Cyber resilience hinges on collaboration, Nordic central bankers say

Central banks must ensure preventative measures are cost effective

Nordic Cyber conference
Pannelists at the 2nd Nordic Cyber Conference (left to right): Marja Nykänen, deputy governor, Bank of Finland; Martin Flodén, deputy governor, Sveriges Riksbank; Jon Nicolaisen, deputy governor, Norges Bank; Samu Konttinen, chief executive, F-Secure; Jukka Savolainen, director of CoI on Vulnerabilities and resilience, Hybrid CoE

Co-operation and collaboration are vital if economies are going to withstand growing cyber threats, central bankers from the Nordic region have concluded.

Deputy governors from central banks in Denmark, Iceland, Norway and Sweden gathered in Helsinki at the end of November to discuss how central banks could prevent cyber attacks from becoming a systemic problem for their economies.

“Since the threats to financial stability are becoming increasingly technological, and also more global … a

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