Banks told to be vigilant on cyber risk as tensions rise

An Insurance Business Magazine article.

European regulators are telling the region’s banks to keep a close eye on potential hacking attacks as tensions with Russia rise over Ukraine.

The European Central Bank has reminded banks in recent weeks to keep up their cyber defences, according to a person briefed on the discussions. And Germany’s top banking regulator said this week that hacking attacks are a key concern of bank executives in the current environment.

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