EU Banks Warned Of Rise In Cybercrime Amid Pandemic

Law360, London (October 22, 2020, 4:45 PM BST) -- A European central banker said on Thursday that the financial services sector must ramp up its defenses against cybercrime as it recovers from the COVID-19 pandemic, after finding that the economic chaos caused by the crisis has led to an increase in cyberattacks.

Banks have succeeded in adapting to digital and remote working amid the coronavirus outbreak, Pentti Hakkarainen, a member of the supervisory board of the European Central Bank, said. But he warned that banks should not become complacent about online resilience. simply because they have performed well under this stress test.

Hakkarainen also warned finance firms that cybercriminals are becoming...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!