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
Data Privacy Protection Day (Thursday 28th) – Experts Comments
Experts Insight On US Pipeline Shut After Cyberattack
Most Active Commenters
Recent Comments
“Cybersecurity Awareness Month’s new evergreen theme "Secure Our World” is…
“Avoid storing data on personal devices: A crucial but often overlooked…
“I recommend a new nuance to passwords that isn’t often…
“In my role overseeing cloud environments and incident response, I'm…
“Cybersecurity Awareness Month serves as a reminder to confront the…