If a provider is hacked or compromised with malicious software this opens up the likelihood that the firm’s data or systems will also be exposed. Many large high profile firms have been successfully attacked this way.
I am not alone, as this is also the indication given by many of my colleagues in the ECB Board and Governing Council. Anneli, Ladies and Gentlemen, The growth outlook also affects the outlook for financial stability. Direct exposures of European financial institutions and investors to Russia are small and had already diminished after the annexation of Crimea in 2014.