Nordic banks, including IBOS member Nordea, collaborate on fighting cyber crime, which is a growing problem in the Nordics and the rest of the world.
Banks and their customers are vulnerable to the threats of theft, hacking, fraud and other cyber crimes. A new collaboration forum, the Nordic Financial CERT, which is based on the existing Norwegian platform, FinansCERT, is taking a new approach. Danske Bank, Nordea, DNB, Sparebank 1 and Eika Group, among other Nordic banks, will share relevant data to combat cyber crime, which has become more innovative, aggressive and organised in recent years.
The Nordic Financial CERT aims to fortify the Nordic community in the face of cyber risks to customer assets and to provide a safety net for all financial institutions, big and small. It envisions a Nordic community in which the financial sector actionably and in an agile way identifies, defends against and combats cyber risks.
Torsten Hagen Jørgensen, COO of Nordea, commented:
“Our customers are the reason why we exist, and we consider it our social responsibility to strengthen the collaboration with other Nordic financial institutions to become more effective in the creation of a safe and protected environment.”
The collaboration will enable the banks to gather the best knowledge available about fighting cyber crime in the Nordic financial sector, and it will have a number of synergy effects that will improve both the customers’ and the banks’ security.
Access the full press release, via Nordea Bank, here.