ECB examines 100 banks with cyber assault | EUROtoday

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Ready for the cyber stress take a look at: The European Central Bank’s banking regulator is placing monetary establishments to the take a look at proper after the flip of the yr.
Image: Lucas Bäuml

The supervisors wish to learn how strong the IT techniques of main European banks are in opposition to assaults by hackers. How the primary cyber banking stress take a look at is meant to uncover vulnerabilities.

AAt the start of October, hackers attacked the IT of the Frankfurt University Hospital and tried to realize entry to delicate private well being knowledge. Hesse’s largest hospital remains to be within the strategy of coping with the results: the college hospital’s IT techniques had been disconnected from the web and are nonetheless partially paralyzed. Invoices are actually despatched by fax and paid by paper switch as an alternative of electronically by card. Employees request ends in individual on the ground beneath within the laboratory as an alternative of calling or chatting with colleagues.

The monetary trade seems to be higher ready for cyber assaults. Here, too, there may be delicate knowledge that hackers want to steal, beginning with cash and never ending with passwords and account transactions. But banks appear very alarmed and on guard. In addition, the monetary disaster has strengthened the function of supervision.