(Bloomberg) -- The U.K.’s biggest banks fear cyber attacks more than regulation, faltering economic growth and other potential risks, and are concerned that a hack could be so catastrophic that it could lead to a state rescue, according to a survey.
Cyber crime topped a list of 24 possible risks in a study of 113 U.K. bankers, observers and risk regulators conducted by PricewaterhouseCoopers LLP for the Centre for the Study of Financial Innovation published on Tuesday. One British respondent said there was the potential for a hack to “bring down” a bank, “necessitating a state bailout.” The survey also found fears over capital adequacy, liquidity and political interference are beginning to wane.
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