Covid-19 and cyber risk in the financial sector

Iñaki Aldasoro, Jon Frost, Leonardo Gambacorta and David Whyte

No 37, BIS Bulletins from Bank for International Settlements

Abstract: The financial sector has been hit by hackers relatively more often than other sectors during the Covid-19 pandemic. While this has not yet led to significant disruptions or a systemic impact, there are substantial risks from cyber attacks for financial institutions, their staff and their customers going forward. Financial authorities are working to mitigate cyber risks, including through international cooperation.

Pages: 9 pages
Date: 2021-01-14
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