The Central Bank has written to banks and financial firms it regulates, outlining the need to be aware of a “significantly” increased risk from cyber security threats in the current geopolitical situation amid Russia’s war with Ukraine.
he warning to banks and businesses in financial services comes amid heightened tensions between Western countries and Russia. Recently, the National Cyber Security Centre (NCSC) warned companies and institutions to expect “increased cyber-criminal activity” from criminal gangs.
“Given the geopolitical situation, there is a significantly heightened risk environment when it comes to cyber-security threats,” said a Central Bank spokesman. “We have written to firms in recent days outlining the need to be aware of this increased risk.
“As part of our ongoing work in this area, we have made clear to regulated firms the standards and quality of cyber-security risk management that the Central Bank expects to…
