Central banks face hydra-headed cyber threats – panel
Geopolitics and concentration risk mean attacks could threaten financial stability as well as operations
Financial institutions have to evolve to meet the constantly shifting nature of the cyber threat landscape, according to a panel held on June 10 at the Central Banking Meetings London.
A risk officer from a central bank in the Americas said bad actors were exploiting geopolitical fragmentation to target institutions through cyber attacks. Cyber security was no longer a purely technical matter; it constituted an enterprise and operational risk, the speaker added. The increased interconnectedness
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: www.centralbanking.com/subscriptions
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Cyber
Latest AI models, such as Mythos, pose new cyber risks – Nagel
Bundesbank president underlines large language models’ high costs and tendency to hallucinate
Central bankers highlight insider threats to cyber security
Due diligence, including into third parties, is essential to mitigating problem, panellists say
Austrian authorities to co-operate on cyber security
Central bank signs accord with ministry and financial regulator to strengthen collaboration
Brazil steps up financial system security after hacks
Institutions face transaction limits and risk management audits after criminals targeted at least $315m
How central banks manage their own cyber defences
Resilience against system breaches, ransomware and phishing attacks is in focus, alongside managing third-party risks and the threat of state actors to payment systems
Google study shows cyber threat actors’ increased use of AI
Content campaigns identified in Russia, Iran, North Korea and China
Bank Indonesia’s YouTube channel hacked
Hackers streamed bitcoin-related content before page was restored
Police detain Polish central banker in Pegasus spyware investigation
Former spy chief said secret services should have access to cutting-edge surveillance