Mondo Visione Worldwide Financial Markets Intelligence

FTSE Mondo Visione Exchanges Index:

BIS: Covid-19 And Cyber Risk In The Financial Sector

Date 14/01/2021

BIS Bulletin  |  No 37  |  
14 January 2021
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  |  9 pages

Key takeaways

  • 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.