New framework from the Bank of Greece regarding cyberattacks
The Bank of Greece recently announced the establishment of a new framework, which obliges financial companies to accurately record the financial cost of serious cyberattacks. This decision comes at a time when digital threats are constantly increasing, affecting the security of banking systems around the world.
According to the new rules, banks and other companies in the financial sector will have to report in detail the damages caused by such incidents. The central bank's goal is to have a clear picture of how much these attacks cost the Greek economy, as well as to strengthen the protection of customer data.
Companies will need to develop specific monitoring and risk assessment systems. In this way, the competent authorities will be able to better understand the weaknesses of the system and take the necessary measures to prevent future attacks that could disrupt the operation of the market.
This initiative is considered an important step for strengthening cybersecurity in our country. As digital transactions become increasingly popular, protection against malicious actions is now a priority for the stability of the financial system and the trust of citizens.