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Cyber security continues to top risk managers’ concerns as the fastest-growing risk for central banks worldwide.
According to the Risk Management Benchmarks 2023, close to 43% of participating institutions placed cyber security as the risk that rose the most over the previous year. This coincides with the response central banks provided in the 2022 benchmarks.
In total, around three quarters of participating central banks identified cyber security as one of their top three risk management
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Overall, close to 39% of institutions place cyber as their top concern, 20% select reputational factors
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Cyber security remains most pressing risk for central banks – Central Banking
