British Finance Firms Urged to Join Against Cybercrime

The KPMG and industry body UK Finance called Britain’s financial firms to come together in the fight against cybercrime in a report last Monday. The report stressed the importance of taking a revamped approach instead of just spending more.

David Ferbrache, technical director and head of cyber and space at KPMG, urged the firms to work with governments and law enforcement to pass the cost onto cybercriminals by rendering their markets, tools, and systems ineffective.

While some groups, such as the Cyber Defence Alliance, already have a group effort including some of the world’s biggest banks, Ferbrache says that the initiatives need to be linked up.

 

Source: Reuters