The European Central Bank (ECB) is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge of the matter said, as the region braces for the financial fallout of any conflict, according to Reuters.
The stand-off between Russia and Ukraine has rattled Europe‘s political and business leaders, who fear an invasion that would inflict damage on the entire region.
Earlier this week, French President Emmanuel Macron shuttled from Moscow to Kyiv in a bid to act as a mediator after Russia massed troops near Ukraine.
The United States, the European Union and Britain have repeatedly warned Putin against attacking Ukraine after Russia deployed around 100,000 troops near the border with its former Soviet neighbor.
Britain’s National Cyber Security Centre warned large organizations to bolster their cyber security resilience amid the deepening tensions over Ukraine.
On Tuesday, Mark Branson, the head of German supervisor BaFin, told an online conference that cyberwarfare was interconnected with geopolitics and security.