Cyber attacks have risen to the top of the list of threats for UK banks according to Bank of England’s director of financial stability, Andrew Haldane, but understanding and management of the risk is still at an “early stage”.
Speaking at a Treasury select committee on Wednesday, Haldane said that during recent meetings with the five top banks in the UK, four of the banks had claimed that the threat of cyber attack now present a major threat to their stability – more so than even the eurozone crisis.
However Haldane said that despite the awareness among leading banks, there was still a way to go in terms of fully understanding the risk presented.
SOURCE: computerworlduk.com
Most Commented Posts
2020 Cybersecurity Landscape: 100+ Experts’ Predictions
Cyber Security Predictions 2021: Experts’ Responses
Experts’ Responses: Cyber Security Predictions 2023
Celebrating Data Privacy Day – 28th January 2023
Data Privacy Protection Day (Thursday 28th) – Experts Comments
Most Active Commenters
Recent Comments
Chat systems such as Slack and Teams need to be…
“This is a sophisticated phishing scam that will catch out…
“Cybersecurity is increasingly complex, in part, due to the interconnected…
“Unfortunately, time and time again we see NGOs, hospitals and…
As I have always said - it is verified trust…