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The European Central Bank will conduct cyber stress for top banks across the region to determine their resilience against cyberattacks.
The regulator will invest “significant amount of time and resources” in the process, which is set to be completed by mid-2024. It will check for banks’ ability to respond to and recover from cyberattacks, ECB’s top official for oversight, Andrea Enria, said in an interview with Lithuanian journalist Naglis Navakas.
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