Citadel programmer arrested over alleged algo code theft
A programmer at hedge fund Citadel has been arrested over the alleged theft of key algorithmic trading software code from the company.
Stories by Leo King
UBS: Our risk systems did detect £1.3bn rogue trader
UBS has insisted its IT systems did detect unusual and unauthorised trading activity, before rogue trader Kweku Adoboli ran up a $2 billion (£1.3 billion) loss on the bank's derivatives desk.
IDC: Mobile device chaos creating heightened security demand
The proliferation of mobile devices is competitively important for businesses but is creating "chaos" for security professionals, IDC has warned.
Wikileaks former spokesman ‘destroyed secret BoA data’
Private Bank of America (BoA) files obtained by Wikileaks may have been deleted by a former spokesman of the whistleblower website, it has emerged.
Riot investigations: Police trial facial recognition on suspects
UK police forces are reportedly trialling facial recognition systems in a bid to catch rioters, as the authorities step up their use of technology in their investigations into the trouble last week.
Former government CIO John Suffolk joins Huawei
John Suffolk, the government's former chief information officer, has been appointed global security officer at telecoms firm Huawei.
News International Trojan horse computer hacking allegations emerge
The Metropolitan Police has expanded a hacking probe at Rupert Murdoch's News International, publisher of the now defunct News of the World newspaper, to include fresh allegations of email and computer hacking by journalists.
Nine hundred police staff ‘abused access’ to confidential databases
Over 900 police staff have abused access to confidential databases over a four year period, according to data found through Freedom of Information requests.
Tesco Bank in chaos as customer login choked offline for third day
Some Tesco Bank customers have been unable to see their accounts for a third day, prompting <a href="http://www.computerworlduk.com/news/it-business/3287241/tesco-bank-system-update-blocks-customer-access/">scores of angry comments online</a>.
IT security regulations ‘totally out of date’
The legal framework in which businesses operate their IT and data security is "totally outdated" and dates "from the 20th Century, while attempting to tackle problems in the 21st", according to a panel of experts.
Visa beefs up fraud detection technology
Visa is targeting better fraud detection, through investments in modelling software.
Official report: BP oil spill IT systems lacked key alarms
BP's monitoring IT systems on the failed Deepwater Horizon oil rig relied too heavily on engineers following complex data for long periods of time, instead of providing automatic warning alerts.
Cyberattacks now a top threat to UK security, says secretary
Britain's national security faces a serious threat from cyber attacks, according to home secretary Theresa May.
Specialist London police squad to tackle business data theft
A specialist police squad is being established to help businesses in the City of London tackle data theft.
'Crimeware as a service' the next big thing
'Crimeware as a service', where criminals use online cybercrime services instead of running their own servers and software, is the latest development in internet crime, according to a report.