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May 30, 2016

UK-Based Llyod’s Bank Sees Decrease in Cyberattacks

Swimming against the torrent of relentless headlines highlighting the lack of cybersecurity among banks, government agencies, and popular websites, the Lloyds Banking Group has seen an 80-90% drop in cyberattacks. The reason? “Enhanced” cybersecurity measures.

While banks around the world begin to accept the uncomfortable reality wherein a $81 million cyber-heist is entirely plausible whilst relying on the global banking platform (SWIFT), one UK-based bank has seen a drop in cyber-attacks.

UK-based Llyods Banking Group has seen a drop of between 80% to 90%, even though there has been an increase in cyberattacks targeting the UK this year. The revelation was made by [...]

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