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Glasswall CEO Greg Sim speaks with industry experts to the FT after seven UK banks targeted by co-ordinated cyber-attack.

Glasswall CEO Greg Sim speaks with industry experts to the FT after seven UK banks targeted by co-ordinated cyber-attack.

Glasswall CEO Greg Sim speaks with industry experts to the FT after seven UK banks targeted by co-ordinated cyber-attack.

Seven of the UK’s biggest banks were forced to reduce operations or shut down entire systems following a cyber-attack last year using software which can be rented for as little as £11, according to the National Crime Agency. The threat has now been removed, Greg Sim comments “as the IT departments of these banks see one threat taken away, it makes you wonder how long it will be until they’re up against another crippling cyber-attack, rendering their systems useless.”

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