Swedish regulators fine Swedbank for security shortcomings
The Swedish Financial Supervisory Authority (SFSA) announced today that Swedbank has been fined SEK 12.5 million for violations of the protective security regulation.
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The decision concerns documentation shortcomings in the bank’s protective security analyses.
The SFSA’s audit of Swedbank’s compliance with protective security analysis was initiated in February 2024.
"Swedbank’s protective security is robust. The documentation shortcomings were remedied more than a year ago. The assessment is that these have not affected our protective security," says Jens Henriksson, President and CEO of Swedbank.