UK banks told to show their backup plans for tech shutdowns

Earlier today news broke that British banks and other financial services will have 3 months to explain how they can avoid damaging IT breakdowns and respond to the growing threat of cyberattacks.

http://brn.firetrench.com

Commenting on this, Leo Taddeo, Chief Information Security Officer, Cyxtera, and former FBI special agent, said:

“There are good reasons to worry about a nation-state or “hacktivist” cyberattack on the financial sector. In 2012, U.S. banks suffered a series of significant dedicated denial of service (DDoS) attacks by Iranian state actors. While it’s important to build resilience, enterprises also need to stay ahead of the threat by continuously monitoring all available sources, including social media and dark web sites.”