QOTD - Bank of England's Haldane on Cyber Risks

The focus on credit, market and liquidity risk over the past 5 years may have distracted attention from operational, and in particular cyber risks, among financial institutions and infrastructures. This is a rapidly rising area of risk with potentially systemic implications. It calls for a system-wide response.
--Andrew Haldane, Director of Financial Stability for the Bank of England

Src: www.bankofengland.co.uk/publications/Documents/other/treasurycommittee/appoint/haldane_jun13.pdf

No comments: