Bundesbank President warns of 5,000 cyberattacks per minute

The Deutsche Bundesbank, represented by President Joachim Nagel, announced that its IT systems repel more than 5,000 cyberattacks every minute, that it is well-equipped to supply cash during crises, and that the digital euro will be supported by three major data centers in France, Italy and Germany.

• Main announcement: The Bundesbank states it repels >5,000 cyberattacks per minute (about 2.5 billion per year), maintains nationwide cash supply via branches covering a 75-kilometre radius with emergency power generators, employs >100 staff in large branches and ~40 in smaller ones, conducts scenario-based crisis management exercises, keeps a satellite phone for outages, and supports a digital euro capable of offline payments. The bank also announced three major data centers for the digital euro to be located in France, Italy and Germany.
• Background & policy details: The interview references the March fiscal package (urged to be spent on infrastructure and digitalisation), Bundesbank recommendations to reform the debt brake with a consolidation phase starting in 2030, and commentary on international issues including US tariffs, China’s industrial policy, Mercosur, and the importance of central bank independence (references to Jerome Powell and the historical Bank deutscher Länder).