British banks keep cyber attacks under wraps to protect image



Britain's banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say.
Reported attacks on financial institutions in Britain have risen from just 5 in 2014 to 75 so far this year, data from Britain's Financial Conduct Authority (FCA) show.
However, bankers and experts in cyber-security say many more attacks are taking place. In fact, banks are under almost constant attack, Shlomo Touboul, Chief Executive of Israeli-based cyber security firm Illusive Networks said.
Touboul cites the... read more

 
14 October 2016 in Science &Technology, Views: 61
Source: Reuters
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