Cyber attacks the big fear
WORRIES over hacking and other cyber attacks have pushed aside the eurozone crisis as the top risk for Britain’s banks, a senior Bank of England official said.
Andrew Haldane met with five of Britain’s top banks six months ago and four told him that a cyber attack was their biggest threat. It was surprising the fifth bank did not have this risk on their list but it does now, Haldane told parliament’s Treasury Select Committee. “You can see why the financial sector would be a particularly good target for someone wanting to wreak havoc through the cyber route.”