Thursday, September 7, 2017

Cyber-attacks are growing rapidly in number, scope and sophistication and the financial sector has long been the largest target. This staff paper analyzes the relationship between cyber-attacks and overall financial stability of the financial sector, including transmission channels and different types of scenarios where cyber-attacks, and other incidents, could have systemic repercussions.

These scenarios include attacks on financial market infrastructures; corruption of data; failure of wider infrastructure; and loss of confidence in the system.

The paper also presents an overview of what measures financial institutions and the public sector are already undertaking, and what more could be done to identify, address and mitigate threats to overall financial stability.

IIF Authors

Martin Boer

Martin Boer Director Regulatory Affairs IIF
Director, Regulatory Affairs

Jaime Vazquez

Policy Advisor