Cyberattacks are the largest danger to the UK monetary system, in keeping with new analysis from the Financial institution of England.
Nonetheless, monetary establishments stay assured of their means to fend off assaults, and consider they’re extra prone to endure from the influence of rising inflation.
The Financial institution’s H2 systemic danger survey polled 65 executives within the UK monetary sector, and reveals that 74% of respondents deemed a cyberattack to be the very best danger to the monetary sector in each the quick and long run, adopted intently by inflation or a geo-political incident.
The variety of respondents who consider their firm is at excessive danger of assault grew quickly this 12 months, from 31% within the first half of the 12 months to 62% within the second. These contemplating the risk to be low has decreased by 20%, to only 3%. What’s extra, 83% consider that cyber danger within the monetary sector has elevated previously 12 months.
Full article at TechMonitor: https://techmonitor.ai/
