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International

Financial institutions may be failing to detect cyber attacks: Bank of England

July 02, 2015 Reprints

The Bank of England has said in a report that financial institutions may be failing to identify cyber attacks as they are not spending enough to spot hackers, reported Bloomberg.

The bank said that financial stability is at risk due to increasing cyber attacks. A breach at a big bank could cascade through the financial sector, said the central bank, Bloomberg reports.

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Financial institutions may be failing to detect cyber attacks: Bank of England

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