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Landsbankinn member of Nordic collaboration to boost cyber security

Landsbankinn has joined Nordic Financial CERT, a collaborative platform by Nordic financial undertakings that aims to strengthen cyber security and combat cybercrime.

Nordic Financial CERT was established by three Nordic banks in April of 2017; Nordea in Sweden, DnB in Norway and Danske Bank in Denmark. Numerous banks and insurance companies have since joined, including Finnish institutions, and, in November, Landsbankinn became the first Icelandic financial undertaking to join. Members of the group share relevant data on various attempts to commit online fraud and information on how to combat cybercrime.

Arinbjörn Ólafsson, Managing Director of Landsbankinn IT: "Collaborating with other Nordic financial undertakings through Nordic Financial CERT gives us access to valuable knowledge and experience in the fight against cybercrime and allows us to communicate our own experiences and knowledge. Cybercrime grows ever more advanced, as does the need for financial undertakings to collaborate in the fight against them. Our hope is that the collaboration will serve to boost security in banking."

Hákon Lennart Aakerlund, IT Security Manager with Landsbankinn: "Cyber fraud and crime has been a growing concern in the past years. On a day to day basis, agility is our greatest defence, the ability to respond promptly to attempts at fraud and other risks. The collaboration that occurs through Nordic Financial Cert is both robust and agile. This is an important international collaborative platform which has already proven its worth."

Accessible review of measures to prevent cybercrime

Umræðan, Landsbankinn's content and news site, has published an easily accessible review of cyber security and advice on how to recognise and prevent online fraud. Articles on Umræðan focus on such topics as increasing security in online commerce, the importance of secure passwords and the fraudulent methods criminals employ in emails.

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Vikubyrjun/Weekly bulletin - 12 March 2018 10:42 AM

Icelandic Economic Weekly: Monday 12 March 2018

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