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Central banks security an uncomfortable unknown as cyberattacks increase

September 14, 2022Ken Showers, Managing Editor

YARMOUTH, Maine – As data breach becomes a daily occurrence across every connected industry, experts look nervously to central bank financial institutions for potential damage to international finance. On September 14 the Bank for International Settlements (BIS) produced a working paper titled “Cyber risk in central banking” that examines the readiness and stance of those institutions as cyber crime grows. “While there have been several studies and surveys on cyber threats...

Bank for International Settlements (BIS), Central banks, cyberattacks, data breach, phishing, supply chain attacks