Have two current accounts in case major bank is crippled by cyber-attack, former senior adviser to the Bank of England says…”Peter Hahn says cyber attacks are a new and growing risk”
Academic says having two current accounts is a wise move
Peter Hahn says cyber attacks are a new and growing risk
Comes as BofE survey showed half of financial firms now worried by cyber attack risk
By LEE BOYCE
DailyMail.com
3 December 2015
All Britons should have two current accounts in case a major bank falls victim to a cyber attack, according to a leading banking academic.
Peter Hahn, senior fellow in banking at London’s Cass Business School and for five years until 2014 a senior adviser to the Bank of England, said cyber attacks are a new and growing risk.
His warning comes after a Bank of England survey earlier in the week showed half of major financial firms now believe cyber risk is a key concern, up from just 10 per cent a year earlier.
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