Cyber and fintech risk policies rejigged in a few central banks
Departmental structure varies across jurisdictions
Only a few central banks updated their cyber security and fintech risk policies in the past year, the Risk Management Benchmarks 2024 reveal.
The policies were updated in just a quarter of (25.8%) of 31 central banks. Of the 23 (74.2%) jurisdictions where no changes were made, three say they have plans to make changes in the future.
Central Banking also asked how many respondents operate a joint cyber security-fintech risk unit. Twenty-one out of 33 respondents (63.6%) answered in the
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