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

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: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.