Marcus Murray has spent more than two decades probing the weak points of financial institutions. As the founder of Truesec, one of Sweden’s biggest cybersecurity firms, he has helped banks across Northern Europe protect themselves against intruders.
Increasingly, though, clients are concerned about a different type of threat — state actors not trying to steal or extort money, but simply to cause chaos by shutting down banking systems or eroding trust in their operations.
Across the Nordic and Baltic countries, governments are more and more concerned about Russian "hybrid war” attacks — low-level but highly disruptive tactics that disrupt infrastructure and services, or lead to panic and confusion in societies. Sabotage and cyberattacks linked to Russia and other hostile states have targeted private companies in Europe. Banks, in particular, are being told that they’re in the firing line.
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