The Bundesbank is hit every day by a large number of digital attacks.
“On the Bundesbank’s IT systems alone, we experience more than 5,000 cyber‑attacks every minute” President Joachim Nagel told the Tagesspiegel. Extrapolated to a year, that amounts to about two and a half billion incidents that bounce off the Federal Bank’s firewall. “It’s a constant race”.
Nagel explained that the Bundesbank has implemented a wide range of protective measures to make its IT landscape as secure as possible. “It starts with staff who have undergone security checks and extends through secured IT systems, cyber‑defense, and business‑continuity management”. Consequently, the Bundesbank has become an IT‑service provider of sorts, working with other central banks to support the entire euro system.
Despite these precautions, the Bundesbank cannot give an absolute guarantee of safety. “No one can promise that nothing will ever happen” Nagel said. “But we uphold the highest security standards”.
