Link: IT outages in the financial sector: Legacy banks playing tech catch-up risk more outages, UK MPs told

said 65 per cent of outages are in retail banks. She said the regulator received 853 notifications of outages in 2018/19 “that is a huge increase on the previous year”. However, she added some of those incidents were relatively minor, with part of the increase being due to a change in regulatory reporting requirements.

Source: IT outages in the financial sector: Legacy banks playing tech catch-up risk more outages, UK MPs told