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British banks fail to report hacks in order to protect their image

(Reuters) – Britain’s banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity, bank executives and providers of security systems say. Reported attacks on financial institutions in Britain have risen from just 5 in 2014 to 75 so far this year, data from Britain’s Financial Conduct […]
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Britain's banks are not reporting the full extent of cyber attacks to regulators for fear of punishment or bad publicity. ||| London - Britain's banks are not reporting the full extent of cyber attacks to regulators for fear of puni...

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