Signs are seen outside a branch of Lloyds Bank in central London October 28, 2014. REUTERS/Andrew Winning LONDON (Reuters) - Lloyds Banking Group (LLOY.L) is the latest bank to join a new British cyber security group for banks called the Cyber Defence Alliance (CDA), sources with direct knowledge of the matter told Reuters. Lloyds joins Barclays (BARC.L), Deutsche Bank (DBKGn.DE), Santander UK (SAN.MC) and Standard Chartered (STAN.L) in the CDA, the sources said. A spokeswoman for Lloyds confirmed that the bank joined the group on December 8. The list of other banks participating is confirmed by company filings reviewed by Reuters. The London-based CDA was created to facilitate sharing of information following cyber security incidents, with banks joining it paying to help to fund it and gain access to the group’s pooled knowledge on the latest attack methods, the sources said. Banks have stepped up information sharing on such security incidents in recent months in response to an increase in attacks on their systems, including an attack on Tesco Bank last November that was Britain’s biggest ever financial cyber heist. Lloyds said on Jan. 23 it was working with law enforcement agencies to trace who might be behind a cyber attack that caused intermittent outages for customers of its personal banking websites. Reporting By Lawrence White. Editing by Jane Merriman
Lloyds Bank has attracted the likes of Barclays , Deutsche Bank , Standard ##bank and Santander ##bank as part of the UK 's Cyber Defence Alliance ( CDA ) for banks . The CDA 's aim is to facilitate the sharing of cybersecurity information among major players in the banking industry . Banks pay to help fund the CDA and gain access to shared knowledge , a spokesperson told Reuters . British banks have become increasingly concerned about cybersecurity as a number of major hacks hit the headlines in recent months . An attack launched at Tesco Bank in November 2016 was the country 's largest cyber heist to date .