Bank of England faces advanced, evolving cyber threats

In response to a Freedom of Information request, the Bank of England revealed that it frequently faces "advanced, persistent and evolving cyber threats" as hackers look for vulnerabilities in the its computer systems, reports Bloomberg.

"The likelihood of an attack is high and the impact of a significant breach is substantial," the bank said.

A successful hack "could have substantial, adverse economic repercussions for the bank, the U.K. financial system and economy and critical global financial infrastructure," added the bank.

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