Bank of England adviser: ‘Everyone should have two bank accounts in case of cyber attack’

Banking expert warns cyber threat is so great we all need two accounts to guarantee access to cash

A leading banking academic and former adviser to the Bank of England has said everyone should have two bank accounts – so they can still access money if a major bank is crippled by a cyber attack.

Peter Hahn, senior fellow in banking at London’s Cass Business School, and between 2009 and 2014 a senior adviser to the Bank of England, said cyber crime was a new and growing risk which tended to be “not discussed”.