Modern banking depends on digital trust. Digitalisation is transforming every aspect of banking, making services faster, more accessible and more efficient. It also makes the stability and reliability of the bank’s IT platform crucial.
Interruptions or breaches in these systems can have significant consequences for customers, suppliers and employees alike. They can also affect trust in the financial system more broadly.
We take a structured approach to safeguarding the bank against cyber-attacks, sabotage, intrusion attempts, money laundering and the financing of terrorism. Our work spans multiple levels, aiming to strengthen the bank’s resilience against cyber threats.
Our ambition is to stay aligned with evolving threats and regulatory requirements.
Over time, we have transitioned from being reactive, monitoring internal IT environments and preventing attacks, to taking a proactive approach. This involves building knowledge of potential threats in other markets and adopting a holistic perspective on security.
Cyber crime refers to criminal activities involving the internet, computer systems or related technology. Common examples include computer viruses, phishing, vishing and identity theft.
Financial institutions are a primary target for cyber criminals. However, enhanced security measures within the financial sector have acted as a deterrent, leading to a noticeable shift in focus toward online merchants.
Money laundering is the illegal process of criminals trying to make funds made from unlawful activity seem to have been generated from a legitimate source. This poses a threat not just to banks and the entire financial system but also to democracy and society as a whole.
Awareness among employees is key in our efforts to prevent crime. Our employees are essential to detect irregularities – be it with the help of computer systems or through interaction with people.
The Swedish Anti-Money Laundering Intelligence Task Force (SAMLIT) is a unique collaboration between Swedish banks and the police, aimed at enhancing the overall ability to combat money laundering and related crime.
