ECB to conduct mock cyber attacks at 109 banks
The European Central Bank (ECB) will stress test 109 banks over the next twelve months to see if they are adequately prepared for cyber attacks. The banks' response and recovery capabilities will be prioritized, not the potential to prevent incidents.
The 109 banks in question are all under the ... Read more
ECB to test banks for cyber resilience in wake of increased attacks
Europe's central bank is reacting to a jump in cyber threats since the start of the Ukraine war
Following a sharp rise in cyberattacks, the European Central Bank plans to test the cyber resilience of the euro zone's top banks, Reuters reports.
ECB supervisory chief Andrea Enria told a Lithuan... Read more
‘ECB says digital euro will be free to all but limited in scope’
The digital euro will be free to use and available to all, but the European Central Bank (ECB) does not want to let people make programmed, regular payments to cover transactions like bills or rent.
ECB Executive Board Member Fabio Panetta gave the assurances on Monday in a speech to the Europea... Read more
European and US regulators are worried about Russian-sponsored cyber-attacks on banks
The European Central Bank is warning banks to be ready for a potential Russian-sponsored cyberattack as tensions about Ukraine mount ever higher. Reuters reported that two people with knowledge of the matter said the region is bracing for a conflict's financial impact.
The stand-off between Russ... Read more
ECB claims Digital Euro will protect Europe from big tech
Fabio Panetta, the former Director of the Bank of Italy, explains the progress made on the Euro central bank digital currency. Many observers noted that his comments and rhetoric seem to follow a monotonously familiar approach.
The European Central Bank has a habit of playing up threats or confl... Read more
ECB starts its long bureaucratic march toward a digital euro
The European Central Bank took a first step toward launching a digital version of the Euro on Wednesday. This is in part to meet the global demand for electronic means of payment, as well as take on the cryptocurrency boom.
The electronic equivalent of paper and coin currency in the EU will most... Read more
European Central Bank closes one of its websites after hack
The European Central Bank (ECB) yesterday closed one of its websites after it was hacked and infected with rogue software. No market-sensitive data was stolen during the attack.
The hack was aimed at the ECB's Integrated Reporting Dictionary (BIRD), reports Reuters. The ECB uses this to provide b... Read more