“Since the health crisis, the financial sector's significant exposure to cyber risk has been accentuated by the need to switch financial activities massively and quickly to teleworking and the provision of remote services,” notes the Banque de France in its report. semi-annual.
Indeed, if the other risks “stabilized” even if they remain at a “high” level, those related to cyberattacks on the financial system are on the rise, even if they are not the most important.
While no incident has so far resulted in serious consequences, "given the high degree of interconnections in the financial system and across technologies, some cyber incidents could however affect financial stability in the future," said the risk assessment report.
"The more we move towards a world of data, the more there can be failures but also attacks," warned Sylvie Goulard, Deputy Governor of the Banque de France.
Corporate debt as the first risk
Since the start of the year, several computer attacks have targeted strategic sectors, for example in the United States with the oil pipeline group Colonial Pipeline, or even the Irish public health service.
However, according to the Banque de France, corporate indebtedness still remains the first risk for the financial system, followed by high valuation levels on the markets, and by the low profitability of banks, due to the downturn environment. low rate.
High-Tech
Members of the gang behind the Clop ransomware have been arrested by Ukrainian police
Justice
Subprime crisis: Natixis bank fined 7.5 million euros for misleading information
Cybercriminality
Piracy
Cyber attack
Bank
Bank of France
Economy
Cybersecurity
Internet
Finance