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Wells Fargo bank turns to AI to help families settle estates after a death

9 minutes of reading / AI, automation, Computer, Tech / By

US bank Wells Fargo has reported a big jump in recommendations from customers after using artificial intelligence (AI) and automation to help families manage the bank accounts, mortgages and financial assets of bereaved relatives.  The bank, which runs over 4,000 branches in the US, is investing in AI and business process management software as it…

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Post Office Horizon IT scandal inquiry: Two years of shocking revelations

29 minutes of reading / Computer, Fujitsu, Tech / By

The statutory public inquiry into the Post Office scandal went relatively unnoticed for almost two years, but in that time, those au fait with the case have been shocked on an almost daily basis. The airing of ITV’s Mr Bates vs the Post Office drama and accompanying documentary in January 2024, eventually put the scandal…

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Pakistani national arrested over Southport ‘cyber terrorism’

3 minutes of reading / AI, Computer, social media, Tech, Twitter / By

Authorities in Lahore, Pakistan, have arrested and questioned a web developer, named as Farhan Asif, on suspicion of cyber terrorism in relation to misinformation posted in the wake of the 29 July mass stabbing at a children’s Taylor Swift-themed dance workshop in Southport, Merseyside, in which three were murdered. The attack on a community dance…

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Post Office apologises for IT problem text alert that was never sent

3 minutes of reading / Computer, Fujitsu, Tech / By

The Post Office has apologised once again to subpostmasters after it was confirmed that a text message intended to warn branch managers of a problem preventing access to the Horizon IT system was never sent. As reported by Computer Weekly earlier this week, about 3,000 Post Office branch counters were unable do business when they…

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Body of tech entrepreneur Mike Lynch recovered after freak storm

5 minutes of reading / AI, Amazon, AWS, ChatGPT, Computer, data analytics, data science, Google, HP, Microsoft, Tech / By

Following the sinking of his luxury yacht on Monday, Reuters has reported that the body of tech entrepreneur Mike Lynch has been recovered.Lynch was among six people who have been confirmed to have died when the yacht sank after being hit by a sea tornado, known as a waterspout, in the early hours of Monday…

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How UK firms can get ready for the implementation of NIS2

7 minutes of reading / business continuity, cloud computing, compliance, Computer, disaster recovery, GDPR, internet of things, Palo Alto Networks, risk management, Tech / By

The European Union’s landmark cyber security bill NIS2 is just months away from coming into force. With a compliance deadline of 17 October, the law aims to improve the bloc’s ability to fight rising levels of cyber crime by ensuring all member states follow the same cyber security rules and procedures.  Under this directive, each EU member…

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AI interview: Thomas Dekeyser, researcher and film director

15 minutes of reading / AI, Amazon, Computer, Google, social media, Tech, Technology, Tesla / By

April 1980, Toulouse. As the offices of multinational technology firms Philips Data Systems and CII-Honeywell-Bull sit burning, French authorities frantically search for the culprits of the suspected arson and bombing attacks. While there was some confusion in the immediate wake of the destruction over who was responsible, with militant left wing group Action Directe initially…

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Designed to deceive – reviewing the Post Office scandal inquiry

1 minute of reading / Computer, Tech / By

Thank you for joining! Access your Pro+ Content below. 13 August 2024 Designed to deceive – reviewing the Post Office scandal inquiry Share this item with your network: In this week’s Computer Weekly, we review the marathon latest phase of the Post Office scandal inquiry, as ministers, civil servants, executives and lawyers were shamed. We…

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NIST debuts three quantum-safe encryption algorithms

5 minutes of reading / Accenture, Computer, IPS, quantum computing, Tech, Technology / By

The United States’ National Institute of Standards and Technology (NIST) has debuted three new encryption algorithms that it claims will help safeguard critical data from cyber attacks originating from quantum computers The quantum-safe algorithms are the first fully-realised ‘product’ to emerge from NIST’s eight-year post-quantum cryptography (PQC) standardisation project and are available for immediate use.…

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US lawmakers seek to brand ransomware gangs as terrorists

4 minutes of reading / AI, Computer, Intel, Tech / By

United States lawmakers are mulling a new proposal to designate countries from which cyber criminal ransomware gangs operate as state sponsors of terrorism. The law forms part of the Intelligence Authorisation Act for the 2025 fiscal year, which is being brought forward by Mark Warner, a Democratic senator for Virginia, and chair of the Senate…

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