Cyber optics: are banks downplaying the SolarWinds hack?

In the wake of the watershed breach, banks eye supply chain risk while talking down the hack’s impact

It was the most daring cyber security breach of all time. When state-sponsored Russian hackers manipulated IT-monitoring software from technology vendor SolarWinds to access thousands of organisations – US government agencies and ubiquitous technology companies among them – it sent the vendor’s clients scrambling to patch their systems.

The incident, which came to light in December 2020, blew open a major new front in the fight against cyber crime – exposing the need for firms to monitor and

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