Cyberattacks are becoming increasingly commonplace in the modern world, and the European Central Bank (ECB) is taking steps to protect banks in Europe from such attacks. In 2024, the ECB will launch simulated cyber attacks to check the cyber resilience of major banks in Europe. This follows a sharp rise in attacks on banks’ infrastructure resulting from the Russian war with Ukraine. The Russian GRU’s cyber team, Killnet, is suspected to be responsible for the majority of these attacks.
The test will take place in mid-2024, and will involve the ECB launching simulated attacks on banks’ IT infrastructure. The goal is to evaluate the cyber resilience of these banks, and to ensure they are prepared to withstand sophisticated attacks. The decision to launch the tests was made by the head of the ECB, Andrea Enria, in response to the increasing threat from cyberattacks.
However, it is not just banks that are at risk from cyberattacks. Vladimir Putin has reportedly been considering launching a kind of bio-war against Ukraine in mid-April. This would involve military attacks on civilian populations. The US intelligence department Pentagon has uncovered this information, and the US is strongly opposed to this development.
It is clear that cyberattacks are becoming an ever more prominent issue, and the ECB’s decision to launch simulated attacks is a step in the right direction. Banks must remain vigilant and ensure their IT infrastructure is adequately prepared to withstand sophisticated attacks. Though the risk of a bio-war is still uncertain, it is important to be aware of the potential threats cyberattacks pose.
Key Points:
• The ECB will launch simulated cyber attacks in 2024 to test the cyber resilience of major banks in Europe.
• The attacks have been prompted by a sharp rise in attacks on banks’ infrastructure resulting from the Russian war with Ukraine.
• The GRU’s cyber team, Killnet, is suspected to be responsible for the majority of these attacks.
• Vladimir Putin is reportedly considering launching a kind of bio-war against Ukraine in mid-April.
• It is important for banks to remain vigilant and ensure their IT infrastructure is adequately prepared to withstand sophisticated attacks.
