UK Banks Under-reporting Cyber Incidents | Homeland Security Degrees
UK Banks Under-reporting Cyber Incidents | Homeland Security Degreeshttps://homelandsecurityedus.wordpress.com/2016/10/17/uk-banks-under-reporting-cyber-incidents/
UK Banks Under-reporting Cyber Incidents
British banks are failing to report the full extent of cyber-attacks on their infrastructure for fear of punishment and bad publicity according to a new report.
Cyber security experts and banking executives told Reuters that the banks are taking advantage of a grey area in reporting with current structures not set up to strictly mandate notification of every incident.
In fact the Financial Conduct Authority (FCA) to which lenders must report any incident which could have a material impact claimed l
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UK Banks Under-reporting Cyber Incidents