A cyberattack targeting European banks is being prepared
The European Central Bank (ECB) is advising banks that a possible cyberattack encouraged by Russia amid growing diplomatic tensions over Ukraine is brewing, according to information from Reuters.
A possible cyberattack in preparation for European banks
Western powers are concerned about the massive deployment of Russian troops on the border with Ukraine, which has raised fears of a possible invasion of the country by Russia, after the annexation of Crimea in 2014. The situation has pushed the ECB, which is office of supervisor of banks in the euro zone, to be on alert in the face of the threat of cyberattacks from Russia on banking establishments, specifies Reuters.
The central bank questioned the banks on their defenses. Banking institutions have conducted exercises to test their ability to repel an attack. The ECB, which has made cybersecurity one of its priorities, did not wish to comment publicly on this affair.
His concerns are shared by other financial regulators around the world. The New York Department of Financial Services issued an alert to financial institutions in late January over the threat of cyberattacks as retaliation for US sanctions against Russia in the event of an invasion of Ukraine. Also, this week, Mark Branson, the president of the German stock market policeman Bafin, considered that cyberattacks were closely linked to geopolitical and security issues.
