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

The Canary Wharf financial district is seen above a residential rooftop in London, Britain, May 7, 2019. REUTERS/Hannah McKay

LONDON (Reuters) – 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. Banks have focused mainly on stopping service outages, but the falsification of transaction records […]

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