Introductory remarks by Piero Cipollone, Member of the Executive Board of the ECB, at the tenth meeting of the Euro Cyber Resilience Board for pan-European Financial Infrastructures

Frankfurt am Main, 21 November 2024

As any good sports coach will tell you, you need to deploy different defensive tactics against different teams. As an example, let me talk about a couple of different opponents you may face in the world of football.

You may have to play a team that uses the high-press approach – or gegenpressing – as popularised by Jürgen Klopp’s Borussia Dortmund. This team aggressively chases after your defenders, hoping to force a mistake and win the ball off you as quickly as possible. Or you could play against a more counter-attacking team such as José Mourinho’s Inter Milan. They will patiently sit back and let you play and, when the moment is right, use their quick forwards to surprise you with a break-away goal.

I will argue that what we face today in the world of…