ECB warns of cyber-triggered financial crisis

Published: 17/11/2018
ECB warns of cyber-triggered financial crisis
Source: FSTECH.CO.UK

The next financial crisis may be triggered by a cyber attack, according to a senior executive at the European Central Bank (ECB). Whilst giving the opening remarks at the CPMI academic conference in Basel, ECB board member Benoît Cœuré said that hackers are increasingly targeting wholesale payment systems and the large money flows they handle, citing the lapses in security that led to the $81 b

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