Danish central bank recommends security upgrade for payment systems
New cyber security measures, risk management rules and stress tests should be implemented
The National Bank of Denmark says the nation’s retail payment systems should be improved with new cyber security and risk management measures, and stress tests.
It recommends that Finance Denmark, the association of commercial financial institutions, implements a series of steps to reduce security and liquidity risks.
While the central bank proposes some areas of improvement in the assessment, published on May 9, “no deficiencies have been identified which could be serious if not immediately
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