Cybersecurity Threats in Finance Industry in Croatia Pose Growing Concern

Croatia’s National CERT (Computer Emergency Response Team) has reported a significant surge in cyber security incidents affecting the country’s finance sector, resulting in numerous breaches and financial losses. The National CERT received over 500 reports of cyber security incidents last year alone, with nearly half related to the banking and financial services sectors.

National CERT: A Key Player in Cybersecurity

The National CERT is responsible for handling cyber security incidents that affect parties operating within Croatia, including those in the .hr domain or Croatian IP address range. Established in 2007, the department serves as a national body dedicated to preventing and protecting against cyber threats to public information systems in Croatia.

Proactive Measures to Combat Cyber Threats

In addition to monitoring and responding to cyber security incidents, the National CERT also provides proactive measures to prevent such attacks, including:

• Security recommendations
• Monitoring of cybersecurity technologies
• Dissemination of information on best practices for protecting against cyber threats

The department engages in awareness campaigns and education initiatives to promote the importance of cybersecurity among the general public.

Finance Sector Remains a Prime Target

Despite these efforts, the finance sector remains a prime target for cybercriminals, with many attacks aimed at stealing sensitive financial data or disrupting critical infrastructure. Industry experts warn that the lack of robust cybersecurity measures in place can leave financial institutions vulnerable to attack, resulting in significant losses and reputational damage.

Collaboration and Information Sharing

To combat this growing threat, the National CERT is working closely with other government agencies and private sector organizations to share information and coordinate responses to cyber security incidents. The department has also developed a national cybersecurity incident taxonomy to help categorize and prioritize such incidents, allowing for more effective response and mitigation strategies.

Conclusion

The recent surge in cyber security incidents affecting Croatia’s finance sector highlights the urgent need for robust cybersecurity measures and effective incident response strategies. As the threat landscape continues to evolve, it is essential that all stakeholders work together to protect against these threats and prevent financial losses.