Sweden Herald - Latest Sweden News | Swedish Financial Supervisory Authority warns of poor preparedness against cyber attacks among financial companies by Sweden Herald

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The Swedish Financial Supervisory Authority (FI) warns that many banks and finance firms are poorly prepared for cyber‑attacks, noting that most of the roughly 50 companies studied lack comprehensive continuity, crisis and recovery plans as well as proper documentation of their ICT assets. While FI’s latest stability report finds overall resilience in the sector remains stable despite a tough economic climate, it cautions that rapid AI development and a tense security environment are increasing the likelihood of incidents. Consequently, FI is urging financial companies to address these shortcomings and improve their preparedness for IT‑related crises.

Read more: https://swedenherald.com/article/swedish-financial-supervisory-authority-warns-of-poor-preparedness-against-cyber-attacks-among-financial-companies

#FI #financialinstitutions #Artificialintelligence #ICT #Sweden

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