And that is why cyber threats, no matter how they appear, are high on my agenda – and that is also why they should remain high on yours. My third and final example has to do with credit risk. On March 10th, Silicon Valley Bank went bankrupt – as you all know.
Silicon Valley Bank was one of the go-to banks for fintech businesses on the other side of the Atlantic. If you were not mainly operating here on our side of the Atlantic, you might have worked with Silicon Valley Bank – for instance to deposit your clients' funds.