Barclays and RBS Group asked for full description of technical meltdown

Barclays and RBS Group asked for full description of technical meltdown

After Barclays and RBS Group systems suffered a meltdown at the end of last week, the Treasury Committee has demanded a full description of the failure and the consequences from the banks.

The Register reports that the bosses were asked for technical details of the failure and its causes, as well as to specify the process of communicating the meltdown to customers. Moreover, Nicky Morgan, Treasury Committee Chair, said that IT stress tests are planned.

As customers are getting annoyed by the all-too-often delays and unavailability, the FCA and the Bank of England’s Prudential Regulation Authority already announced that policies for operational resilience are to be restructured.

Read more about this here.

Copyright Lyonsdown Limited 2021

Top Articles

RockYou2021 data leak: 8.4 billion passwords compromised

A report shows that 100GB of data which includes 8.4 billion passwords have been recently leaked on the internet, people are being encouraged to secure their accounts.

Hackers Breach Electronic Arts & Steal Game Code

Electronic Arts, one of the world's biggest video game publishers including games such as FIFA, Madden, Sims and Medal of Honor, are the latest company to be hacked.

JBS Foods paid £7.7m in ransom to REvil ransomware gang

JBS Foods, the world’s largest processor of beef and poultry products, has admitted to paying a ransom of $11 million to cyber criminals, a week after it announced that operations…

Related Articles

[s2Member-Login login_redirect=”https://www.teiss.co.uk” /]