Banks to face simulated hacking attacks

More than 20 major banks are to face simulated hacking attacks to test the resilience of their computer systems.

Andrew Gracie, the director of The Bank of England’s UK's special resolution unit will oversee simulated hacking attacks, the Financial Times reported.

The Royal Bank of Scotland and the London Stock Exchange are among those likely to be involved in the tests.

BoE has conducted a pilot of the scheme which will involve cyber specialists from companies approved to do penetration testing.