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Matt Allen, director of financial crime at the London-based British Bankers' Association, said that the association is witnessing "a trend towards cyber criminals targeting banking customers," reports Business Reporter.
"Many risks to our members emanate from threat actors operating outside the United Kingdom," said Mr. Allen.
A previous study by PricewaterhouseCoopers L.L.P. and the BBA had said that cyber threats are developing rapidly with the evolution of new technologies and the changing geo-political landscape.