English Bankers Fear Cyber Threats

In a survey of senior financial executives in the UK, the threat posed by potential cyber attacks was second only to major global economic downturn among top industry concerns. About 46 percent of finance firms are worried about cyber-risks, which is up from 30 percent earlier this year, and about 10 percent for the latter half of 2014. “Cyber-attack is a serious and growing threat to the resilience of the UK financial system – cyber-attacks have the potential to threaten the vital services that the financial system provides to the real economy,” a Bank of England statement read.