UK banks will have to test cybersecurity resilience from April: PRA

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Data protection and data protection law

Jan. 12, 2022, 1:08 p.m.

The Bank of England’s Prudential Regulation Authority reminded banks that they must begin testing their businesses’ resilience to cyber threats by March 31st.

  • Corporations must also have mapped their key business services and mapped out their impact on such an event, the regulator said in a letter to CEOs setting out their priorities for the year
    • PRA also expects third country offices in the UK to show how they will deliver operationally resilient results
    • The regulator has seen an increase in the outsourcing of services, particularly to cloud providers, and expects companies to manage the risk
  • After last year’s …

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