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Barclays hacks its own systems to find holes before criminals do

Competitors tap top law enforcement officials to bolster digital security and compliance
Thursday, September 3, 2015 - 05:50
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Cyber risk is viewed as a key concern by almost a third of banks in the UK, a survey by the Bank of England found in July. Two years ago, only one per cent considered cyber attack a major risk.

London

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

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 London-based bank. His goal

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