Bank of England recruits fintech firms to ramp up cybersecurity drive

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Image Source: Article

The Bank of England is working on new ways to warn banks and other finance firms about cyberattacks in real time, so the City of London can put its defences on full alert against online fraudsters and saboteurs, the central bank's top fintech executive has revealed.

Officials are getting financial technology (fintech) firms into Threadneedle Street to work on ways to use new systems to combat fraud.

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