Central Banking

Bank of England says BBA could co-ordinate response to banking cyber attacks

Bank of England artwork

The Bank of England has mooted the establishment of a private sector body, possibly under the aegis of the British Bankers Association (BBA), to co-ordinate communications between UK financial institutions in the event of a widespread cyber-attack against the country's banking sector, in a report summarising the findings of a simulated cyber-attack carried out in November.

The report, out today, says: "Whilst there was some communication between the participating firms… it was identified that th

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