Bank of England Joins Forces With the Fintech Industry to Foster Cyber Resilience

The Bank of England is partnering with fintech firms to work on ways to use new systems to combat fraud, The Telegraphs reveals, as officials are working on new approaches to warn finance firms about cyberattacks in real time.

Claire Sunderland Hay, head of the Bank’s Fintech Accelerator, told the Telegraph’s Future of Fintech conference earlier today:

We have worked with a firm to see whether bulk public data could enable us to help [finance firms] on cyber resilience.

The revelation comes after Tesco Bank accounts were hacked earlier this month.

Find out more here.

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