The head of risk at a monetary authority in Asia told the Central Banking Meetings, Kuala Lumpur on April 1 that cyber incidents at supervised financial institutions “often start when there is human error”. 

However, when the threat comes from an insider, this creates additional challenges. “Many times we focus on the outsiders, we focus on the controls, the systems,” an audience member from a central bank in Africa said. “But if we don’t deal with the insider threat, then collusion and related