London, Nov 6 (ANI): Crime gangs may target London 2012 Olympics computer systems as a cover for a far bigger cyber attack on financial institutions in the City, an expert has warned.
One of the UK's leading experts on cyber security have warned all traders, banks and financial institutions to act now to shore up systems against an attack next July.
According to experts, the London Olympics is billed as the first "truly digital games," Express.co.uk reports.
Stuart Okin, former chief security adviser at Microsoft UK, said it was a "given" that hackers would try and breach Olympic security.
At the Beijing Games there were 12 million attempted cyber breaches.
Okin, a -director of Cipher Security, is however, warning of the likelihood of something far more sinister.
"Not only will we see a more concerted effort to launch these attacks, we believe for the first time we will see these attacks used as a diversionary tactic for an attack on the financial sector," Okin said.
"You always get hacking during the Olympics, this will be at the next level," he said.
"The attack on Olympic systems does not have to work, it just has to create enough noise to divert resources. It's like any war, you will divert manpower and resources to where it is needed most," he added.
Okin said the greatest worry is that only a small number of security experts in the UK are capable of fending off such a major hacking attack.
This means that crime gangs could breach security in financial institutions. Client information, credit card details or even the manipulation of hedge funds could be at risk, allowing millions of pounds of black market money to be laundered through the City. (ANI)
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