From left: Karmendra Kohlin and Seemanta Patnaik, SecurEyes
Cyber security is a growing problem for financial service providers and supervisors alike. Central banks participating in the Risk Management Benchmarks 2022 cited cyber security as both the biggest rising risk last year and the most concerning risk overall – perhaps not surprising given the cost of cyber fraud worldwide is estimated in the multiples of billions of US dollars.
Central banks and supervisors need to address threats to the financial institutions and market infrastructures they
