Polish Banking Sector Faces 'New Normal' of Attacks, Needs Deeper Resilience Planning

The Polish banking sector is navigating a "new normal" characterized by persistent cyber threats and economic volatility, demonstrating a robust capacity to withstand daily attacks. However, experts emphasize that this resilience is just the beginning, and the sector must look ahead to build even greater strength for the future.

"We should reach further," stated an expert, highlighting the need for increased investment in analyzing potential positive and negative scenarios. While banks have historically focused on safeguarding customer assets, the current landscape demands a broader approach. This includes developing comprehensive strategies to ensure the security of entire organizations, a concept that requires significant further effort.

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We should reach further.

Contingency planning must evolve to address more extreme possibilities, such as widespread blackouts or coordinated cyberattacks that could cripple infrastructure. The ability to recover and continue operations in such circumstances is paramount. While some sectors, like telecommunications, estimate recovery times of up to two weeks after a major disruption, the financial sector's readiness varies significantly.

"This is an area where Polish banking should do its homework," the expert noted, underscoring the importance of developing and rigorously testing business continuity plans. The integration of new technologies, including artificial intelligence (AI), presents both opportunities and challenges. While AI can enhance customer service, the core concern for resilience remains the ability to secure and operationalize data in alternative locations, a fundamental aspect that requires careful consideration as the sector advances.

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This is an area where Polish banking should do its homework.