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Comments from Fujitsu - Bank of England to test security resilience

November 2015 by Fujitsu

Following the news that the Bank of England is stepping up its efforts to combat the threat of cyber-attacks with a government led exercise to test the response to a security breach, please see below comments from Rob Norris, Director Enterprise & Cyber Security, UK & Ireland, Fujitsu:

“With the sophistication of cyber-attacks and the number of threats increasing, it has never been more important for cyber security to be a top priority for financial services organisations – so the news of a government-led exercise to test The Bank of England’s response to a security breach, is welcome.

“According to our Digital Insight Out research, more than 1 in 5 of us will always use a digital service when offered by an organisation. This has resulted in the financial services sector not only operating with legacy systems that in some cases have been in existence for many years, but it is also a sector where innovation across new banking channels – such as online and mobile - is creating complex multi-channel IT infrastructures.

“CIOs in the banking industry are facing an unenviable challenge – securing multi-channel environments while ensuring customer experience does not suffer. What is paramount is that the industry does not overlook or get complacent about security or place it in the “too big to fix” category. As the number of threats continue to increase exponentially – can the industry afford for it not to be the number one priority?”

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