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Cyber security is key

Image of a computer screen.

Digitalisation is affecting every aspect of banking, and in a digital world. Stability and reliability of the bank’s IT platform is crucial. Interruptions or any kind of breaches into the systems can cause major problems, both for customers, suppliers and employees. 

SEB works in a structured way to protect the bank from cyber-attacks, sabotage, intrusion attempts, crime money laundering attempts, and financing of terrorism. We work at various levels with the aim to increase the bank’s resilience against cyber threats. Our ambition is to be in tune with existing threats and in line with regulatory requirements. We have moved from being reactive and monitoring our internal IT environments and preventing attacks, into proactively building knowledge about potential threats, existing in other markets and taking a holistic perspective on security issues.

Cyber crime and ID theft

Cyber crime can be described as criminal activity that involves the Internet, a computer system, or computer technology. Examples include computer viruses, phishing, vishing and identity theft.

Financial institutions are a prime target, even though a shift has been seen toward online merchants, as security efforts within the financial sector have had a deterrent effect on cyber criminals’ ambitions.