Software blocks banking Trojans PDF Print E-mail
Software blocks banking Trojans, inflexible IT barrier to innovation, and Westpac predicts outsourcing shift.

Software blocks banking Trojans

Businesses signed up to a new initiative from Internet security company Prevx will be offered free security software to protect against malicious banking Trojans, reports IT Pro.

Banking, government and e-commerce sites have been offered the opportunity to sign up for a programme that will allow them to offer customers free security software called `SafeOnline`.

This is meant to protect against threats that try and nab their financial details like Zeus and Sinowal, which have spread to thousands of computers. Prevx claims the technology protects PC users from banking threats such as phishing, DNS poisoning, screen grabbing, man-in-the-browser attacks and keylogging.

Inflexible IT barrier to innovation

Infosys Technologies has unveiled two reports on banking innovation which reveal that four out of five bankers rate innovation initiatives as extremely or very important for their pursuit of growth and for improving future efficiencies, states Reuters.

The BAI and Finacle Research Series: `Navigating in turbulent times: competing for deposits and relationships`, surveyed over 116 senior bankers from over 100 financial institutions across the US.

Further, close to nine out of 10 believe IT will be extremely or very important to innovation efforts. Debbie Bianucci, president and CEO of BAI, said: “Innovation will play a key role as the financial services industry focuses on efforts to rebuild consumer trust and confidence, drive growth, reduce costs and enhance the customer experience.

Westpac predicts outsourcing shift

Westpac CEO Gail Kelly has broadly hinted the bank is unlikely to renew its decade-long IT outsourcing deal with IBM, as banks move away from all-in-one mega deals to more tactical best-of-breed outsourcing arrangements, says Finextra.

Speaking to analysts after the presentation of the Australian bank`s financial results, Kelly suggested the banking industry`s fixation with mega outsourcing deals was drawing to a close.

"Ten years ago there were a number of large institutions that went for the all-in outsourcing arrangement, but I think that the models have changed," she said. "I think one is much more likely to look at the different elements and make sure you have the right partner for all the elements; your desktop may be a different solution to your main frame, for example."

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