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Opportunities and risks of digitalisation in geopolitically difficult times

· Joachim Nagel, President of the Deutsche Bundesbank (Germany)

Summary written by Dark Majestic in its own words · topics: financial stability, trade, fragmentation and geopolitics, development and emerging economies, technology, ai and cyber risk

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· Joachim Nagel Wiki · Deutsche Bundesbank WikiOpportunities and risks of digitalisation in geopolitically difficult times

ContextSpeech at the TARGION Science Award ceremony in Frankfurt; the Bundesbank is Germany's central bank within the euro system and weighs the risks of digitalisation in tense geopolitical times.

Why it mattersThe Bundesbank president warns of state-backed cyberattacks on critical digital infrastructure.

Problems raised
  1. State-backed cyberattacks are rising.
  2. China and Russia are main attack sources.
  3. Digital infrastructure is critical.
Solutions proposed
  1. Recognise digitalisation's opportunities.
  2. Strengthen cyber resilience.
  3. Protect data centres and internet nodes.
Read full speech on bis.org ↗

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