Swedish Financial Supervisory Authority warns of poor preparedness against cyber attacks among financial companies

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Swedish Financial Supervisory Authority warns of poor preparedness against cyber attacks among financial companies
Photo: Tomas Oneborg/SvD/TT

The resilience of banks and finance companies is generally stable despite the troubled economic times, according to FI's first stability report of the year.

But the increasingly rapid development of AI poses a threat to the financial world.

"The likelihood of incidents is increasing due to rapid technological development and the tense security policy situation," the authority writes in the report.

The results of a study of around 50 financial companies "indicate, among other things, that the majority lack comprehensive continuity, crisis, and recovery plans, as well as comprehensive mapping and documentation of the business's ICT assets (information and communication technology)."

FI therefore requires companies to address their shortcomings.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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