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Cyberattack believe to have greatest impact on UK’s financial system

Posted On: Oct. 14, 2022 9:30 AM CST

A recent survey by the Bank of England found that 74% of U.K. financial sector companies think that a cyberattack will have the greatest impact on their business, Reinsurance News reported. Geopolitical and inflation risks were the other most cited risks to the U.K.’s financial system followed by political risk in the U.K., pandemic and climate change.