EU-CIP has released a white paper on banking infrastructure protection, identifying cybersecurity threats, regulatory complexity, and third-party risks as key vulnerabilities, while proposing cross-border coordination, improved threat intelligence sharing, and investment in operational resilience to secure the financial sector.
Why this matters
- Banking as national-critical infrastructure: Designated since 2013, the banking sector underpins national economies and must remain secure against disruptions in payments, lending, and consumer confidence.
- Rising cyber threats: With the volume and sophistication of cyberattacks on banks escalating—ransomware, supply-chain compromises, and AI-driven exploits targeted at financial systems—security governance calls for higher alertness and innovation.
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