IDEAS home Printed from https://ideas.repec.org/h/spr/fuobcp/978-3-031-58002-4_5.html

CBDC Security

In: Web3 Applications Security and New Security Landscape

Author

Listed:
  • Zhijun William Zhang

    (Bank for International Settlements Innovation Hub)

Abstract

Central bank digital currencies (CBDCs) are emerging as a major player in digital payments as well as digital finance in general. As a new financial instrument offered by a central bank, a CBDC can be quite complex and require the central bank to collaborate with a large number of market participants, thus introducing a large attack surface. To secure its CBDC, a central bank not only needs to secure the core CBDC design and its supporting infrastructure managed by the central bank but also take a leadership role in ensuring a secure ecosystem. In addition, the use of novel technologies such as blockchain and smart contract could introduce security threats that are new to the central bank and other participants, which would require special attention. In addition, CBDCs bring about new ways for financial crimes and could pose a threat to data privacy of CBDC users. These risks must be recognized during the CBDC design, with countermeasures established along the lines of people, process, and technology.

Suggested Citation

Handle: RePEc:spr:fuobcp:978-3-031-58002-4_5
DOI: 10.1007/978-3-031-58002-4_5
as

Download full text from publisher

To our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a
for a similarly titled item that would be available.

More about this item

Keywords

;
;
;
;
;
;

Statistics

Access and download statistics

Corrections

All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:fuobcp:978-3-031-58002-4_5. See general information about how to correct material in RePEc.

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

We have no bibliographic references for this item. You can help adding them by using this form .

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

Please note that corrections may take a couple of weeks to filter through the various RePEc services.

IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.