Cyber attacks could represent systemic threat, warns Ireland’s Roux
Firms need to prepare better ways of dealing with cyber risk
The complex interconnectedness of financial firms means cyber attacks could start a "domino effect" that brings on a system-wide financial crisis, Cyril Roux, the Central Bank of Ireland's deputy governor for financial regulation, said today (September 30).
Roux welcomed concern over the problem, as he said it meant people were beginning to take it seriously. But in remarks to the Society of Actuaries in Ireland, he said many firms still needed to take action to ensure they had sufficient
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