Cyber security
Fewer central banks have a centralised risk unit
Share of institutions deploying this structure falls from 66% to 48.5%
CPMI and Iosco raise ‘serious’ concern over cyber security flaw
Global bodies say several FMIs have vulnerabilities in their cyber security
Central Bank of Azerbaijan ramps up cyber security
Division head points to AI’s potential as additional safeguard
Gambia’s central bank hacked
Server compromised but ‘mission-critical’ systems operational
BoE simulates ‘major operational disruption’ to UK firms
Central bank restarts “Simex” testing of financial sector after pandemic hiatus
BIS tests stablecoins in its first retail CBDC project
Project Aurum with HKMA also explored a token model
The race to adopt ISO 20022 payments messaging
Some do not plan to adopt the protocol, while others are preparing for a disjointed implementation
Hackers target Iran’s central bank website amid protests
Internet blackout reported on September 21
CBDCs require increase in cyber security budget – BIS survey
Central bankers deem financial sector underprepared for cyber attacks
Financial Stability Benchmarks 2022 report – executive summary
Data sheds light on how central banks are dealing with risks to stability
Privacy commissioner closes probe into RBNZ cyber defences
Central bank has “made every change recommended and more” in wake of hacker breach
Ethiopia tells crypto firms to register with cyber security agency
National Bank of Ethiopia had said transactions using crypto are illegal
Malaysian central bank plays down impact of potential data breach
BNM says Malaysia’s payment system remains “safe and secure”
Central banks weighing up CBDC offline alternatives
Institutions are testing ways of allowing digital payments without the internet
Australia rolls out revised cyber testing regime
‘Corie’ programme reflects the scope and long time horizons of state-sponsored hackers
Iran imposes restrictions on payments
Authorities cite risk of cyber attacks, but economy has also faced capital flight
US targets North Korean crypto hacking
Treasury seeks co-operation to better enforce sanctions on North Korea and Russia
BIS unveils ‘post-quantum cryptography’ project
Innovation Hub centres will also explore climate disclosures and CBDC security
Filipe Dinis on Bank of Canada’s cyber strategy and tackling cyber risks
The Canadian central bank’s chief operating officer calls for heightened vigilance, more collaboration, info sharing and tabletop exercises, and less reliance on similar, siloed systems
Fintech Benchmarks 2022 – presentation
Fintech subject matter specialist Joasia Popowicz speaks about strategy, cyber security, CBDCs and more
Central Banking FinTech RegTech Global Awards 2022
Central Banking’s fifth annual FinTech RegTech Global Awards showcase the ground-breaking projects undertaken within the central banking community
Bangladesh appoints senior civil servant as central bank governor
Abdur Rouf Talukder will take office in July
Bank of Zambia repels cyber attack
‘Hive’ hacker collective fails to steal valuable data and central bank refuses ransom talks
Norges Bank flags rising cyber threats
Study finds payment system is efficient and offers lower costs than neighbouring countries