Virus weakens banks’ defences against internal fraud

Stressed markets and remote working leave firms vulnerable to op risks and cyber attacks

House-sharing is common in major cities around the world. Trapped at home because of the coronavirus pandemic, housemates are jostling for space and privacy. For those in the financial industry, their home office set-up is not merely a source of domestic tension. It’s an operational risk for their employer.

“There’s a flat in London shared by four 25-year-olds. Three of them are traders for big banks, trading broadly the same instruments in the same room,” says Paul Ford, chief executive