Banks: Hacking

(asked on 22nd May 2019) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what assessment they have made of the advice of the government of Sweden to its citizens to keep cash on hand against the possibility of a hacking attack on the banking system; and whether they are considering giving similar advice to UK citizens.


Answered by
Lord Young of Cookham Portrait
Lord Young of Cookham
This question was answered on 6th June 2019

The Government has not provided similar advice to UK citizens. HM Treasury works closely with the other Financial Authorities, Intelligence Agencies and Law Enforcement to ensure that the system is robust to a wide range of operational risks, including cyber. The Financial Authorities have well-established mechanisms to respond to operational disruption were it to occur.

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