UK Finance Firms Urged to Work Together to Fight Cyber Crime

UK Finance Firms Urged to Work Together to Fight Cyber Crime
Cyber code on a hooded man on May 13, 2017. Reuters/Kacper Pempel/Illustration
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LONDON—Britain’s financial firms need to pull together to fight cyber crime, working with government and law enforcement to attack criminals’ infrastructure and put them out of business, a report by KPMG and industry body UK Finance said on Monday.

The report argues the growing threat cyber crime poses to the financial sector cannot be countered just by spending more money, and that a revamped approach is needed.