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EU financial institutions should prepare for cyber-attacks, supervisors warn

By Fiona Maxwell ( April 13, 2022, 15:50 GMT | Insight) -- Banks and insurers have been relatively shielded from the impact of Russia's war in Ukraine, but they should be prepared for an increased cyber threat, the EU's supervisory authorities warned today. Banks, insurers and others should also be wary of a potential dip in asset quality, particularly in the EU housing market, the regulators said.The EU’s financial supervisors have warned of a potential uptick in cyber-attacks in the wake of Russia’s invasion of Ukraine, and called on financial institutions to be prepared for the increased threat....

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