German finance watchdog sees ‘very big’ risk of cyberattacks ...Middle East

FRANKFURT: Germany’s financial regulator BaFin warned Tuesday of the “very big” risk of cyberattacks targeting the financial sector, a threat it said had become “more likely” since Russia’s war on Ukraine.“The risk that companies in the financial sector will fall victim to cyberattacks or that internal IT security incidents will occur is very big and very present,“ BaFin president Mark Branson told a press conference.In extreme cases, “such incidents could damage the stability of the financial system”, he said.“Are we prepared for a really serious security incident? If we are honest, we don’t know,“ Branson added.Ukraine and its Western allies have been on heightened alert for potential Russ

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German finance watchdog sees ‘very big’ risk of cyberattacks ...Middle East

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