Is online banking really secure?

With security loopholes evolving and hackers growing more adept at cyber safe-cracking, can the future of banking ever be secure?

When Tesco Bank fell victim to a cyber breach, hackers were quick to boast on the dark web about it being a cash cow and how they were cashing out £1,000 each week without anyone noticing.
Quite clearly, banks understand the imminent threat such events pose for their businesses. Yet they continue to happen – week in, week out.

What specific threats are considered “the norm” within the finance sector and how must banks respond if they are to have a secure future?

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