IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-030-66433-6_13.html
   My bibliography  Save this book chapter

Emerging Prudential Approaches to Enhance Banks’ Cyber Resilience

In: The Palgrave Handbook of FinTech and Blockchain

Author

Listed:
  • Juan Carlos Crisanto

    (Bank for International Settlements)

  • Jermy Prenio

    (Bank for International Settlements)

Abstract

Cyber incidents can pose a significant threat to the stability not only of the financial system but also of the global economy. Within the financial sector, banks typically have the most public-facing products and services and could be used as entry points for attacks targeting other parts of the financial system. Strengthening cyber resilience is therefore a key area of attention for banking regulators and supervisors. Regulatory expectations on cybersecurity, which can either be embedded into risk management regulations or established as separate cyber resilience regulations, focus on identification, protection, detection, response and recovery capabilities of banks. In terms of supervision, most supervisors are assessing cybersecurity as part of their ongoing risk-based supervisory activities, while others are complementing these with thematic or specialised supervisory reviews. Regulatory expectations generally inform supervisory reviews but in certain cases, such as in testing cyber resilience, supervisors use specific frameworks or tools.

Suggested Citation

  • Juan Carlos Crisanto & Jermy Prenio, 2021. "Emerging Prudential Approaches to Enhance Banks’ Cyber Resilience," Springer Books, in: Maurizio Pompella & Roman Matousek (ed.), The Palgrave Handbook of FinTech and Blockchain, edition 1, chapter 0, pages 285-306, Springer.
    • Handle: RePEc:spr:sprchp:978-3-030-66433-6_13
    DOI: 10.1007/978-3-030-66433-6_13
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-030-66433-6_13. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.