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Germany , Monday 01 June 2026

German financial watchdog warns of 'very big' risk of cyberattacks

Published on: Monday 02 May 2022

German financial watchdog warns of 'very big' risk of cyberattacks BaFin has long warned about cyber risks, but the statements mark a harsher tone. "The war has made cyberattacks on the German financial sector more probable," BaFin President Mark Branson said. He warned that a sudden and hefty increase in interest rates could present difficulties for banks.


News source: https://finance.yahoo.com/news/german-financial-watchdog-warns-very-090841606.html

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