Cyber security
Cyber security risks rose most in the past year
Operational and market risks also increased
Reputational risk tops central bank concerns
Cyber security and credit/counterparty risk followed
A future-proof RTGS blueprint
Operating hours, access and data standards should all be considered by central banks contemplating an RTGS overhaul
Podcast: Dominik Weh on why central banks need to embrace technology
Central banks need to keep abreast of the current technology or risk being left behind
RBNZ seeks greater collaboration on cyber incidents
New response team was established following September cyber attack
UAE central bank announces new cyber security centre
Gulf state saw huge increase in cyber attacks in 2020
Financial Stability Benchmarks 2021 report – keeping the sector secure
Benchmark exercise presents responses on AML/CFT, cyber, macro-prudential and other risks
Swedish central bank may join Eurosystem payments platforms
Sveriges Riksbank says Target2 and T2S could enhance policy but has security concerns
Cyber security exercises useful, say benchmark participants
Over half of participants simulate cyber attacks – a quarter do so more than once a year
Cyber attacks rising, most benchmark institutions say
Financial sector hacking attacks rose in past two years
RBNZ served ‘compliance notice’ after cyber attack
Privacy commissioner concerned by possible “systemic weakness” in central bank’s cyber defences
Viruses of a different kind: bolstering central bank IT frameworks
Remote working on a large scale had never been done before, but central banks appear to have successfully adapted IT and cyber frameworks
Half of central banks surveyed experienced RTGS outages last year
Most reported operating one contingency site
Report finds major failings in eurozone’s RTGS management
ECB-commissioned Deloitte inquiry into system failures recommends series of reforms
Colombian central bank joins DLT bond issuance pilot
Technology could cut costs and offer faster processing, traceability, security and risk management
Bundesbank warns about digital challenges for German banks
Report stresses the importance of reinforcing cyber security processes
Riksbank warns about e-krona fraudsters
Swedish central bank points to false online information claiming it is selling e-kronor
Swiss central bank and stock exchange to launch new network
Communications system based on Scion technology aims to increase cyber security
ECB launches digital euro project
Central bank supports European Commission plan for e-identity rollout across the eurozone
Danish central bank denies suffering breach in SolarWinds hack
Media reports claimed central bank had been exposed for seven months
RBA cancels market operations due to outage
Issue at third-party provider impacted central bank and several commercial banks
RBA should improve RTGS risk management – internal report
Australian central bank’s payments division says it is concentrating on upgrading cyber resilience
BIS opens Nordic innovation hub
Stockholm office is fifth in hub programme and involves four of the region’s central banks
The winners of the 2021 FinTech RegTech Global Awards
Fourth annual tech awards recognise excellence among central banks and the firms they work with