Barclays hacks itself

Barclays Sign

Barclays is hacking its own computer systems to stay a step ahead of the criminals.

Bloomberg News reports that Troels Oerting, who joined as chief information security officer in February, set up a so-called red team in recent weeks to attack the digital defences of the bank. His goal is to find any flaws and fix them before thieves, vandals or terrorists can exploit them.

'We emulate how criminals will try to get into the bank', said Oerting, the former head of Europol’s European Cybercrime Center. 'Then the red unit will do the same work, testing our ability to detect, to prevent, to resist'.

To access the complete Bloomberg News article hit the link below:

Barclays Hacks Its Own Systems to Find Holes Before Criminals Do

Credit Suisse Hires Deutsche Bank's Nourse for U.K. Financials

JefferiesAnd the Best Place to Work in the global financial markets 2017 is...

Register for Financial Markets News Alerts