1. Cyber Mapping the Financial System
- Author:
- Jan-Philipp Brauchle, Matthias Göbel, Jens Seiler, and Christoph Von Busekist
- Publication Date:
- 04-2020
- Content Type:
- Working Paper
- Institution:
- Carnegie Endowment for International Peace
- Abstract:
- Cyber risks present a growing threat for individual agents in the financial system: banks, insurers, central counterparties, and the like. However, cyber events may also have the potential to destabilize the financial system as a whole. While dedicated microprudential regulatory and supervisory regimes are in place or are being developed to manage cyber risks especially at credit institutions, what is lacking is a systemic view of cyber risks that particularly sheds light on concentrations and contagion channels that are material to the financial system.
- Topic:
- Science and Technology, Finance, Networks, Risk, and Financial Institutions
- Political Geography:
- Global Focus