Financial Services Financial Services

Banks must improve defenses against growing cyber threats, Basel Committee says

Banks must improve their resilience to cyberattacks and other incidents as these threats continue to grow, the Basel Committee on Banking Supervision has said.

The international standard-setter warned today that the banking sector faces an increased threat from cyberattacks including ransomware incidents, which could risk the safety and soundness of bank

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Fiona Maxwell

Senior Correspondent

Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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