UK Warns Banks of Cyber-Attack Risks

Business Secretary Vince Cable has expressed his concern regarding the vulnerability of Britain's essential services to cyber-attacks.

Vine Cable told a summit - attended by regulators and intelligence officers - that more needed to be done to protect IT systems from attacks by criminals and terrorists, and said there was a growing threat of disruption to everyday life.

According to Vince Cable, banks, gas disruption, rail signalling and mobile networks were particularly vulnerable.

Mr Cable said: "It is particularly important that those industries providing essential services such as power, telecommunications and banking are adequately protected to avoid disruption to our everyday lives.

"It is essential for financial stability that the UK financial system and its infrastructure continue to work towards improving its ability to withstand cyber-attacks.

"Today's event marks the next step in highlighting the important role of the regulators in overseeing the adoption of robust cyber security measures by the companies that supply these crucial services."

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