BoE systemic risk survey highlights cyber threat

The occurrence of a cyber-attack is considered the main risk UK financial firms are currently facing, according to a survey carried out by the Bank of England’s Bank Overground blog.

According to the half yearly systemic risk survey, 74% of respondents cited a cyber-attack when asked what the main sources of risk were.

In H1 2019, 61% of those surveyed named a cyber-attack when asked this question.

The second risk named, with 59% saying so, is geopolitical risk, with pandemic risk not far behind, at 57%.

Other responses of note include operational risk, at 48%, inflation risk, which garnered only 33% of responses, and regulatory or tax risk, at just 14%.

In 2019, the blog noted, UK political risk was the main worry, with 96% of respondents citing this.

Meanwhile, confidence in the stability of the UK’s financial system over the next three years has improved, with 50% of respondents saying they are ‘completely’ or ‘very’ confident, which is a 17 percentage point improvement on H1 2019, and 45% replied in the opposite, which is down 15 percentage points.

“The risk of a cyber-attack became the most cited risk for the first time since the survey started,” says the blog, adding: “There was a steep increase in the percentage of respondents citing operational risk.

“This category includes risks related to climate change, which was cited by the majority of responses in this category.”

Cyber-attack also carries the honour of being the most challenging risk to mitigate, according to 58% of respondents, with pandemic risk and geopolitical risk second and third, at 40% and 32%, respectively.

Follow us on twitter: @risksEmerging

About 86% of all compromised #Google Cloud accounts are used by hackers to mine cryptocurrencies, while other instances are used to install #ransomware or stage #phishing attacks.

Read details: https://thehackernews.com/2021/11/hackers-using-compromised-google-cloud.html

#infosec #cybersecurity #cryptocurrency

I had mentioned free stickers for "How Hacks Happen" earlier in the week and said to DM me for one. But my DMs were disabled! They're open now, so hit me up if you want one. #CyberSecurity #Hacking #podcast #FreeStuffFriday #stickers

Putting the “sec” in DevSecOps: An overall reduction of risk http://dlvr.it/SDNC6X #news #cybersecurity #infosec

New variant fears disrupt start of top U.S. energy conference http://reut.rs/3porX6m

The Omicron variant of the coronavirus has spread to about one-third of U.S. states, but the Delta version still accounts for most COVID-19 infections as cases rise nationwide, health officials said https://reut.rs/333JWrh

Apple #VR, #AR headset rumors: Possible 2022 release date, price and more
http://ow.ly/xVsQ50H2MO6

#Robotics #AIEthics #MachineLearning #AI #Python #DataScience #BigData #DeepLearning #100DaysOfCode #robots #fintech #insurtech #nocode #cybersecurity

Best of Penetration Testing Tools Cheatsheet for OSCP

Credit @GotoStationX

#infosec #cybersecurity #pentesting #oscp #cheatsheet #informationsecurity #hacking #ctf #BlueTeam #itsecurity #cissp #redteam #hackingtools

2
Load More...
SHARE: