Cyber attacks on finance increased sharply during pandemic – BIS

Increased use of cloud could increase firms’ vulnerability, researchers warn

cyber-attack

The Covid-19 pandemic has seen a spike in cyber attacks on financial services firms, new research from the Bank for International Settlements says.

Iñaki Aldasoro, Jon Frost, Leonardo Gambacorta and David Whyte note in the latest BIS bulletin that Covid-19-related attacks “grew with the spread of the pandemic”, from fewer than 5,000 per week in February to more than 200,000 per week in late April. 

“They rose further by around one-third in May and June compared with March and April,” the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.