Financial Sector: Number of Cyber Incidents Has Doubled
The number of cyber incidents within the Czech financial sector doubled year-on-year. In 2021,
the NÚKIB recorded only four incidents; last year, eight incidents were recorded. Three incidents
fall into the significant incidents category. Survey shows that more than half of financial sector
respondents experienced more than five cyberattack attempts during 2022; however, most
of these attempts did not result in a cyber incident. At the same time, more than half of
respondents in financial institutions reported that their organization had increased the budget
allocated to cybersecurity year-over-year, which, indicates a willingness to continuously invest
in this area and thus improve the level of their cybersecurity (see Graph 20).
70%
60%
61
56
2020
46
50%
40%
35
39
2021
2022
38
30%
20%
10%
13
4
0%
Increased
Remained the same
Decreased
0
3
0
6
Do not know
Graph 20: H
ow Has your Organization’s 2022 Cybersecurity Budget Changed from the Previous
Year? (Comparison of 2020–2022 in %)
In addition to the increase of incidents described above, there was also a year-on-year increase
in cyberattacks or other various forms of internet fraud against clients of financial institutions.
According to the Czech Banking Association data, cyberattacks against clients of Czech banks
more than doubled, with vishing identified as the primary threat.5 During 2022, the NÚKIB
issued several warnings related to vishing and other fraudulent campaigns using cyber tools.6
In response to this issue, the Czech Banking Association, in cooperation with the NÚKIB and
other partners, prepared the #nePINDej awareness campaign. The campaign is available on
the Kybertest.cz website and aims to increase the resilience of Czech citizens towards the most
common types of fraud associated with internet banking.
Czech Banking Association. 2022. The number of cyberattacks grows dramatically and they are still more sophisticated.
On that ground ČBA launches a nation-wide educational campaign #nePINdej!. https://cbaonline.cz/kybertest-2022
6
NÚKIB. 2022. Threats and vulnerabilities. https://www.nukib.cz/cs/infoservis/hrozby/#1
5
24