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Asharq Al-Awsat
Asharq Al-Awsat
Technology
Asharq Al-Awsat

Germany Issues Fresh Warning to Banks of Cyber Attacks Due to Ukraine War

BaFin Ukraine Germany Flood
The logo of Germany's Federal Financial Supervisory Authority BaFin (Bundesanstalt fuer Finanzdienstleistungsaufsicht) is pictured outside an office building of the BaFin in Bonn, Germany, April 15, 2019. (Reuters)

The German financial regulator BaFin issued a fresh cyber security warning on Tuesday to the nation's financial sector due to the war in Ukraine following a recent increase in cyber attacks.

BaFin has repeatedly warned about cyber attacks but Tuesday's security notice marks an escalation of its concerns.

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