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.
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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. Continue reading…Technology | The Guardian