http://www.computerworlduk.com/news/security/3452438/bank-of-england-ranks-cyber-attacks-above-eurozone-crisis-as-biggest-threat/
By Matthew Finnegan
Computerworld UK
13 June 2013
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.
“Four of the five identified cyber risk as having risen to the top of their
list, which I thought was very interesting,” Haldane said. “What was just as
interesting was that the fifth firm didn’t have it on their list.”
[...]
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