The number of attacks and incidents reported by financial organizations has doubled over the last year. The Bank of England is investing hard in automation and being more proactive in its defenses. The bank handles some 700 billion [$883 billion] worth of transfers across its system every day. In 2017 the bank assessed 17,000 new vulnerabilities, with patching cycles ranging from zero to five days for serious issues, and five to 90 for regular patching. The average attack cost financial organizations over $18 million in 2017.”]