How to Manage Third Party Risk in the Financial Services Sector

2025-07-11T10:44:59+01:00July 22nd, 2025|Company News, Financial Services, Tips and Advice|

Maintaining relationships with other businesses is essential in modern business. From vendors and suppliers to contractors and partners, businesses must maintain strong relationships with a wide variety of companies in order to stay efficient and competitive. However, interaction with external entities has a number of risk factors, too, including cybersecurity vulnerabilities, financial instability, operational [...]

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What is Authorised Push Payment (APP) Fraud?

2025-07-11T10:31:45+01:00July 18th, 2025|Company News, Financial Services, Tips and Advice|

Fraudsters tricking others out of their money is nothing new. In fact, it’s been happening for thousands of years, with the first recorded instance of insurance fraud occurring in Greece in 300 BC. However, what is new is the level of sophistication fraudsters have been operating with since the rise of the internet and [...]

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How your IT team can be tricked into letting cyber criminals access to your IT systems

2025-06-02T17:24:41+01:00June 2nd, 2025|Accountants, Cyber Security, Financial Services, Law, Tips and Advice|

In recent months, cyber-attacks on high profile retail businesses including Marks & Spencer (M&S) and the Co-op have made the news headlines. This has affected many customers of these businesses, not just in terms of product availability, but also by having their personal data sold to criminals on the dark web.  Of even greater [...]

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The risk of ignoring technology investment in uncertain economic times

2025-05-09T17:47:53+01:00May 9th, 2025|Accountants, AI, Financial Services, Law|

We currently live in a more unstable and unpredictable world which is putting pressure on all businesses. Whether it is the global macroeconomic impact of Trump’s trade policies, the impact of wars raging on several continents or the increase in national insurance (effectively an employment tax) we have seen in the UK, businesses are [...]

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Highlights from our live cyber incident simulation workshop

2025-04-10T11:48:47+01:00April 3rd, 2025|Accountants, Cyber Security, Financial Services, Law|

Pro Drive IT recently ran a roundtable exercise titled “How to avoid cyber annihilation of your firm”, which as the name suggest was designed to educate the attendees on the cyber security risks to their business and to give them some practical advice and tips on how to respond if (when!) an incident occurs [...]

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Why the Financial Industry is Rejecting AI

2024-10-11T14:11:24+01:00October 11th, 2024|AI, Financial Services|

In the modern age, AI is revolutionising the way we live our daily lives. From our digital assistants like Siri and Alexa to the autocorrect function on our text messages and emails, AI is becoming further and further incorporated into normality with every passing day. But despite AI’s increasing prevalence in society, the financial [...]

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Data Breaches in Banking — Everything You Need To Know

2024-12-10T21:37:15+00:00October 11th, 2024|Cyber Security, Financial Services, GDPR, Security and Threats|

Banks manage an enormous amount of highly sensitive personal data, making the ongoing sophistication and ever-increasing frequency of cyberattacks a serious consideration for the banking industry. Banks are also an especially attractive target for cyber criminals since they have an enormous amount of funds, enabling them to satisfy extortionate ransom demands. It is therefore [...]

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Microsoft 365 Copilot – major ‘Wave 2’ update announced

2024-09-18T16:05:16+01:00September 18th, 2024|Accountants, AI, Financial Services, Law, Productivity|

Microsoft 365 Copilot, released early in 2024, is already transforming the way businesses are using the Microsoft 365 apps, vastly increasing productivity and collaboration and bringing new skills to the workforce. The biggest impact so far has been in Microsoft Teams and in Teams meetings. Copilot has completely changed the way meetings are run, [...]

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How losing your mobile phone could turn out to be a terrible nightmare

2024-08-14T17:26:07+01:00August 14th, 2024|Accountants, Financial Services, Law, Remote Working, Security and Threats, Tips and Advice|

Imagine this… You wake up in the morning and your mobile phone is dead. It died during the night. Hardware can fail at any time and these amazing devices take a daily battering in pockets / bags / coats. Perhaps you woke up late because your alarm didn’t go off? If, like me, you [...]

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Cyber Security – How It’s Changed and How To Futureproof Your Business

2024-07-29T11:09:36+01:00July 29th, 2024|Accountants, AI, Cyber Essentials, Cyber Security, Financial Services, Law, Tips and Advice|

The stability and security of IT systems may be something brought to your attention recently on a global scale; July 2024’s IT outage saw transport, healthcare, banks, and media outlets affected by an issue that originated with Crowdstrike, a cybersecurity company based in America. Whilst this particular problem wasn’t caused by a security breach, [...]

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