The European Central Bank (ECB), the EU body tasked with regulating the eurozone, has warned financial institutions that they may become targets of Russian-sponsored cyberattacks as tensions with Ukraine continue to mount.
Speaking at a news conference to present its annual review, the chair of the ECB Supervisory Board, Andrea Enria, told banks to focus on beefing up their security.
“We are asking [banks] to strengthen their cyber regime measures and look at a potential increase in attacks and the danger of these attacks going forward,” Enria said.
The warning comes as Russia stands accused of placing more than 100,000 soldiers near its border with Ukraine, with some believing this is a sign of an impending military incursion.