The financial services industry may have better cyber defences than most but they can still be breached, as demonstrated by numerous high-profile cases.
These include Travelex, the UK foreign currency dealer, which was infected with ransomware on New Year’s Eve 2019, and forced to take its systems offline for weeks to prevent it spreading; and UniCredit, Italy’s largest lender, which had a file containing details of three million customers illegally copied in October that year.
