BoE warns over risk of system-wide cyber attack
Senior policy official Carolyn Wilkins also expresses concern over global fragmentation of bank regulation
A senior Bank of England policymaker has identified a cyber attack with system-wide consequences as a category of risk that “keeps me up at night”. Responding to a question at an event on geopolitical risk organised by Fitch Ratings on January 23, Financial Policy Committee member Carolyn Wilkins said a cyber attack affecting multiple institutions “feels like the kind of event we have seen”, even if such an attack has not had a systemic impact so far.
“There have been particular events that were
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