Swedish and Norwegian central banks warn of cyber threats
Even small attacks can have major effects on stability, Norges Bank and Sveriges Riksbank say
The Swedish and Norwegian central banks issued reports this week warning that cyber attacks could damage financial stability, and setting out possible countermeasures.
Sveriges Riksbank said on May 19 that these attacks did not need to be massive in order to harm the financial system: “Even in cases where the direct impact of the attack is limited, negative knock-on effects can spread further in the financial system and have serious consequences, for example, in the form of a lack of confidence
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