(Reuters) — The European Central Bank plans to test the cyber resilience of the eurozone’s top banks after a sharp increase in cyber attacks, including after Russia’s invasion of Ukraine, ECB supervisor Andrea Enria told a Lithuanian newspaper.
“Next year we will launch a thematic stress test on cyber resilience, which will try to test how banks can react to and recover from a successful cyber attack,” Enria told Verslo žinios.
The ECB has long warned banks to be wary of cyberattacks from Russia after the EU adopted a raft of sanctions against Moscow over its invasion of Ukraine.
“There has been a significant increase in cyber attacks,”; Mr. Enria. “We cannot attribute this to any specific source, but it is a fact that the number of these attacks has increased since the war started.”
Enria said part of the problem is that banks are outsourcing some of their critical IT infrastructure to external providers or other entities within their group.
The results of the test are due around mid-2024, Mr. Enria.