Central banks should create national cyber defence – Canada’s Dinis

Bank of Canada facade

Central banks should look to invest in “system-wide” cyber defences as threats continue to evolve amid rapid digitisation, a Bank of Canada official has urged.

“Cyber threats aren’t going away, so our job will never be done,” chief operating officer Filipe Dinis said at an event in Ontario.

“It is no longer enough for each institution to maintain its own alarm system. While doing so provides a certain level of protection and comfort, we need to invest in system-wide defences.”

Cyber security

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