Cyber attacks on financial market infrastructure are rising
Two-thirds report recent increase in attacks, but 80% report good cross-border arrangements
Two-thirds of the respondents to the Financial Stability Benchmarks 2022 have seen an increase in cyber attacks on financial market infrastructure in the past two years.
Sixty-seven per cent, or 21 out of 31, institutions say that they have seen a rise in cyber incidents targeting their jurisdictions’ financial market infrastructure. Four-fifths of respondents (24 out of 30 institutions) also said they are well resourced to deal with potential attacks.
Most of the respondents are not the lead
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