ECB to run cyber attack stress test for eurozone banks
Eurozone banks have seen major increase in hacking after Russian invasion of Ukraine, Panetta says
The European Central Bank will run cyber attack stress tests for eurozone lenders next year after a major rise in hacking attempts, its chief supervisor said.
The exercise “will try to test how banks are able to respond to and recover from a successful cyberattack,” Fabio Panetta told Lithuanian newspaper Verslo žinios. The ECB hopes to have the stress test’s results by the middle of next year, Panetta said in the interview, published on March 9.
Panetta said the ECB was increasing its
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