I would like to think that the Banks are spending some of their 'hard earned' cash (of mine) on protecting their 'crown jewels' by having an agreement in place with the likes of Prolexic, Akamai etc to negate DDoS and 'defence in depth' for APTs/hacks.
Eurogeddon? Pah. UK banks are more terrified of hackers - big banker
Hacking attacks present a bigger risk to the operation of UK banks than problems caused by the ongoing eurozone crisis, according to a senior Bank of England director. Andrew Haldane, the BoE's director of financial stability, told parliament's Treasury Select Committee that representatives of Britain's top banks are telling …
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Thursday 13th June 2013 15:52 GMT Anonymous Coward
Banks are cheap dates....
None I've ever banked with and that's in several countries, have ever offered a range of security options depending on your preference for robustness. I'd be happy to use a Dongle-Token and an LCD-Token. But oh no! Instead my main bank's crappy system is no longer even asking me for the two-factor security challenge question anymore! Why is that? I asked them but they never reply. My guess is, they are using 'Super-Cookies; Which of course is great if you're also using public computers travelling. Great security!
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Thursday 13th June 2013 16:49 GMT Bronek Kozicki
Re: Collapsing currency?
You are looking in the wrong place. Banks do not invest money in currency, they invest in bonds, equities etc. Now check how Greek, Italian, Spanish etc. bonds fared in last 5 years. Yes of course there is currency element to risk of offshore investment but, as you noted, that haven't quite played yet.
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Thursday 13th June 2013 21:09 GMT Sir Runcible Spoon
Re: Collapsing currency?
"Banks do not invest money in currency"
I don't think you understand the Forex market at all then.
Banks buy and sell currencies all day long, in fact you could almost say that they were 'market makers'.
No-one invests in currency unless you're taking a long position in the carry trade. You buy low and sell high, it's as simple as that.
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