German financial watchdog warns of 'very big' risk of cyberattacks


FILE PHOTO The logo of Germanys Federal Financial Supervisory Authority BaFin Bundesanstalt fuer Finanzdienstleistungsaufsicht is pictured outside an office building of the BaFin in Bonn Germany April 15 2019.  REUTERSWolfgang Rattay

FILE PHOTO: The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside an office building of the BaFin in Bonn, Germany, April 15, 2019. REUTERS/Wolfgang Rattay

FRANKFURT (Reuters) - Germany's financial regulator BaFin on Tuesday warned of a "very big and very present" risk of cyberattacks in the wake of Russia's invasion of Ukraine.

BaFin has long warned about cyber risks, but the statements mark a harsher tone.

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