UK finance firms urged to work together to fight cyber crime: report


Silhouettes of laptop users are seen next to a screen projection of binary code are seen in this picture illustration taken March 28, 2018. REUTERS/Dado Ruvic/Illustration

Britain's financial firms need to pull together to fight cyber crime, working with government and law enforcement to attack criminals' infrastructure and put them out of business, a report by KPMG and industry body UK Finance said.

The report argues the growing threat cyber crime poses to the financial sector cannot be countered just by spending more money, and that a revamped approach is needed.

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