British banks are on high alert as Russian cyber threats grow.If a hacker takes down her website at his one bank, the customer can still access their account through another bank
The UK’s largest bank has beefed up its defenses against Russian cyberattacks.
The plan implies close cooperation between lenders so that even if a hacker takes down one bank’s website, its customers will still be able to access their online accounts through another bank. This includes using open banking technology that allows banks to share certain agreed-upon details of their customers.
A top technology source at a high street bank said in an email on Sunday that Russia threatens to retaliate against Western sanctions with cyberattacks on banks and infrastructure.
Concerns: A top technology source at a high-street bank said there was concern that Russia would retaliate against Western sanctions with cyberattacks on banks and infrastructure.
Sources say there is still no evidence of a large-scale state-sponsored attack.
“But lately there’s been more rhetoric coming out of Russia about nuclear warfare and cyberattacks,” the source added. It doesn’t mean you don’t.
Another cybersecurity expert said that when the war first broke out, lenders turned to the regulator, Financial Conduct Surveillance, to monitor evidence of malicious online attempts to undermine the banking industry. I was calling the agency every day.
Those meetings became less frequent. The source added that there is a high degree of information sharing between the UK lender and its international competitors.
“Russia has a very strong cyberattack capability, so we are tracking what they are doing. Nothing has been confirmed outside of Ukraine at this time,” the expert added. .
“But tracking what Russians are doing to Ukrainians can give us insight into what we can expect.”
Earlier this year, Ukraine accused Russia of carrying out cyberattacks on two banks. Analysts at S&P Global said there had been no major attacks against European banks so far, but that “smaller and more malicious hacks” were on the rise. These may or may not be related to the Kremlin.
Earlier this month, the U.S. Treasury Department announced that it had defeated a cyber attack by pro-Russian hackers.
https://www.dailymail.co.uk/money/markets/article-11420197/UK-banks-high-alert-Russian-cyber-threat-rises.html?ns_mchannel=rss&ns_campaign=1490&ito=1490 UK banks on high alert as Russian cyber threat rises