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The bank Bank of England, together with the Financial Conduct Authority and the Prudential Regulation Authority, has cautioned U.K. banks to prepare for cyber attacks and technical failures.
The warning came in a discussion paper (pdf) that urges U.K. banks to assume such incidents will occur and ensure systems can handle such disruptions. The advice comes a month after Visa suffered a hardware failure that affected payment processing across Europe for several hours on a Friday.
Separate issues at TSB
Read full article » http://www.paymentssource.com/news/bank-of-england-to-uk-banks-your-tech-needs-a-plan-b
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