Technology

Insight / DWP takes over pension dashboard project from Treasury

Development on the pension dashboard will continue with the Department for Work and Pensions (DWP) announcing that it has taken over the responsibility from the Treasury after economic secretary Simon Kirby, who was involved in the project, lost his seat in the June election

Insight / UK organisations lagging on cyber security preparations

Despite some well publicised and damaging cyber security incidents recently, nearly one in five UK organisations do not prepare for cyber attacks and only half conduct penetration tests to examine their defences, according to research by PwC

Tax / One in five accountants still using paper ledgers

Nearly 80% of accountants still rely on spreadsheets and one in five (18%) still use paper ledgers despite 60% saying that the finance and accounting profession is at a technological tipping point, according to research from software provider Xero

Insight / Bitcoin platform launch opens up cryptocurrency options

A platform launched in London this week is to allow companies to conduct business in Bitcoin and other cryptocurrencies, cutting out traditional banks just days after JP Morgan Chase CEO Jamie Dimon described Bitcoin as a ‘fraud’

Insight / Fundraising regulator to tighten up data protection rules

The Fundraising Regulator is to consult on strengthening the sections on data protection with its code of fundraising practice, in light of the upcoming General Data Protection Regulation (GDPR) legislation, which comes into effect next year, and recent concerns about how charities use data on donors

Insight / KPMG and Exiger sign partnership to use AI-based technology to manage risk

Global regulatory and financial risk specialist Exiger has announced a partnership with KPMG to integrate its artificial intelligence platform DDIQ into the Big Four firm’s compliance solutions for its global corporate and financial institution clients

Insight / SEC charges businessman and two companies over fraudulent ICOs

Businessman Maksim Zavslavskiy and two companies he founded have been charged by the US Securities and Exchange Commission (SEC) over allegedly defrauding investors in a pair of so-called initial coin offerings (ICOs) purportedly backed by investments in real estate and diamonds

Insight / KPMG advises in launch of blockchain payroll company

KPMG is advising a blockchain-based payroll provider as it gears up for an initial coin offering (ICO) on 18 October 2017

Insight / Deloitte hit by cyber security incident

Deloitte has confirmed it was the victim of a cyber attack which saw hackers gain access to the Big Four firm’s email system over a lengthy period of time, with the ability to view sensitive client data

Audit / NAO publishes cyber security risk guidance for audit committees

The National Audit Office (NAO) has published cyber security and information risk guidance for audit committees, after identifying a high incidence of access-control weaknesses and other issues in the course of preparing its reports

Insight / Why digital transformation rarely happens overnight

Alessandro Evangelisti, ‎finance & supply chain cloud evangelist at Oracle, outlines why companies should go digital at their own pace, explaining how they must first focus on the most pressing issues and then further digitize as they add new products and services

Insight / Burger King launches own cryptocurrency in Russia

Fast food giant Burger King has launched its own cryptocurrency, the WhopperCoin, in Russia

Insight / FRC refreshes website and stated aim

The Financial Reporting Council (FRC) has launched a new website, which the regulator says offers a fresh design and more accessible functionality for stakeholders, and has refreshed its 'mission' in line with its work in the public interest to promote transparency and integrity in business

Insight / Charity Commission online services restored after server issues

The Charity Commission his restored its services after server problems caused its site to crash on Friday, 25 August 2017

Insight / UK to ‘align’ data protection laws with EU post-Brexit

British data protection laws will be closely aligned with the EU’s post-Brexit allowing personal data to continue to move back and forth while adhering to the General Data Protection Regulation (GDPR), which comes into force from May 2018
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