Bank of England and IMF warn the City could become a cyber‑crime theme park

Bank of England governor Andrew Bailey and IMF chief Kristalina Georgieva warned that a surge in cyber‑attacks threatens trust in the UK financial system during a panel on online fraud.

The two leaders described cyber‑attacks as a persistent threat that could erode confidence in the financial system.

Their stark warning urged regulators to tighten security measures to protect the City from becoming a cyber‑crime playground.

The joke: if the threat is not addressed, the City could indeed turn into a cyber‑crime theme park.