Computing: Millions of UK citizens could be hit by an IT disaster similar to that suffered by the Royal Bank of Scotland (RBS) in the summer of 2012, unless banks move off of legacy systems, according to RBS’s chief analytics officer, Alan Grogan.
The IT glitch affected NatWest, Ulster Bank and RBS, and cost the RBS Group an estimated £125m. The incident left millions of customers unable to access their accounts, while RBS struggled to fix the issue.
