Cyber-attack threat keeps me awake at night, bank boss says

Cyber-attack threat keeps me awake at night, bank boss says 5 hours ago Share Save Graham Fraser & Kevin Peachey Technology reporter & Cost of living correspondent Share Save Getty Images Ian Stuart said the HSBC banking group is spending hundreds of millions of pounds on its IT systems The boss of one of the UK's biggest banks has said the threat of cyber-attacks "keeps me awake at night". Ian Stuart, the CEO of HSBC UK, said cyber-security was "top of the agenda" for his banking group, and dealing with IT vulnerabilities was an "enormous" expense for the sector as a whole. He said: "It does worry me - we can be attacked and we are being attacked all the time." Mr Stuart and other bank bosses have been speaking to the Commons Treasury Committee which has been taking evidence on a range of issues affecting the industry, including how vulnerable it is to outages and cyber-attacks. In March, it emerged nine major banks and building societies operating in the UK accumulated at least 8 ... Read full article.