Keep Two Bank Accounts To Beat Cyber Attacks, Says Bank of England Adviser (thestack.com)

An anonymous reader writes: Everyone should keep two bank accounts so they can still access their money if one bank is hit by a cyber attack, a former Bank of England adviser has warned. "I'd certainly rather have two [accounts] in case my bank was attacked. I would want to know I could still get money out of the other one," banking expert Peter Hahn said in an interview with BBC's Today, ahead of the Bank of England's latest Financial Stability Report. According to the report, cyber risk is one of the five greatest dangers facing the UK banking industry.

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Re:standard

[amberdalan]

The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category.