Banks Must Spend More to Combat Hackers, EU Watchdog Says

From: Bloomberg

By Nikos Chrysoloras

Banks need to put more money into combating hackers who have the potential to wreak havoc throughout the continent, the director of the European Union’s cybersecurity agency said.

“We don’t know if there are criminals trying to attack a power plant, or the banking system and cut off all ATM machines,” said Udo Helmbrecht, executive director of the European Network and Information Security Agency, or ENISA. “The probability is low, but it’s doable.”

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