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Covid-19 and cyber risk in the financial sector

Author

Listed:
  • Iñaki Aldasoro
  • Jon Frost
  • Leonardo Gambacorta
  • David Whyte

Abstract

The financial sector has been hit by hackers relatively more often than other sectors during the Covid-19 pandemic. While this has not yet led to significant disruptions or a systemic impact, there are substantial risks from cyber attacks for financial institutions, their staff and their customers going forward. Financial authorities are working to mitigate cyber risks, including through international cooperation.

Suggested Citation

  • Iñaki Aldasoro & Jon Frost & Leonardo Gambacorta & David Whyte, 2021. "Covid-19 and cyber risk in the financial sector," BIS Bulletins 37, Bank for International Settlements.
    • Handle: RePEc:bis:bisblt:37
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