Bank of England probes insurers’ cyber defences

August 19, 2015

Britain’s insurance firms are under pressure to improve their defences against cyber attacks, as the Bank of England conducts a survey to check up on progress in the sector.

It comes after Bank governor Mark Carney highlighted cyber attacks as a key risk to the financial sector, calling for the resilience of firms to be “regularly assessed” to cope with the “adaptive nature of the threat”.

And last month defence chiefs from both sides of the Atlantic warned the City of London that attacks from aggressive nations like Russia were an increasing threat.



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