Science & Tech · Cybersecurity · 1 hr ago
Italy's financial sector strengthens coordination against cyber threats
As finance becomes more digital, cyberattacks could disrupt payments and weaken public trust in Italy's financial system.
The European Central Bank and the Bank of Italy have asked banks to assess their exposure to attacks and prepare detailed plans.
Italy relies on Codise to coordinate responses to crises that could threaten financial services and infrastructure; the Bank of Italy chairs the body, which was set up in 2003.
A cable break in Switzerland in late 2024 disrupted Worldline systems and interrupted card payments at terminals and cash machines in Italy.
CertFin brings public bodies and financial firms together to prevent and manage cyber threats, with the Bank of Italy and the Italian Banking Association as chairs and 80 industry operators involved.
It shares information and helps affected organisations analyse incidents and coordinate with other members, which can help limit wider disruption.
The bodies also run exercises and develop resilience scenarios, but no specific next step is announced.
Italy’s financial sector relies on Codise and CertFin to coordinate responses to crises and cyber threats.
Cyberattacks could disrupt or halt payment systems and undermine public confidence, the article says.
Codise, chaired by the Bank of Italy, coordinates information-sharing and measures to protect the continuity of the financial system.
CertFin is a public-private partnership focused on preventing and managing cyber threats, and supports affected organisations during incidents.
The European Central Bank and the Bank of Italy have also asked financial institutions to report their exposure to cyber risks and provide plans.
- Who
- Codise and CertFin coordinate responses to crises and cyber threats in Italy’s financial sector.
- What
- The bodies help the sector prepare for and respond to operational and cyber incidents.
- When
- The article was published on November 8, 2026. Codise was established in 2003.
- Where
- Italy’s financial sector.
- Why
- Cyber incidents could disrupt payment systems, affect financial infrastructure and undermine public confidence.
This story does not have two clearly opposing sides.
Codise was established.
A broken cable in Switzerland disrupted Worldline systems and caused card-payment interruptions in Italy at point-of-sale terminals and bank ATMs.
The European Central Bank asked banks to report their exposure to cyberattack risks and provide detailed plans by the end of that month.
The Bank of Italy set a deadline for smaller banks and other operators to report their exposure and plans.
- Codise
- Established in 2003 and chaired by the Bank of Italy
- CertFin
- Chaired by the Bank of Italy and the Italian Banking Association
- CertFin membership
- Includes 80 financial-sector operators
- Payment disruption
- A broken cable in Switzerland affected Worldline systems in late 2024
- Bank of Italy deadline
- End of the year for smaller banks and other operators
What people are saying
promoting the sharing of information, knowledge and operational experience
supports the technical and organisational structures of the organisation involved, providing assistance with analysis, facilitating coordination among the parties concerned and, where necessary, promoting the timely exchange of information with other members to prevent possible systemic impacts