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. https://www.infosecurity-magazine.com/blogs/cyberattack-financial-ecb-chief/
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SHARESHARESHARE
SECURITY BY SECTOR: CYBER-ATTACK COULD CREATE FINANCIAL CRISIS, SAYS ECB CHIEF
The subject of how information security impacts different industry sectors is an intriguing one. For example, how does the finance industry fare in terms of information security compared to the health sector, or the entertainment business? Are there some sectors that face greater cyber-threats and risks than others? Do some do a better job of keeping data secure, and if so, how and why? The cyber-risks surrounding the financial sector are well-documented, but the head of the European Central Bank (ECB) has warned that a combined cyber-attack on important banks could trigger financial crisis and instability.As reported by the Independent, Christine Lagarde, the ECB’s president, said in a speech in France that, according to the European Systemic Risk Board (ESRB), the global cost of cyber-attacks is estimated to be between $45bn and $654bn. MICHAEL HILL READ MORE