Cyber risk has emerged as a key threat to financial stability, following recent attacks on financial institutions. This paper presents a novel documentation of cyber risk around the world for financial institutions by analyzing the different types of cyber incidents (data breaches, fraud and...

Cyber risk has emerged as a key threat to financial stability, following recent attacks on financial institutions. This paper presents a novel documentation of cyber risk around the world for financial institutions by analyzing the different types of cyber incidents (data breaches, fraud and...

Cyber risk has emerged as a major concern for the financial services sector. In this article, we outline the main channels through which cyber risk can affect a financial institution, and provide some insights based on recent cyberattacks. We also outline a framework that can be used to estimate...

Cyber threats continue to pose significant risks to financial stability in the EU and beyond. The persistently heightened cyber threat environment in Europe is evidenced by the sabotage of undersea telecommunications cables, the disruptions to systems in large banks and third-party providers,...

Cyber threats designed to disrupt or deny service for the small body of systemically important financial institutions that intermediate global commerce and banking create a special universe of concerns. The financial markets sector is broad, encompassing conventional depository banks,...