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An important comment from the president of the European Central Bank (ECB), Christine Lagarde. Who has raised the concern of the impact of a cyber-attacks on market liquidity. Should a well orchestrated attack be aimed at major financial institutions. Which is no longer a distant possibility.
She cites an example of a cyber-attack, which destroys or encrypts financial statements, causing a liquidity crisis, ‘it would be foolhardy to take that for granted’. As there is already president set for such attacks in other sectors.
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