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State cyber-attack poses big danger for UK banks: Bank of England

State cyber-attack poses big danger for UK banks: Bank of England

A state-backed cyber-attack could secretly corrupt the records of British financial institutions over a period of months, posing a risk that banks would probably struggle to guard against on their own, a senior Bank of England policymaker said.

  • Shared by KYC360
  • June 19, 2019
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Banks have focused mainly on stopping service outages, but the falsification of transaction records and other data was an even bigger danger, Anil Kashyap told lawmakers on Tuesday.

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