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Central banks must embrace the revolution under way in digital money to ensure they remain at the heart of the global payments system.
The European Central Bank is willing to develop its own digital currency if the private sector can’t make cross-border payments faster and cheaper.
International outcry is mounting over Libra – with central banks, governments and regulators railing against the cryptocurrency.
A senior official at the European Central Bank warned that banks embracing external data storage and other digital technology need to face an uncomfortable truth: there’s a good chance they’ll get hacked.
The European Central Bank (ECB) shut down one of its websites on Aug 15 after it was hacked and infected with malicious software.
Fourteen Russia-backed YouTube channels spreading disinformation have been generating billions of views and millions of dollars in advertising revenue, according to researchers, and had not been labeled as state-sponsored, contrary to the world's most popular streaming service's policy.
Cyber risks will soon become bigger risks than natural catastrophes for the insurance sector, Scor chairman and chief executive officer Denis Kessler said, recommending the industry build a comprehensive, common global scale to assess cyber-related incidents.
European Union countries must foster payment services that work across the continent to boost its financial sector and reduce dependence on third countries like the United States, a top European Central Bank official said on Sept 3.
Central bankers say the success of bitcoin and other cryptocurrencies is just a bubble.
Slovenia's financial watchdog issued a warning on Monday that virtual currencies - such as bitcoin - are not regulated and are not guaranteed by the central bank or any other state body.