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whitepaper
THE FUTURE OF FINANCIAL STABILITY AND CYBER RISK
Cyber risks pose unique threats to financial stability that are not well understood or managed, despite growing investment in research and dependence by financial institutions, consumers, and governments on cyber technologies. This paper considers the ways in which cyber risks differ from traditional financial shocks. In contrast to the financial and policy shocks that have triggered past financial panics, cyber attacks are generally designed and initiated by sentient adversaries in aggressive pursuit of specific malicious goals. If one of those goals is broad financial system instability, a cyber attack may pose unique challenges. DOWNLOAD