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Central bank cyber security: a weak link in the financial system?

Disgruntled hackers are targeting central banks, whose cyber defences may not be up to the test

cyber-attack

The hacker group that targeted the Central Bank of the Bahamas last month chose its target because of vulnerabilities it claims were “easy to find and easy to exploit”.

“The big players, the prominent central banks, are very secure when it comes to cyber security. It is our philosophy, however, that everything has vulnerabilities, it just falls to us to find and exploit them,” a member of the hacking group, which calls itself ‘the Mafia Project’, tells Central Banking.

The hacker, who goes by

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