We were warned. Repeatedly. And we filed it under 'later'.
Editorial Annual training is a compliance cop-out, and Friday proved it.
There is a particular kind of failure that arrives wearing the costume of a surprise. Friday's collapse at Wicked Bank was not a surprise. It was a forecast, delivered repeatedly, and ignored.
The bank had been told its staff were vulnerable to exactly this kind of attack. It commissioned reports. It filed them. It ticked the box marked training and moved on.
If a lender this size can fall in four hours, the uncomfortable truth is that none of them are ready — and pretending otherwise is the most expensive habit in British business.