Regulator concerned about cyber incidents: banks also a target soon

Recent cyber incidents, including hacks at supermarkets and financial institutions, raise concerns about future attacks on banks. The AFM warns that cyber threats are becoming more sophisticated, partly due to advancements in AI. Financial institutions are primary targets due to their central role and high digitalization. The AFM emphasizes the need for companies to prepare for cyber incidents and suggests diversifying risks, including keeping cash on hand and having multiple bank accounts.