Devastating attacks at M&S, the Co-op and Harrods highlight risks as lenders say cybersecurity is biggest expense
It is every bank boss’s worst nightmare: a panicked phone call informs them a cyber-attack has crippled the IT system, rapidly unleashing chaos across the entire UK financial industry.
As household names in other industries, including Marks & Spencer, grapple with the fallout from such hacks, banking executives will be acutely aware that, for them, the stakes are even higher.
Devastating attacks at M&S, the Co-op and Harrods highlight risks as lenders say cybersecurity is biggest expenseIt is every bank boss’s worst nightmare: a panicked phone call informs them a cyber-attack has crippled the IT system, rapidly unleashing chaos across the entire UK financial industry.As household names in other industries, including Marks & Spencer, grapple with the fallout from such hacks, banking executives will be acutely aware that, for them, the stakes are even higher. Continue reading… Banking, Business, Cybercrime, Hacking, Internet, Technology sector, Technology, UK news Business | The Guardian
