FILE PHOTO: A man walks past the Bank of England in the City of London, Britain, February 7, 2019. REUTERS/Hannah McKay/File Photo
LONDON: Britain may need to copy the United States in building a "super shield" against catastrophic cyberattacks or major IT glitches that could cripple the finance industry, a senior Bank of England official said on May 14.
The BoE is already taking action to ensure that banks, insurers and other financial firms can minimise the impact of cyberattacks or technology outages on customers and recover as soon as possible.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
