British banks NOT reporting full extent of cyber attacks for fear of bad publicity

British banks NOT reporting full extent of cyber attacks for fear of bad publicity
 

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 example of one large global financial institution he works with which experiences more than two billion such "events" a month, ranging from an employee receiving a... read more

 
14 October 2016 in Business, Views: 48
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