Cyber
Cyber security goes beyond preventing attacks – panel
Policy-makers should shift focus to damage mitigation, say officials at Central Banking Autumn Meetings
Norges Bank’s market operations fixed after global outage
Liquidity operations resumed on Friday following hourly calls with third-party service provider
Ransomware payments can be necessary, say panellists
Paying off hackers may be only way to safeguard financial stability, despite risks
MAS partners with Mastercard to tackle cyber risks
Singaporean central bank and payments firm will share information and conduct joint training
IMF officials warn cyber risks are growing
Systemic and third-party cyber risks pose threats to central banks and firms
IMF hit by cyber attack
Fund says attack did not target top leader and it has “re-secured” 11 compromised email accounts
Riksbank HR system restored 17 days after ransomware attack
Other incidents using Akira software reported across the world since 2023
Head of Romania’s central bank ‘deepfaked’ by scammers
NBR says fraudsters’ use of AI-generated video points to increasing risks from manipulated imagery
Swedish central bank affected by ransomware attack
Riksbank’s HR and payroll reportedly still impeded after hackers targeted third-party cloud provider
ECB prioritises IT outsourcing and cyber resilience supervision
Institutions lost $161 million due to poor-quality outsourced services in 2022
Central Bank of Ireland suffers credit data breach
Over 20,000 borrowers’ credit scores impacted by “archiving error”
Combatting the ever-changing cyber threats in banking
Seemanta Patnaik, co-founder and chief technology officer at SecurEyes, discusses the continually evolving challenges and threats, and possible solutions to remain resilient to cyber attacks in today’s central banking environment.
Hackers seize South Sudan central bank website
Group demands central bank act to make currency stronger against the dollar
Ransomware threat on the rise, says Boston Fed IT chief
Automation and AI could boost response times and ease staffing pressures
Central Bank of Azerbaijan ramps up cyber security
Division head points to AI’s potential as additional safeguard
Hackers target Iran’s central bank website amid protests
Internet blackout reported on September 21
CBDCs require increase in cyber security budget – BIS survey
Central bankers deem financial sector underprepared for cyber attacks
Privacy commissioner closes probe into RBNZ cyber defences
Central bank has “made every change recommended and more” in wake of hacker breach
Filipe Dinis on Bank of Canada’s cyber strategy and tackling cyber risks
The Canadian central bank’s chief operating officer calls for heightened vigilance, more collaboration, info sharing and tabletop exercises, and less reliance on similar, siloed systems
Bangladesh Bank heist casino boss faces lawsuit in New York
Bank asserts Kim Wong was involved in money laundering for North Korean regime
Every CBDC decision is a tradeoff, says Bank of Canada’s Shah
Privacy, security, and offline access present difficult problems