Financial sector facing increased cyber risks – DNB official
Deputy governor says institutions’ dependence on vital infrastructure makes them vulnerable to attack
Financial institutions need to take much tougher action to counter the growing threat of cyber attacks, a deputy governor of The Netherlands Bank (DNB) has warned.
In a speech to the Institute of International Finance on November 12, Olaf Sleijpen said the financial sector’s dependence on telecommunications systems and energy supplies, both of which are strategic targets for cyber attackers, had made it increasingly vulnerable.
He quoted figures from the European Union Agency for Cybersecurity
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