1. Homepage
  2. Equities
  3. Germany
  4. Xetra
  5. Multitude SE
  6. News
  7. Summary
    FRU   FI4000106299

MULTITUDE SE

(FRU)
  Report
Delayed Xetra  -  05/20 11:35:49 am EDT
3.260 EUR   +1.56%
05/12Multitude SE publishes Q1 2022 results
GL
05/12Multitude SE publishes Q1 2022 results
EQ
05/12Multitude SE publishes Q1 2022 results
AQ
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Exclusive-IMF, 10 countries simulate cyberattack on global financial system

12/09/2021 | 11:31am EDT
IMF, the World Bank and 10 countries take part in a simulation of a cyber attack on global financial system

JERUSALEM (Reuters) - Israel on Thursday led a 10-country simulation of a major cyberattack on the global financial system in an attempt to increase cooperation that could help to minimise any potential damage to financial markets and banks.

The simulated "war game", as Israel's Finance Ministry called it and planned over the past year, evolved over 10 days, with sensitive data emerging on the Dark Web. The simulation also used fake news reports that in the scenario caused chaos in global markets and a run on banks.

The simulation -- likely caused by what officials called "sophisticated" players -- featured several types of attacks that impacted global foreign exchange and bond markets, liquidity, integrity of data and transactions between importers and exporters.

"These events are creating havoc in the financial markets," said a narrator of a film shown to the participants as part of the simulation and seen by Reuters.

Israeli government officials said that such threats are possible in the wake of the many high-profile cyberattacks on large companies, and that the only way to contain any damage is through global cooperation since current cyber security is not always strong enough.

"Attackers are 10 steps ahead of the defender," Micha Weis, financial cyber manager at Israel's Finance Ministry, told Reuters.

Participants in the initiative, called "Collective Strength", included treasury officials from Israel, the United States, the United Kingdom, United Arab Emirates, Austria, Switzerland, Germany, Italy, the Netherlands and Thailand, as well as representatives from the International Monetary Fund, World Bank and Bank of International Settlements.

The narrator of the film in the simulation said governments were under pressure to clarify the impact of the attack, which was paralysing the global financial system.

"The banks are appealing for emergency liquidity assistance in a multitude of currencies to put a halt to the chaos as counterparties withdraw their funds and limit access to liquidity, leaving the banks in disarray and ruin," the narrator said.

The participants discussed multilateral policies to respond to the crisis, including a coordinated bank holiday, debt repayment grace periods, SWAP/REPO agreements and coordinated delinking from major currencies.

Rahav Shalom-Revivo, head of Israel's financial cyber engagements, said international collaboration between finance ministries and international organizations "is key for the resilience of the financial eco-system."

The simulation was originally scheduled to take place at the Dubai World Expo but it was moved to Jerusalem due to the Omicron variant of COVID-19, with officials participating over video conference.

(Reporting by Steven Scheer; Editing by Jane Merriman and Lisa Shumaker)

By Steven Scheer


© Reuters 2021
All news about MULTITUDE SE
05/12Multitude SE publishes Q1 2022 results
GL
05/12Multitude SE publishes Q1 2022 results
EQ
05/12Multitude SE publishes Q1 2022 results
AQ
04/29MULTITUDE SE : Multitude SE's Board of Directors elects Chairman and Vice Chairman and Dec..
GL
04/29MULTITUDE SE : Multitude SE's Board of Directors elects Chairman and Vice Chairman and Dec..
EQ
04/29MULTITUDE SE : Multitude SE's Board of Directors elects Chairman and Vice Chairman and Dec..
AQ
04/29Multitude SE Announces Board Elections
CI
04/27MULTITUDE SE : Decisions of the Annual General Meeting of Shareholders of Multitude SE
EQ
04/27MULTITUDE SE : Decisions of the Annual General Meeting of Shareholders of Multitude SE
AQ
04/27Multitude SE Approves Board Appointments
CI
More news
Analyst Recommendations on MULTITUDE SE
More recommendations
Financials
Sales 2022 271 M 286 M 286 M
Net income 2022 8,90 M 9,39 M 9,39 M
Net cash 2022 71,9 M 75,9 M 75,9 M
P/E ratio 2022 7,95x
Yield 2022 1,29%
Capitalization 70,3 M 74,2 M 74,2 M
EV / Sales 2022 -0,01x
EV / Sales 2023 -0,19x
Nbr of Employees 650
Free-Float 41,3%
Chart MULTITUDE SE
Duration : Period :
Multitude SE Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MULTITUDE SE
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 3,26 €
Average target price 9,70 €
Spread / Average Target 198%
EPS Revisions
Managers and Directors
Jorma Olavi Jokela Vice Chairman & Chief Executive Officer
Bernd Egger Chief Financial Officer
Frederik Strange Chairman
Ari Tiukkanen Chief Operations & Technology Officer
Lea Liigus Executive Director, Head-Legal & Compliance
Sector and Competitors
1st jan.Capi. (M$)
MULTITUDE SE-14.88%74
BAJAJ FINANCE LIMITED-17.21%44 787
ORIX CORPORATION-1.38%21 607
SYNCHRONY FINANCIAL-30.03%16 278
SOFI TECHNOLOGIES, INC.-52.62%6 860
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED24.03%6 812