Criminals have moved to cyberspace and this is a threat to banks and customers. Banks are exposed to a range of threats such as DDoS, crimeware, phishing, smishing, fake "support calls" and traditional attempts at infrastructure hacking via the internet.
As banks increase security and consumers use safer systems, criminals are forced to improve their approach for snapping up personal data such as MitID, card and account information.
The financial infrastructure in Denmark operates on several shared systems, in which financial and mortgage institutions are connected across the sector via data processing centres and payment and settlement systems. This structure involves interdependence and requires each participant to take responsibility for handling transverse risks in a secure and effective manner. There can be huge common consequences for the sector if there is a cybersecurity breach, which is a real threat to overall financial stability.