Top Bankers Need to Take Cyber Threat Seriously: BoE

financial policymakers at the Bank of England say, top British bankers and other senior executives in the financial services industry are not taking the risk of cyber attacks seriously enough. According to the Center for Strategic and International Studies, Cyber crime costs the global economy $445 billion a year and the bill is rising. Banks are particularly vulnerable, despite spending hundreds of millions of dollars a year on cyber defenses. Increasingly sophisticated criminals are trying to steal money or client data, cause havoc in financial markets or score political points. http://news.yahoo.com/top-bankers-cyber-threat-seriously-boe-123018981--business.html http://www.wochit.com