Central bankers warn of systemic cyber risk

AML supervision at central banks: 2022 survey

Central bankers warn that cyber risk could become a systemic issue for the financial sector.

Cyber risk is “one of the most pressing, if not the most pressing concern confronting our financial system right now,” an official from a central bank in Asia said at the Central Banking Summer Meetings today (June 14). “It is a source of systemic risk if not properly managed.” 

The person, who oversees technology risk and supervision, said threats are emanating from state sponsored actors and

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