Cybersecurity
U.K. Banks Put on War Footing by BOE as Cyber Threat Increases
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The Bank of England told banks to be ready for war against the mounting threat of crippling cyber attacks.
“I would like our firms to be on a WAR footing: withstand; absorb; recover,” Lyndon Nelson, deputy chief executive of the BOE’s Prudential Regulation Authority, said in a speech on Wednesday.