The Financial Policy Committee (FPC) is to devise a way of toughening up bank’s cyber defences in the next six months. According to point 13 of the FPC meeting held on 18th September, a report from the Treasury, government agencies and Financial Conduct recommended a programme of work to assess, test and improve the financial system’s resilience to cyber attacks. The minutes claimed that the “the threat had many dimensions and was growing”, and combined with...
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