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


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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Tech News

How the EU transformed tech
Nigeria sets dangerous precedent by detaining Binance execs, CEO says
Online retailer Zalando returns to growth thanks to premium brands
Amazon launches online shopping service in South Africa
Nintendo to announce next Switch by March as original sputters
Details of UK military personnel exposed in huge payroll data breach
Scammers stole homeowners’ identities and sold their houses ‘out from under them’, US feds say
Exclusive - Microsoft hit with Spanish startups' complaint about cloud practices
Is China the target of new US global cyberspace and digital technology strategy?
International Baccalaureate taking ‘appropriate and timely measures’ to remove online posts containing leaked exam questions after outrage

Others Also Read