HSBC recruits MI5 chief to battle cyber criminal

HSBC has hired the former director general of MI5 to help beef up its protection against cyber criminals.

Sir Jonathan Evans joins the bank’s board as a non-executive director and will also be part of its financial system vulnerabilities committee.

The 55-year-old’s appointment comes six months after HSBC was fined close to $2 billion (£1.3bn) by US authorities amid allegations of money laundering and breaches of sanctions relating to operations in Mexico.

SOURCE: heraldscotland.com