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Commonwealth Bank of Australia has admitted it is culling the number of technology partners it works with as part of a cost cutting drive that has some industry observers concerned it is stepping back from its previous leadership position on cyber security.

CBA has been the subject of ongoing rumours in IT circles that it is taking the knife to its celebrated technology operations, and chief information officer David Whiteing confirmed to The Australian Financial Review that changes were under way, including some cyber security work going offshore.

However, Mr Whiteing rejected suggestions that any of the changes would compromise the quality of work or the bank's resilience, and insisted that the bank had not retreated from the national cyber security arena since the departure through ill health of its well respected chief information security officer, Ben Heyes, last year.

"The reality is this is a very competitive space and we have a global perspective around talent," Mr Whiteing said.

 Full Story

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