MORE ACTION NEEDED: Worried by the increasing rate of attacks on banks by Internet hacks, the BoE surveyed 36 financial firms and banks in Britain and found no immediate critical shortcomings in their defences but did list some areas that need improvement.
LONDON: Britain's banks must do more to protect themselves and the wider financial system from growing and evolving cybercrime, the Bank of England said.
Worried by the increasing rate of attacks on banks by Internet hacks, the BoE surveyed 36 financial firms and banks in Britain and found no immediate critical shortcomings in their defences.
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