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Mexico: Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability

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  • International Monetary Fund

Abstract

Mexico’s financial system is digitalizing rapidly, increasing exposure to cyber risk. As in other jurisdictions, internet and mobile banking users in Mexico have increased substantially, but cyber incidents have also surged in recent years. The tight interdependencies within its financial system, and beyond, make Mexico vulnerable to evolving cyber threats. Thus, the Financial System Stability Council (CESF) has recognized cyber as a risk with potential to impact financial stability.

Suggested Citation

  • International Monetary Fund, 2022. "Mexico: Financial Sector Assessment Program-Technical Note on Cyber Resilience and Financial Stability," IMF Staff Country Reports 2022/340, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2022/340
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