Barclays and Europol team up to fight financial cybercrime

Europe’s police unit and UK bank Barclays are teaming up in an effort to combat financial cybercrime, reports financial tech news site Finextra.

Europol, the European law enforcement agency, and the bank have signed a Memorandum of Understanding (MoU) in response to the growing threat to financial services firms. Under the MoU, the partners have committed to exchanging strategic information, information on trends, expertise and statistical data.

Barclays’ chief information security officer Troels Oerting explained: “Digital adoption and the integration of technology into people’s lives is changing the way our customers and clients do business with us, but it’s set against the backdrop of new risks such as cyber attacks.”

He added: “By signing this agreement we will be able to collaborate with them in the fight against cybercrime… ensuring even greater security for our customers and clients into the future.”

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Source: Cyberwardesk

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