Core financial services 'under threat from cyber attack'

The Financial Policy Committee (FPC) said firms needed to ensure cyber risk was seen as a “strategic priority” in the boardroom – rather than a “narrow technology issue”.
The Bank of England has warned of the “serious and growing threat” to stability posed by a cyber attack at the heart of the UK financial system, as essential firms race to protect themselves.
Hackers could potentially disrupt services “vital” to financial institutions, which are being urged to build their resilience to attacks and develop strategies to recover in the event of a breach.
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