The Traderszone Network

Published in TZ Latest News 17 October, 2016 by The TZ Newswire Staff

PYMNTS Daily Data Dive: U.K. Banks Concealing Cyber Attacks

The extent of cybersecurity attacks on financial institutions is much greater than reports show, especially in the U.K. Data from Britain’s Financial Conduct Authority (FCA) show that U.K. banks conceal many cyberattacks to keep their reputations intact and to avoid punishment. Shlomo Touboul, Chief Executive of Israeli-based cyber security firm Illusive Networks believes that banks are under constant attack.

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