The target is the bank: From hacking to cybercrime to cyberespionage
Critical infrastructure consists of systems and assets, whether physical or virtual, so vital to a country, that the incapacity or destruction of such systems and assets would have a debilitating impact on security, national economic security, national public health or safety, or any combination of those matters.
The globally-interconnected digital information and communications infrastructure known as “cyberspace” underpins almost every facet of modern society and provides critical support for the economy. Yet, cybersecurity risks pose some of the most serious economic and national security challenges of the 21st century.
The digital infrastructure’s architecture was driven more by considerations of interoperability and efficiency than of security. The cyber threat to the financial sector continues to grow and represents one of the most serious financial and national security challenges banks and countries confront.
Cyber risks, like reputational and financial risks, affect a bank’s bottom line. Beyond the impact to an individual bank, cyber risks have far-reaching economic and national security consequences.
It is important to ensure that banks maintain a cyber environment that encourages efficiency, innovation, economic prosperity, business confidentiality and privacy.
To learn more: www.cyber-risk-gmbh.com/Cyber_Risk_GmbH_Catalog_2019.pdf