BoE’s Gracie describes unique dangers of cyber attack
Firms should prepare for attack by fraudsters or unscrupulous states
Firms should strengthen their defences against cyber attack, which could come from unexpected quarters and cause unusual forms of damage, the Bank of England's (BoE) executive director for resolution, Andrew Gracie, said in a speech published today (July 30).
In a remarks delivered to the UK Financial Services Cyber Security Summit earlier in July, Gracie highlighted the unique risks posed by cyber attacks. First, while attacks tend to be economically motivated, they could also be state
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