January 23, 2025 (NO COMMENTS)

A senior Bank of England policymaker has identified a cyber attack with system-wide consequences as a category of risk that “keeps me up at night”. Responding to a question at an event on geopolitical risk organised by Fitch Ratings on January 23, Financial Policy Committee member Carolyn Wilkins said a cyber attack affecting multiple institutions “feels like the kind of event we have seen”, even if such an attack has not had a systemic impact so far.

“There have been particular events that were