a recalibration in venture-capital fund-raising”, according to Innovate…
UK fintech investment drops by almost double global average Read More »
In late 2022, LastPass suffered a major security breach that, to this day, is still haunting the company and its customers. Now, a new crypto heist has also been linked to that breach. According to blockchain sleuth ZachXBT (via The Block), around $5.36 million has now been stolen from over 40 victims’ wallets that are…
2022 LastPass security breach linked to new $5.4 million crypto heist Read More »
First we had the Data Protection and Digital Information Bill, introduced by the last government and lost when the general election was called. Then came the Digital Information and Smart Data Bill, announced in the King’s speech in July but never enacted. And now we have the latest version, which has reached the House of…
The UK, with the third largest tech sector in the world, is well-positioned to successfully partner with leading and emerging digital economies. But innovation does not exist within the constraints of country borders. In fact, international partnerships and collaboration are key to making sure that technology works for people, economies, societies, and the planet. Recent…
Driving innovation in emerging tech through international collaboration Read More »
Sheridan Ash, founder and co-CEO of Tech She Can, has become the 13th person to be named Computer Weekly’s Most Influential Woman in UK Tech. Launched in 2012, the Computer Weekly list of the 50 Most Influential Women in UK Tech started as a list of 25, expanding to 50 in 2015, and now seeing…
Computer Weekly announces the Most Influential Women in UK Tech 2024 Read More »
HSBC has worked with Quantinuum to trial “the first application” of quantum-secure technology for distributing tokenised physical gold. The HSBC Gold Token for retail investors in Hong Kong allows the bank’s customers to acquire fractional ownership of physical gold. Moving these tokens over financial networks requires encryption that cannot be broken by high-performance quantum computers…
HSBC tests post-quantum VPN tunnel for digital ledgers Read More »
The current wave of digital transformation, accelerated by the rapid evolution of artificial intelligence (AI), presents both unprecedented opportunities and significant challenges. As AI continues to advance, it demands increasingly sophisticated datacentres and high-performance computing capabilities, raising critical concerns about its environmental impact. For CIOs and IT leaders, the imperative is clear: driving innovation must…
IT Sustainability Think Tank: Sustainable innovation in the age of AI Read More »
Perhaps the headline of this article holds a little hyperbole but, not so much. The law I’m referring to is the Electronic Trade Documents Act which comes into force today (20 September). The reason I make such a big claim for this slight yet significant statute is because across the UK, and around the world,…
The most important law you’ve never heard of – the Electronic Trade Documents Act Read More »
The London Stock Exchange (LSE) is going ahead with plans for a blockchain-based trading platform after a year of examination reached an “inflexion point”. According to a Financial Times report, the stock exchange hopes to have the platform, which will be part of its digital markets business, available in the next year if it gets…
London Stock Exchange plans blockchain-based market Read More »
