TechBookyBusiness
No Result
View All Result
Wednesday, May 25, 2022
  • Login
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us
Subscribe
TechBooky Business
No Result
View All Result
Home Government

Germany’s Financial Regulator Warns Of Cyber Attacks As The Russia-Ukraine Conflict Continues

Ibhadojemu Lucky Emmanuel by Ibhadojemu Lucky Emmanuel
May 3, 2022
in Government
Share on FacebookShare on Twitter

On Tuesday, Germany’s financial regulator Bundesanstalt fuer Finanzdienstleistungsaufsicht (BaFin) warned of a huge risk of cyber attacks following the recent invasion of Ukraine by Russia. According to the regulator these risks are already very present. For months now, the regulator has been giving warnings about the risk of cyber attacks but its recent statement not only reiterates what the regulator has been saying for months, but it also shows a sense of worry.

BaFin’s President, Mark Branson said that “The war has made cyberattacks on the German financial sector more probable.” While speaking at an annual press conference during his first year in office, the President spoke about the direct effects of the war and how its resulting sanctions are manageable, adding that second and third-round effects could create huge challenges. He warned that a sudden and hefty increase in interest rates could present difficulties for banks.

The ongoing Russia-Ukraine crisis has caused a series of challenges for businesses, companies, and governments. More than a handful of global companies have pulled out from Russia as a result of the war. Companies have reported challenges and losses as a result of the war. For example, global video streaming platform Netflix reported that it lost 200,000 in the first quarter of this year. Apart from the internal challenges such as password sharing by households that the company blamed for its woes, it also did mention halting its service in Russia as part of the reasons for its losses. Netflix said it’d have added about 50,000 subscribers in Russia alone if it didn’t pull out.

The European Union also issued sanctions on Russia. These sanctions may affect Russia the most, but other countries and businesses are also affected by these sanctions.

With cyber-attacks on Germany’s financial sector more probable, the government has to stand up to ensure that it doesn’t become a victim of the ongoing war between Russia and Ukraine.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0

Related Posts:

  • Ukraine Blames Russia For A Cyber Attack That Hit Its Defense Ministry, Armed Forces And Two States Bank
    Ukraine Blames Russia For A Cyber Attack That Hit Its…
  • San Francisco-based Cyber Insurance Company Coalition Raises $205 Million In Series E round
    San Francisco-based Cyber Insurance Company Coalition Raises…
  • US President To Host CEOs Across The Tech, Finance, And Energy For Security Summit At The White House
    US President To Host CEOs Across The Tech, Finance, And…
  • The UK's Financial Conduct Authority Says Challenger Banks Are Not Taking Enough Actions To Combat Financial Crimes
    The UK's Financial Conduct Authority Says Challenger Banks…
  • Google Removes Russia Today And Sputnik From Play Store
    Google Removes Russia Today And Sputnik From Play Store
  • Bitcoin And Other Cryptocurrencies Plunge Following Russia's Attack On Ukraine
    Bitcoin And Other Cryptocurrencies Plunge Following Russia's…
  • Lagos Chamber of Commerce And Industry President Says Nigeria Could Benefit From The Russia-Ukraine Conflict
    Lagos Chamber of Commerce And Industry President Says…
  • Bitcoin Is Trading Above $40,000 On Russia-Ukraine Conflict
    Bitcoin Is Trading Above $40,000 On Russia-Ukraine Conflict
Tags: BaFinCyber attackgermanyregulatorrussiaUkraine
Previous Post

Donald Trump’s Truth Social Will Be Available Via Web Browser By The End Of May, CEO Devin Nunes Says

Next Post

Areas Blockchain Technology Can Be Applied Other Than Cryptocurrencies

Next Post
Areas Blockchain Technology Can Be Applied Other Than Cryptocurrencies

Areas Blockchain Technology Can Be Applied Other Than Cryptocurrencies

No Result
View All Result

Get top tech business news in your inbox

subscription from
Loading

Crypto Price List

  • USD
  • EUR
  • GPB
  • AUD
  • JPY
  • TadpoleTadpole(TAD)
    $7.32-1.74%
  • SEENSEEN(SEEN)
    $2.05-2.27%
  • EvedoEvedo(EVED)
    $0.082301-0.80%
  • MarginswapMarginswap(MFI)
    $0.184213-2.11%
  • SakeTokenSakeToken(SAKE)
    $0.0127135.28%
  • WTF TokenWTF Token(WTF)
    $0.0113500.17%
  • BNSD FinanceBNSD Finance(BNSD)
    $0.005461-5.83%
  • RobotinaRobotina(ROX)
    $0.00266138.50%
  • CageCage(C4G3)
    $0.005010-3.67%
  • YAM v2YAM v2(YAMV2)
    $4.70-1.41%

Recent Posts

  • Russia Will Start Using Its Digital Rouble With Real Customers And Real Transactions From April 2023 In A Pilot Project
  • Esaal, An Egyptian Health And Wellness Platform Gets $1.7 Million To Scale Operations Across the MENA region
  • Could Biometric Technology Be The Answer To Digital Payments Security Concerns?
  • South Africa’s Edtech Startup FoondaMate Secures $2 Million In Seed Funding
  • US Cybersecurity Firm Semperis Gets $200 Million In Funding

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Get top tech business news in your inbox

subscription from
Loading

Popular Tags

Acquisition africa amazon apple bitcoin cbn china company crypto cryptocurrency e-commerce E-Naira earnings earnings season elon musk facebook fintech Funding gadget google government india Investment ipo kenya microsoft money netflix nigeria payment payments Q1 revenue russia service shares social media Startup Stock Stocks tech tesla twitter Ukraine whatsapp

Calendar

May 2022
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Apr    

Categories

  • Acquisition
  • Acquisition & Merger
  • App
  • Banking
  • Capital
  • Cryptocurrency
  • Earnings
  • Ecommerce
  • Economy
  • Enterprise
  • Event
  • Funding
  • Gadget
  • Government
  • internet
  • Investment
  • Market
  • Merger
  • Money
  • Partnership
  • Personnel
  • Service
  • Social Media
  • Startup
  • Stocks
  • telecom
  • Venture Capital

Recent News

  • Russia Will Start Using Its Digital Rouble With Real Customers And Real Transactions From April 2023 In A Pilot Project
  • Esaal, An Egyptian Health And Wellness Platform Gets $1.7 Million To Scale Operations Across the MENA region
  • Could Biometric Technology Be The Answer To Digital Payments Security Concerns?
  • South Africa’s Edtech Startup FoondaMate Secures $2 Million In Seed Funding
  • US Cybersecurity Firm Semperis Gets $200 Million In Funding
  • Zoom Issues Better-than-expected First Quarter Earnings And Strong Guidance

© 2021 Techbooky Business - Design by Techbookyelite.

No Result
View All Result
  • Home
  • TechBooky
  • Africa
  • TV
  • Startup
  • Earnings
  • Crypto Price
  • Submit Article
  • Contact Us
  • About Us

© 2021 Techbooky Business - Design by Techbookyelite.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • bitcoinBitcoin(BTC)$29,844.000.88%
  • ethereumEthereum(ETH)$1,967.42-0.77%
  • tetherTether(USDT)$1.00-0.02%
  • binancecoinBNB(BNB)$328.770.17%
  • usd-coinUSD Coin(USDC)$1.000.13%
  • rippleXRP(XRP)$0.408378-0.40%
  • Binance USDBinance USD(BUSD)$1.00-0.01%
  • cardanoCardano(ADA)$0.52-0.61%
  • SolanaSolana(SOL)$48.66-1.72%
  • polkadotPolkadot(DOT)$9.99-1.59%
  • dogecoinDogecoin(DOGE)$0.0835350.24%
  • AvalancheAvalanche(AVAX)$27.64-4.34%
  • Shiba InuShiba Inu(SHIB)$0.000012-0.81%
  • matic-networkPolygon(MATIC)$0.65-1.47%
  • TerraTerra(LUNA)$0.00018817.32%
Posting....