The ECB and cyber resilience

Question 1

What does &#x27;&#x27;cyber resilience&#x27;&#x27; mean?

Accepted Answer

The ability to protect electronic data and systems from cyberattacks

Question 2

Why is it important that the financial industry protects itself against cyberattacks?

Accepted Answer

Cyberattacks can threaten the financial system as a whole, It relies heavily on digital technology

Question 3

What can happen to a bank that gets hacked?

Accepted Answer

All answers are correct, Service outages, Financial losses, Reputational damage

Question 4

The ECB works alone to combat cyberattacks.

Accepted Answer

False

Question 5

Which institutions are working closely with the ECB to increase cyber resilience?

Accepted Answer

Other EU institutions, EU national central banks, National cybersecurity authorities in Europe

Question 6

Cyberattacks are a risk that affects everyone.

Accepted Answer

True

Question 7

To improve cyber resilience in finance, the ECB established a European framework for ...

Accepted Answer

Ethical hacking

Questions 7