Financial Conduct Authority concerned about cyber security of banks

The FCA expresses concern about the cyber security of banks after 9,000 Tesco Bank customers lost £2.5m in fraudulent transactions 

The UK’s Financial Conduct Authority (FCA) has said it is concerned about weaknesses in banks’ IT systems, after cyber attackers drained £2.5m from 9,000 Tesco Bank current accounts at the weekend.

The bank halted online banking after discovering suspicious activity relating to 40,000 current accounts and initially feared that around 20,000 had been affected by fraudulent transactions. For the full article click here 

from cyber security caucus http://cybersecuritycaucus.com/financial-conduct-authority-concerned-about-cyber-security-of-banks/
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